Bi-Level Residential Income
For Sale
$325,000
Pending
1219 N RANDOLPH STREET Unit 3F, Philadelphia, PA 19122
Two-level condominium with an open layout, private primary suite, and roof access for a potential deck.
Property Size1,327 SF
Days on Market45
Property Features for 1219 N RANDOLPH STREET Unit 3F
General Information
Standard status
Pending
Size
1,327 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Olde Kensington
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,934
Building Details
Building Size
1,327 SF
Year Built
2008
Listing Agency:
KW Empower
Listed By:
Jeniffer Benner · License #RS337797
(484) 221-1556
Source:
Patmckennarealtors
Added: Sep 18
Changed: Oct 31
Last Checked: Nov 1 at 1:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
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Investment Insights
Based on property information with market context.
This 2008 bi-level condominium is arranged across two levels with an open-concept main floor, a living area, modern kitchen, bedroom, and full bathroom. The upper level contains a private primary suite with its own en-suite bathroom. A sliding door leads from the upper floor to the roof, creating the possibility of developing a private roof deck. The pet-friendly condominium association accommodates residents with pets.
The property is at 1219 N Randolph Street in Philadelphia’s Old Kensington neighborhood. Cruz Park, with green space, a playground, and a public pool, is two blocks away. Subway, bus, and trolley service are nearby, along with restaurants, coffee shops, breweries, and other neighborhood destinations including Char Pizza, ReAnimator Coffee, Wissahickon Brewing, Laser Wolf, and Middle Child Clubhouse.
The property is at 1219 N Randolph Street in Philadelphia’s Old Kensington neighborhood. Cruz Park, with green space, a playground, and a public pool, is two blocks away. Subway, bus, and trolley service are nearby, along with restaurants, coffee shops, breweries, and other neighborhood destinations including Char Pizza, ReAnimator Coffee, Wissahickon Brewing, Laser Wolf, and Middle Child Clubhouse.
Key Highlights
- Bi‑level layout with living space arranged across two floors
- Two‑bedroom, two‑bath condominium
- Upper‑level primary suite with private en‑suite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,873
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,460
$417.5K
Cap Rate 7%
$298,186
$298.2K
Cap Rate 9%
$231,922
$231.9K
Market Conditions
NOI Build-Up for 1,327 SF
Gross rent
$40.3K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$38.0K $28.60/SF
− OpEx
−$17.1K −$12.87/SF
NOI
$20.9K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,460
Cap Rate 7%
$298,186
Cap Rate 9%
$231,922
Alternative Uses
Best Use
Apartment 5plus
$298.2K
$260.9K – $347.9K
NOI $20,873 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$323.5K
$283.1K – $377.4K
NOI $22,645 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,111
Businesses Nearby
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Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium with an open layout, private primary suite, and roof access for a potential deck.
Where is this residential income property located?
The property is located at 1219 N RANDOLPH STREET Unit 3F Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Bi‑level layout with living space arranged across two floors; Two‑bedroom, two‑bath condominium; Upper‑level primary suite with private en‑suite bathroom
