Turnkey 7-Unit Multifamily
1234 N 30th Street Philadelphia, PA 19121
For Sale
$1,500,000
Fully occupied 7-unit building with six 2-bedroom units and one 3-bedroom unit, legally configured for condominium operation.
Property Size5,631 SF
Price / SF$266.38
Days on Market219
Property Features for 1234 N 30th Street
General Information
- Standard status
- Active
- Size
- 5,631 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2014
Listing Agency:
EXP Realty,LLC
(215) 310-6250
Listed By:
Guillermo Salas III · License #AB067011
Source:
Deepcreeklake
Added: Dec 19, 2025
Changed: Jul 25
Last Checked: Jul 25 at 5:55AM
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 EXP Realty,LLC
Investment Insights
Based on property information with market context.
A fully occupied 7-unit multifamily property presented as condo-ready. The building includes six 2-bedroom/2-bath units and one 3-bedroom/2-bath unit, all currently leased and producing gross monthly rent. The property is operated as a traditional multifamily rental while remaining legally configured as a condominium building.
The asset is located at 1234 N 30th Street in Philadelphia. Public remarks note that several units include backyard access.
From a practical configuration standpoint, the unit mix provides repeatable layouts across the building while the condo setup can support multiple ownership approaches, including continuing operation as rentals or transitioning through condo sales over time. Immediate occupancy and leases in place provide stabilized income from day one.
The asset is located at 1234 N 30th Street in Philadelphia. Public remarks note that several units include backyard access.
From a practical configuration standpoint, the unit mix provides repeatable layouts across the building while the condo setup can support multiple ownership approaches, including continuing operation as rentals or transitioning through condo sales over time. Immediate occupancy and leases in place provide stabilized income from day one.
Key Highlights
- Fully occupied 7‑unit multifamily building (1234 N. 30th St.), leased with tenants in place
- Unit mix: six 2‑bed/2‑bath units plus one 3‑bed/2‑bath unit
- 2014 build year with $11,410 in gross monthly rent
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 | $171.0k | $30.36 |
| − Vacancy | −$9.9k | −$1.76 |
| EGI | $161.0k | $28.60 |
| − OpEx | −$72.5k | −$12.87 |
| NOI | $88.6k | $15.73 |
5,631 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,573 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $96,092 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MSME Co.
Marketing & Advertising
FAQs
What type of property is this?
Apartment building - Fully occupied 7-unit building with six 2-bedroom units and one 3-bedroom unit, legally configured for condominium operation.
Where is this apartment building located?
The property is located at 1234 N 30th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Fully occupied 7‑unit multifamily building (1234 N. 30th St.), leased with tenants in place; Unit mix: six 2‑bed/2‑bath units plus one 3‑bed/2‑bath unit; 2014 build year with $11,410 in gross monthly rent
