Well-Maintained Multi-Family
1236 Sanger Street Philadelphia, PA 19124
For Sale
$238,500
Well-maintained multi-family property near Roosevelt Boulevard with separate utilities for each unit.
Property Size1,392 SF
Price / SF$171.34
Days on Market103
Property Features for 1236 Sanger Street
General Information
- Standard status
- Active
- Size
- 1,392 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1940
Listing Agency:
Homestarr Realty
(347) 553-5541
Listed By:
Derrick Ly
(347) 553-5541
Source:
Compass
Added: Apr 13
Changed: Jul 20
Last Checked: Jul 23 at 11:21AM
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 Homestarr Realty
Investment Insights
Based on property information with market context.
This well-maintained multi-family property offers separate utilities for each unit and spacious layouts designed to support tenant comfort. The units also provide ample natural light, contributing to a bright, functional living environment.
The property is located near Roosevelt Boulevard in Philadelphia, PA, with Philadelphia City School District listed in the source information.
Offered for sale as a multi-family income property, it may appeal to investors evaluating strategies such as buy and hold or value-add, based on the features described in the listing remarks.
The property is located near Roosevelt Boulevard in Philadelphia, PA, with Philadelphia City School District listed in the source information.
Offered for sale as a multi-family income property, it may appeal to investors evaluating strategies such as buy and hold or value-add, based on the features described in the listing remarks.
Key Highlights
- Well‑maintained multi‑family property built in 1940
- Separate utilities for each unit
- No pool on the property
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 | $32.4k | $23.28 |
| − Vacancy | −$2.4k | −$1.72 |
| EGI | $30.0k | $21.56 |
| − OpEx | −$13.5k | −$9.70 |
| NOI | $16.5k | $11.86 |
1,392 SF · lease $23.28/SF/yr · vacancy 7.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$235.8K
$206.3K – $275.1K
NOI $16,504 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$800.7K
$700.6K – $934.2K
NOI $56,049 @ 7.0% cap · market cap 23.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Well-maintained multi-family property near Roosevelt Boulevard with separate utilities for each unit.
Where is this multifamily property located?
The property is located at 1236 Sanger Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $238,500.
What are key features of this property?
This property features: Well‑maintained multi‑family property built in 1940; Separate utilities for each unit; No pool on the property
