Updated 5-Unit Apartment
1305 N 15th Street Philadelphia, PA 19121
For Sale
$725,000
Updated 5-unit building with one currently vacant unit and on-site laundry income reported at $40–$50 per month.
Property Size3,033 SF
Price / SF$239.04
Days on Market271
Property Features for 1305 N 15th Street
General Information
- Standard status
- Active
- Size
- 3,033 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1915
Listing Agency:
Compass RE
(610) 724-5702
Listed By:
Erin Thompson · License #AB068517
(610) 724-5702
Source:
Xome
Added: Oct 27, 2025
Changed: Jul 22
Last Checked: Jul 23 at 3:52AM
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 Compass RE
Investment Insights
Based on property information with market context.
This updated 5-unit apartment building includes five separately rented units, with one vacancy currently being marketed. Unit A is a studio with a loft, Unit B is a 1-bedroom, Unit C is a 1-bedroom currently vacant, Unit D is a studio, and Unit E is a 2-bedroom. Monthly rents provided for the occupied units are $1200 (Unit A), $1400 (Unit B), $900 (Unit D), and $1700 (Unit E), with Unit C listed at $1350.
Additional income is reported from laundry at approximately $40–$50 per month. The building is described as updated throughout, and more professional photos are expected.
For buyers or brokers underwriting current income and vacancy, the unit mix is clearly defined across studios, 1-bedrooms, and a 2-bedroom, with the available unit identified as Unit C.
Additional income is reported from laundry at approximately $40–$50 per month. The building is described as updated throughout, and more professional photos are expected.
For buyers or brokers underwriting current income and vacancy, the unit mix is clearly defined across studios, 1-bedrooms, and a 2-bedroom, with the available unit identified as Unit C.
Key Highlights
- Updated 5‑unit building with one unit currently vacant
- Unit mix and rents reported: studio $1,200; 1BR $1,400; vacant 1BR $1,350; studio $900; 2BR $1,700
- On‑site laundry income reported at $40–$50 per month
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 | $92.1k | $30.36 |
| − Vacancy | −$5.3k | −$1.76 |
| EGI | $86.7k | $28.60 |
| − OpEx | −$39.0k | −$12.87 |
| NOI | $47.7k | $15.73 |
3,033 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$681.5K
$596.4K – $795.1K
NOI $47,708 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$739.4K
$647.0K – $862.6K
NOI $51,758 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Updated 5-unit building with one currently vacant unit and on-site laundry income reported at $40–$50 per month.
Where is this apartment building located?
The property is located at 1305 N 15th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Updated 5‑unit building with one unit currently vacant; Unit mix and rents reported: studio $1,200; 1BR $1,400; vacant 1BR $1,350; studio $900; 2BR $1,700; On‑site laundry income reported at $40–$50 per month
