Residential Income Property with
For Sale
$315,000
1309-11 N LAWRENCE STREET Unit 10, Philadelphia, PA 19122
Industrial-style condominium includes private outdoor space and secure covered parking.
Property Size800 SF
Days on Market83
Property Features for 1309-11 N LAWRENCE STREET Unit 10
General Information
Standard status
Active
Size
800 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Dickinson Narrows
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,302
Amenities
private balcony
mezzanine loft
courtyard
fountain
gazebo
bicycle storage
smart video entry
motorized gated access
digital building controls
Building Details
Building Size
800 SF
Year Built
1900
Listing Agency:
KW Empower
Listed By:
Alexander Stephen Clark · License #RS370377
(856) 220-0718
Source:
Patmckennarealtors
Added: Aug 11
Changed: Oct 31
Last Checked: Nov 1 at 1:15PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is a loft-style condominium at Lawrence Street Condominiums, completed in 1900. The interior combines vaulted ceilings, exposed timber beams, spiral ductwork, cherry-finish hardwood floors, and substantial natural light. Its kitchen includes metallic gray cabinetry, black granite counters, mosaic tile backsplash, stainless steel appliances, gas cooking, a built-in microwave, French-door refrigerator, wine cooler, and a seating peninsula. The bedroom opens to a private balcony and has a custom closet system, while the full bathroom features subway tile, dark flooring, and a granite vanity. A mezzanine accessed by a fold-down staircase adds flexible interior space. The residence also includes secure covered garage parking space 10.
Building amenities include a landscaped courtyard with a fountain, gazebo, stone accent wall, bicycle storage, ButterflyMX smart video entry, motorized gated access, and digital building controls. The property is positioned among Northern Liberties, Fishtown, and Olde Kensington, with SEPTA’s Girard Station, bus routes, I-95, I-676, Delaware Avenue, and Center City nearby.
Building amenities include a landscaped courtyard with a fountain, gazebo, stone accent wall, bicycle storage, ButterflyMX smart video entry, motorized gated access, and digital building controls. The property is positioned among Northern Liberties, Fishtown, and Olde Kensington, with SEPTA’s Girard Station, bus routes, I-95, I-676, Delaware Avenue, and Center City nearby.
Key Highlights
- Loft‑style condominium with vaulted ceilings, exposed timber beams, spiral ductwork, and cherry‑finish hardwood floors
- Mezzanine reached by a fold‑down staircase provides flexible additional interior space
- Private balcony extends from the bedroom; custom built‑in closet system included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,584
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,680
$251.7K
Cap Rate 7%
$179,771
$179.8K
Cap Rate 9%
$139,822
$139.8K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$24.3K $30.36/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$22.9K $28.60/SF
− OpEx
−$10.3K −$12.87/SF
NOI
$12.6K $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%
$251,680
Cap Rate 7%
$179,771
Cap Rate 9%
$139,822
Alternative Uses
Best Use
Apartment 5plus
$179.8K
$157.3K – $209.7K
NOI $12,584 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$195.0K
$170.7K – $227.5K
NOI $13,652 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Industrial-style condominium includes private outdoor space and secure covered parking.
Where is this residential income property located?
The property is located at 1309-11 N LAWRENCE STREET Unit 10 Philadelphia, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Loft‑style condominium with vaulted ceilings, exposed timber beams, spiral ductwork, and cherry‑finish hardwood floors; Mezzanine reached by a fold‑down staircase provides flexible additional interior space; Private balcony extends from the bedroom; custom built‑in closet system included
