Multifamily
For Sale
$550,000
1224 N Carlisle St, Philadelphia, PA 19121
The property carries RM1 zoning and was built in 2013.
Property Size2,385 SF
Price / SF$230.61
Days on Market222
Property Features for 1224 N Carlisle St
General Information
Standard status
Active
Size
2,385 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Francisville
Building Details
Year Built
2013
Listing Agency:
HK99 Realty LLC
Listed By:
Kelly X Huang · License #RM421252
(215) 582-5888
Source:
Upgradebymichaud
Added: Mar 24
Changed: Oct 25
Last Checked: Oct 30 at 6:41PM
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
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Investment Insights
Based on property information with market context.
This multifamily property is located at 1224 North Carlisle Street in Philadelphia, Pennsylvania. The building was constructed in 2013 and is identified with RM1 zoning. The property information lists above-grade and below-grade features, with no pool and no specified interior features.
The address falls within MLS Area 19121 and the Philadelphia City School District. The county is Philadelphia.
The address falls within MLS Area 19121 and the Philadelphia City School District. The county is Philadelphia.
Key Highlights
- RM1 zoning designation
- Constructed in 2013
- 2,385 property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,515
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,300
$750.3K
Cap Rate 7%
$535,929
$535.9K
Cap Rate 9%
$416,833
$416.8K
Market Conditions
NOI Build-Up for 2,385 SF
Gross rent
$72.4K $30.36/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$68.2K $28.60/SF
− OpEx
−$30.7K −$12.87/SF
NOI
$37.5K $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%
$750,300
Cap Rate 7%
$535,929
Cap Rate 9%
$416,833
Alternative Uses
Best Use
Apartment 5plus
$535.9K
$468.9K – $625.3K
NOI $37,515 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$581.4K
$508.8K – $678.3K
NOI $40,700 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,449
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property carries RM1 zoning and was built in 2013.
Where is this multifamily property located?
The property is located at 1224 N Carlisle St 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: RM1 zoning designation; Constructed in 2013; 2,385 property size
