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Apartment Building in Shell Condition
New
For Sale
$1,300,000

1301 W CUMBERLAND STREET, Philadelphia, PA 19132

A use permit issued in 2021 allows for development of 24 apartments within the existing shell.

Property Size16,248 SF
Lot Size0.13 Acres
Price / SF$80.01
Days on Market3

Property Features for 1301 W CUMBERLAND STREET

General Information

Standard status Active
Size 16,248 SF
Lot size 0.13 Acres
Property subtype Industrial
Zoning I-2

Site & Location

Road Access Yes
Public Transit Yes

Taxes and HOA fees

Annual Taxes $6,822

Building Details

Building Size 16,248 SF
Year Built 1925
Buildings 1
Listing Agency: Keller Williams Main Line
Listed By: Joshua M. Pagan · License #RS343730
Source: Patmckennarealtors
Added: Oct 8 Changed: Oct 10 Last Checked: Oct 9 at 9:29PM

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 Keller Williams Main Line

Investment Insights

Based on property information with market context.

The 16,248-square-foot building dates to 1925 and sits on a 5,739-square-foot corner lot. It is delivered in shell condition, with two street frontages, and has a use permit issued in 2021 for 24 apartments. The property is zoned I-2.

Located one block from North Broad Street, the site is near the Broad Street Line and Temple University.

Key Highlights

  • 16,248 SF building delivered in shell condition
  • 5,739 SF corner lot with two street frontages
  • Use permit issued in 2021 for 24 apartments

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Electrical Service Accounting Firm Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,738
Businesses Nearby

Demographics for 19132, PA

33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - A use permit issued in 2021 allows for development of 24 apartments within the existing shell.
Where is this apartment building located?
The property is located at 1301 W CUMBERLAND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 16,248 SF building delivered in shell condition; 5,739 SF corner lot with two street frontages; Use permit issued in 2021 for 24 apartments
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