Updated 5-Unit Multifamily
For Sale
$699,900
1305 N 15TH Street, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size3,033 SF
Lot Size0.04 Acres
Price / SF$230.76
Days on Market49
Property Features for 1305 N 15TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Subdivision
FRANCISVILLE
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,033 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5324
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1915
Number of units
4
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Real Estate-Montgomeryville · Keller Williams Realty
(215) 631-1900
Listed By:
Erin M. Thompson · License #AB068517
(610) 724-5702
Added: Jun 12
Last Checked: Jul 30 at 9:06PM
MLS# PAPH2632306
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a 5-unit multifamily building that has been updated throughout and is fully rented. The building includes a unit mix of studio/loft, studios, and one- and two-bedroom apartments. Laundry is available on-site, and laundry income is listed in the remarks at approximately $40–$50.
The property is located at 1305 N 15TH Street in Philadelphia, PA 19121. Lot size is listed at 0.0395 acres, and the total building size is approximately 3,033 square feet.
For buyers seeking a small residential income property, the unit mix provides flexibility for tenant types ranging from studios to a two-bedroom apartment. The offering includes the current rent amounts for each unit per the provided remarks, with all five units described as fully rented at the time of listing. Please note that specific lease terms and operating expense details are not provided in the supplied information.
The property is located at 1305 N 15TH Street in Philadelphia, PA 19121. Lot size is listed at 0.0395 acres, and the total building size is approximately 3,033 square feet.
For buyers seeking a small residential income property, the unit mix provides flexibility for tenant types ranging from studios to a two-bedroom apartment. The offering includes the current rent amounts for each unit per the provided remarks, with all five units described as fully rented at the time of listing. Please note that specific lease terms and operating expense details are not provided in the supplied information.
Key Highlights
- 5‑unit building updated throughout and fully rented
- Unit mix includes studios, 1‑bedroom units, and a 2‑bedroom unit
- Monthly rents: $950 (studio), $1,050 (studio w/ loft), $1,250 (1 bed), $1,400 (1 bed), $1,500 (2 bed)
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 6.82%
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 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,436
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated five-unit building offering fully rented residential income with on-site laundry revenue.
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 $699,900.
What are key features of this property?
This property features: 5‑unit building updated throughout and fully rented; Unit mix includes studios, 1‑bedroom units, and a 2‑bedroom unit; Monthly rents: $950 (studio), $1,050 (studio w/ loft), $1,250 (1 bed), $1,400 (1 bed), $1,500 (2 bed)
