Two-Level Residential Income
For Sale
$599,900
1311 S CARLISLE STREET Unit B, Philadelphia, PA 19146
A renovated condominium pairs industrial-era details with a flexible three-bedroom layout and shared garden access.
Property Size2,148 SF
Price / SF$285.67
Days on Market8
Property Features for 1311 S CARLISLE STREET Unit B
General Information
Standard status
Active
Size
2,148 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,901
Amenities
shared garden and patio
communal storage
dedicated bike storage
Building Details
Building Size
2,148 SF
Year Built
1900
Construction
warehouse-style
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Rachel Finkelstein · License #RS341080
(484) 802-3377
Source:
Patmckennarealtors
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 7 at 4:43PM
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 Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This two-level residential condominium has more than 2,100 square feet, with three bedrooms, a bonus nook, and two full bathrooms. The interior retains exposed brick, wood beams, hardwood flooring, and ductwork, complemented by custom built-ins and renovated kitchen and bathroom finishes. An open living and dining area sits beneath 18-foot ceilings, and windows on three exposures bring natural light into the home. The lower level contains two bedrooms and the bonus nook, currently arranged as an office. A shared garden and patio, communal storage, and dedicated bike storage serve the building. HVAC is dual-zoned, with newer systems.
The property is just off Broad Street in Newbold. The Broad Street Line, neighborhood restaurants and shops, grocery retailers, and Columbus Square Park are nearby; Passyunk Square, Point Breeze, Graduate Hospital, and Center City are also within easy distance. The building dates to 1900.
The property is just off Broad Street in Newbold. The Broad Street Line, neighborhood restaurants and shops, grocery retailers, and Columbus Square Park are nearby; Passyunk Square, Point Breeze, Graduate Hospital, and Center City are also within easy distance. The building dates to 1900.
Key Highlights
- More than 2,100 square feet across two levels
- Three bedrooms, a bonus nook, and two full bathrooms
- 18‑foot ceilings, exposed brick, wood beams, and original hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,032
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,640
$660.6K
Cap Rate 7%
$471,886
$471.9K
Cap Rate 9%
$367,022
$367.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$63.8K $30.36/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$60.1K $28.60/SF
− OpEx
−$27.0K −$12.87/SF
NOI
$33.0K $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%
$660,640
Cap Rate 7%
$471,886
Cap Rate 9%
$367,022
Alternative Uses
Best Use
Apartment 5plus
$471.9K
$412.9K – $550.5K
NOI $33,032 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$511.9K
$448.0K – $597.3K
NOI $35,836 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,767
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A renovated condominium pairs industrial-era details with a flexible three-bedroom layout and shared garden access.
Where is this residential income property located?
The property is located at 1311 S CARLISLE STREET Unit B Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: More than 2,100 square feet across two levels; Three bedrooms, a bonus nook, and two full bathrooms; 18‑foot ceilings, exposed brick, wood beams, and original hardwood flooring
