12-Unit Apartment
New
For Sale
$2,999,999
1221 N 27TH STREET 27, Philadelphia, PA 19121
Two adjacent brick buildings offer light-filled two-bedroom apartments with updated finishes and high-efficiency HVAC systems.
Property Size11,760 SF
Price / SF$255.10
Days on Market4
Property Features for 1221 N 27TH STREET 27
General Information
Standard status
Active
Size
11,760 SF
Occupancy
100%
Additional Details
Road Access
Yes
Multifamily Units
12
Amenities
slick kitchens and baths
ceiling fans
oversized windows
high ceilings
pendant lighting
stainless appliances
washer-dryer combos
LVP flooring
high efficiency HVAC systems
Building Details
Building Size
11,760 SF
Year Built
2017
Buildings
2
Construction
brick
Listing Agency:
Keller Williams Liberty Place
(610) 606-1095
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Kingswayrealty
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 9:54AM
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 Keller Williams Liberty Place
Investment Insights
Based on property information with market context.
Brewery Row is a 12-unit apartment building comprising two adjacent brick buildings that operate as one community under two Tax IDs. Built in 2017, the property contains 11,760 square feet and features light-filled two-bedroom apartments with kitchens and baths, oversized windows, high ceilings, pendant lighting, stainless appliances, washer-dryer combos, LVP flooring, ceiling fans, and high-efficiency HVAC systems and mechanicals. The two buildings may also be purchased as separate 6-unit assets or together with other nearby buildings in the Fairmount/Brewerytown Portfolio, totaling 43 units.
Located at 1221 N 27TH STREET in Philadelphia’s Brewerytown section, Brewery Row is positioned off Girard Avenue along the 27th Street corridor. The property is walkable to amenities along Girard Avenue, Fairmount Avenue restaurants and cafes, the Museums District, Schuylkill River Trail, Boathouse Row, and Fairmount Park. All 12 units are leased at market rate, and the property has a 10 year tax abatement.
Located at 1221 N 27TH STREET in Philadelphia’s Brewerytown section, Brewery Row is positioned off Girard Avenue along the 27th Street corridor. The property is walkable to amenities along Girard Avenue, Fairmount Avenue restaurants and cafes, the Museums District, Schuylkill River Trail, Boathouse Row, and Fairmount Park. All 12 units are leased at market rate, and the property has a 10 year tax abatement.
Key Highlights
- 12‑unit apartment building with 11,760 SF, built in 2017
- Two adjacent brick buildings operating as one community under two Tax IDs
- All 12 units leased at market rate
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 | $357.0k | $30.36 |
| − Vacancy | −$20.7k | −$1.76 |
| EGI | $336.3k | $28.60 |
| − OpEx | −$151.3k | −$12.87 |
| NOI | $185.0k | $15.73 |
11,760 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.64M
$2.31M – $3.08M
NOI $184,979 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.87M
$2.51M – $3.34M
NOI $200,683 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,532
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent brick buildings offer light-filled two-bedroom apartments with updated finishes and high-efficiency HVAC systems.
Where is this apartment building located?
The property is located at 1221 N 27TH STREET 27 Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: 12‑unit apartment building with 11,760 SF, built in 2017; Two adjacent brick buildings operating as one community under two Tax IDs; All 12 units leased at market rate
