5-Unit Apartment
New
For Sale
$675,000
1251 E FLETCHER STREET, Philadelphia, PA 19125
A fenced backyard provides private outdoor space at this Philadelphia multifamily property.
Property Size2,641 SF
Price / SF$255.59
Days on Market5
Property Features for 1251 E FLETCHER STREET
General Information
Standard status
Active
Size
2,641 SF
Property subtype
Commercial
Site & Location
Neighborhood
Kensington
Public Transit
Yes
Additional Details
Multifamily Units
5
Amenities
private fenced-in backyard
Building Details
Year Built
1915
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Michael Patrick Yizzi · License #RS362692
(267) 721-2613
Source:
Cummingsrealtors
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 3 at 7:41AM
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 KW Empower
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Investment Insights
Based on property information with market context.
This Philadelphia apartment property contains five units within 2,641 square feet. Built in 1915, the building also includes a fenced backyard for private outdoor use.
Key Highlights
- Five residential units
- 2,641 square feet of building area
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,542
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,840
$830.8K
Cap Rate 7%
$593,457
$593.5K
Cap Rate 9%
$461,578
$461.6K
Market Conditions
NOI Build-Up for 2,641 SF
Gross rent
$80.2K $30.36/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$75.5K $28.60/SF
− OpEx
−$34.0K −$12.87/SF
NOI
$41.5K $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%
$830,840
Cap Rate 7%
$593,457
Cap Rate 9%
$461,578
Alternative Uses
Best Use
Apartment 5plus
$593.5K
$519.3K – $692.4K
NOI $41,542 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$643.8K
$563.4K – $751.1K
NOI $45,068 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,217
Businesses Nearby
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Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - A fenced backyard provides private outdoor space at this Philadelphia multifamily property.
Where is this apartment building located?
The property is located at 1251 E FLETCHER STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Five residential units; 2,641 square feet of building area; Built in 1915
