Philadelphia Multifamily Property for
For Sale
Contact for pricing
122 S 46th St, Philadelphia, PA 19139
Multifamily property in Philadelphia, potential portfolio sale opportunity.
Property Size2,600 SF
Price / SF$225
Days on Market136
Property Features for 122 S 46th St
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multifamily
Building Details
Year Built
1925
Listing Agency:
MPN Realty, Inc.
Listed By:
Nadia Bilynsky · License #PA
Source:
Crexi
Added: Mar 19
Changed: Jul 6
Last Checked: Jul 31 at 9:05AM
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 MPN Realty, Inc.
Investment Insights
Based on property information with market context.
A multifamily property is available for sale. The property encompasses a total area of 2600 square feet. The seller possesses additional real estate holdings in the immediate vicinity and is open to considering a portfolio sale. Further details can be obtained by contacting the broker.
Key Highlights
- Seller may consider a portfolio sale.
- Seller owns additional real estate in the same immediate area.
- Year Built: 1925
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.9k | $30.36 |
| − Vacancy | −$4.6k | −$1.76 |
| EGI | $74.4k | $28.60 |
| − OpEx | −$33.5k | −$12.87 |
| NOI | $40.9k | $15.73 |
2,600 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$584.2K
$511.2K – $681.6K
NOI $40,897 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$633.8K
$554.6K – $739.5K
NOI $44,369 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,441
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property in Philadelphia, potential portfolio sale opportunity.
Where is this multifamily property located?
The property is located at 122 S 46th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Seller may consider a portfolio sale.; Seller owns additional real estate in the same immediate area.; Year Built: 1925
