Turnkey 7-Unit Multifamily
For Sale
$1,400,000
1234 N 30th Street, Philadelphia, PA 19121
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$248.62
Days on Market293
Property Features for 1234 N 30th Street
General Information
Standard status
Active
Size
5,631 SF
Property subtype
Multi-family
Occupancy
100%
Lease Term
[]
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
7
Amenities
backyard access
Building Details
Year Built
2014
Listing Agency:
EXP Realty,LLC
Listed By:
Guillermo Salas III · License #AB067011
(215) 310-6250
Source:
Deepcreeklake
Added: Jan 5
Changed: Oct 23
Last Checked: Oct 24 at 9:44PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$88,573
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,771,460
$1.8M
Cap Rate 7%
$1,265,329
$1.3M
Cap Rate 9%
$984,144
$984.1K
Market Conditions
NOI Build-Up for 5,631 SF
Gross rent
$171.0K $30.36/SF
− Vacancy
−$9.9K −$1.76/SF
EGI
$161.0K $28.60/SF
− OpEx
−$72.5K −$12.87/SF
NOI
$88.6K $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%
$1,771,460
Cap Rate 7%
$1,265,329
Cap Rate 9%
$984,144
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,573 @ 7.0% cap · market cap 6.33%
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 6.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,123
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 $1,400,000.
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
