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Philadelphia Multifamily Property for Sale

1812 Hart Lane Philadelphia, PA 19134

1812 Hart Lane, Philadelphia, PA, 19134
$220,000
For Sale
Claim this Listing
$220,000

Multifamily property in Philadelphia, PA, featuring 1155 square feet.

Property Size1,155 SF
Price / SF$190.48
AddedMay 3, 2025
Days on Market439
Last RefreshJul 15 at 11:44 am

Property Features for 1812 Hart Lane

General Information

Standard status
Active
Size
1,155 SF
Property subtype
Multi-Family / Fee Simple

Building Details

Year Built
1920

Listing office Realty Mark Associates

Listing date May 3, 2025

Source Compass

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 Realty Mark Associates


Investment Insights

Based on property information with market context.

Located in Philadelphia, this multifamily property offers approximately 1155 square feet of space. The property is situated within the 19134 MLS area and falls under the jurisdiction of the Philadelphia City School District. The School District County ID is 803408593408.

Key Highlights

  • Located in Philadelphia County.
  • Situated in MLS Area 19134.
  • School District: PHILADELPHIA CITY.

Local 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 $35.1k $30.36
− Vacancy −$2.0k −$1.76
EGI $33.0k $28.60
− OpEx −$14.9k −$12.87
NOI $18.2k $15.73
1,155 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$259.5K
$227.1K – $302.8K (±1% cap)
NOI $18,168 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$281.6K
$246.4K – $328.5K (±1% cap)
NOI $19,710 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Law Firm Parking Lot & Garage Travel Agency Acupuncture (Bike/Boat/Book/etc) Store Computer & Electronic Repair Accounting Firm Veterinary Clinic Florist Tech Support Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - Multifamily property in Philadelphia, PA, featuring 1155 square feet.
Where is this multifamily property located?
The property is located at 1812 Hart Lane Philadelphia, PA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Located in Philadelphia County.; Situated in MLS Area 19134.; School District: PHILADELPHIA CITY.
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