Turnkey 7-Unit Multifamily
1234 N 30TH Street Philadelphia, PA 19121
For Sale
$1,500,000
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size5,631 SF
Price / SF$266.38
Days on Market184
Property Features for 1234 N 30TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 5,631 SF
Taxes and HOA fees
- Tax Annual Amount
- 20271
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2014
- Number of units
- 4
- Architectural style
- Contemporary
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Guillermo Salas III · License #AB067011
(484) 429-6025
Added: Jan 20
Changed: Jun 15
Last Checked: Jul 23 at 9:06PM
MLS# PAPH2573514
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied 7-unit multifamily building is offered for sale as a turnkey asset. The property includes six 2-bedroom, 2-bath units and one 3-bedroom, 2-bath unit, with leases in place across all units. The building’s legal setup is described as condo-ready, meaning it is configured as a condo building even though it is currently operated as a traditional multifamily rental. The current gross rent figure provided is $11,410 per month ($136,920 annually). Some units also include backyard access, which may enhance tenant appeal.
The property is located at 1234 N 30th Street in Philadelphia, PA 19121, in the Brewerytown area. The remarks note proximity to Center City, major universities, and public transportation, along with Brewerytown’s expanding retail and dining scene.
For buyers and brokers seeking an income-producing residential asset with flexibility, the condo configuration is a key operational consideration. The building can continue operating as a stabilized rental under current use, or be approached as a condo setup with the ability to sell units separately over time. With all units occupied at the time of listing, the property is positioned for immediate rental operation while the condo-ready framework supports planning around multiple ownership strategies.
The property is located at 1234 N 30th Street in Philadelphia, PA 19121, in the Brewerytown area. The remarks note proximity to Center City, major universities, and public transportation, along with Brewerytown’s expanding retail and dining scene.
For buyers and brokers seeking an income-producing residential asset with flexibility, the condo configuration is a key operational consideration. The building can continue operating as a stabilized rental under current use, or be approached as a condo setup with the ability to sell units separately over time. With all units occupied at the time of listing, the property is positioned for immediate rental operation while the condo-ready framework supports planning around multiple ownership strategies.
Key Highlights
- High Gross Annual Rents: $136,920 in gross annual rents from a fully occupied 7‑unit building.
- Condo‑Ready Structure: Legally configured as a condominium building, offering flexible exit strategies.
- Prime Brewerytown Location: Situated in a rapidly appreciating neighborhood.
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
Property Profile
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 a 2BR/2BA and 3BR/2BA mix, legally configured for condo use.
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: High Gross Annual Rents: $136,920 in gross annual rents from a fully occupied 7‑unit building.; Condo‑Ready Structure: Legally configured as a condominium building, offering flexible exit strategies.; Prime Brewerytown Location: Situated in a rapidly appreciating neighborhood.
