Multi-Unit Residential Income
For Sale
$399,999
1224 E COLUMBIA AVENUE REAR, Philadelphia, PA 19125
The property includes multiple units with electric baseboard heat and wall-mounted units.
Property Size1,500 SF
Price / SF$266.67
Days on Market97
Property Features for 1224 E COLUMBIA AVENUE REAR
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Residential Income
Zoning
RSA5
Site & Location
Neighborhood
Kensington
Taxes and HOA fees
Annual Taxes
$4,634
Amenities
Multi Units, Wall Unit(s), Electric
Electric, Baseboard
Electric Water Heater, Refrigerator, Microwave
On Street
Straight Thru
Building Details
Building Size
1,500 SF
Year Built
1915
Stories
3
Listing Agency:
Compass Pennsylvania, LLC - 6109470408
Listed By:
David m cohen · License #RS-282774
(215) 260-5860
Source:
Evrealestate
Added: Jul 27
Changed: Oct 31
Last Checked: Oct 30 at 2:34PM
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 Compass Pennsylvania, LLC - 6109470408
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property was built in 1915 and is zoned RSA5. Interior features include multiple units, wall-mounted units, electric baseboard heat, an electric water heater, a refrigerator, and a microwave.
The property is at 1224 E Columbia Avenue Rear in Philadelphia, Pennsylvania. On-street parking is noted.
The property is at 1224 E Columbia Avenue Rear in Philadelphia, Pennsylvania. On-street parking is noted.
Key Highlights
- Multiple residential units
- Built in 1915
- RSA5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,594
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,880
$471.9K
Cap Rate 7%
$337,057
$337.1K
Cap Rate 9%
$262,156
$262.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$45.5K $30.36/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$42.9K $28.60/SF
− OpEx
−$19.3K −$12.87/SF
NOI
$23.6K $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%
$471,880
Cap Rate 7%
$337,057
Cap Rate 9%
$262,156
Alternative Uses
Best Use
Apartment 5plus
$337.1K
$294.9K – $393.2K
NOI $23,594 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$365.7K
$320.0K – $426.6K
NOI $25,597 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,995
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The property includes multiple units with electric baseboard heat and wall-mounted units.
Where is this residential income property located?
The property is located at 1224 E COLUMBIA AVENUE REAR Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Multiple residential units; Built in 1915; RSA5 zoning
