12-Unit Apartment
For Sale
$2,999,999
122127 N 27th Street, Philadelphia, PA 19121
Two-bedroom apartments include stainless appliances, washer-dryer combos, and high-efficiency HVAC systems.
Property Size11,760 SF
Price / SF$255.10
Days on Market184
Property Features for 122127 N 27th Street
General Information
Standard status
Active
Size
11,760 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
[]
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
12
Amenities
ceiling fans
oversized windows
high ceilings
pendant lighting
stainless appliances
washer-dryer combos
LVP flooring
Building Details
Year Built
2017
Buildings
2
Construction
brick
Listing Agency:
Keller Williams Liberty Place
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Deepcreeklake
Added: Apr 30
Changed: Oct 28
Last Checked: Oct 28 at 8:48AM
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
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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 11,760-square-foot multifamily asset features light-filled two-bedroom apartments with kitchens and baths, oversized windows, high ceilings, pendant lighting, ceiling fans, LVP flooring, stainless appliances, washer-dryer combos, and high-efficiency HVAC systems and mechanicals.
The property is located off Girard Avenue along the 27th Street corridor in Philadelphia’s Brewerytown section. It is described as 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 includes a 10-year tax abatement.
The property is located off Girard Avenue along the 27th Street corridor in Philadelphia’s Brewerytown section. It is described as 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 includes a 10-year tax abatement.
Key Highlights
- 12‑unit apartment building totaling 11,760 SF
- Built in 2017 with two adjacent buildings operating as one community
- All 12 units leased at market rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,979
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,699,580
$3.7M
Cap Rate 7%
$2,642,557
$2.6M
Cap Rate 9%
$2,055,322
$2.1M
Market Conditions
NOI Build-Up for 11,760 SF
Gross rent
$357.0K $30.36/SF
− Vacancy
−$20.7K −$1.76/SF
EGI
$336.3K $28.60/SF
− OpEx
−$151.3K −$12.87/SF
NOI
$185.0K $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%
$3,699,580
Cap Rate 7%
$2,642,557
Cap Rate 9%
$2,055,322
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,077
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
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom apartments include stainless appliances, washer-dryer combos, and high-efficiency HVAC systems.
Where is this apartment building located?
The property is located at 122127 N 27th Street 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 totaling 11,760 SF; Built in 2017 with two adjacent buildings operating as one community; All 12 units leased at market rate
