Residential Income
1220 North Carlisle Street Philadelphia, PA 19121
For Sale
$550,000
Residential income property for sale in Philadelphia’s 19121 area.
Property Size2,397 SF
Price / SF$229.45
Days on Market175
Property Features for 1220 North Carlisle Street
General Information
- Standard status
- Active
- Size
- 2,397 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2013
Listing Agency:
HK99 Realty LLC
(215) 582-5888
Listed By:
Kelly X Huang · License #RM421252
(215) 582-5888
Source:
Compass
Added: Jan 30
Changed: Jul 22
Last Checked: Jul 23 at 11:05AM
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 HK99 Realty LLC
Investment Insights
Based on property information with market context.
This is a residential income property offered for sale in Philadelphia’s 19121 (MLS Area 19121) market. The listing identifies the asset as an “other residential income property,” with a total property size of 2,397.
The property is located in Philadelphia County, within The School District of Philadelphia.
Additional details regarding unit mix, condition, and specific improvements were not provided in the available information.
The property is located in Philadelphia County, within The School District of Philadelphia.
Additional details regarding unit mix, condition, and specific improvements were not provided in the available information.
Key Highlights
- Residential income property in Philadelphia’s 19121 area (MLS Area: 19121)
- Year built: 2013
- No pool
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 | $72.8k | $30.36 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $68.6k | $28.60 |
| − OpEx | −$30.8k | −$12.87 |
| NOI | $37.7k | $15.73 |
2,397 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$538.6K
$471.3K – $628.4K
NOI $37,704 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$584.4K
$511.3K – $681.8K
NOI $40,905 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Residential income property for sale in Philadelphia’s 19121 area.
Where is this residential income property located?
The property is located at 1220 North Carlisle Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Residential income property in Philadelphia’s 19121 area (MLS Area: 19121); Year built: 2013; No pool
