Residential Income Property with Private
For Sale
$650,000
Pending
1311 S CARLISLE STREET Unit D, Philadelphia, PA 19146
Loft-style two-bedroom residence with skyline outlooks, vaulted ceilings, renovated baths, and direct access to a generous outdoor entertaining area.
Property Size1,933 SF
Days on Market69
Property Features for 1311 S CARLISLE STREET Unit D
General Information
Standard status
Pending
Size
1,933 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
South Philadelphia
Public Transit
Yes
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,394
Amenities
private deck
shared backyard
dog porch potty
concealed laundry
Building Details
Building Size
1,933 SF
Year Built
1900
Listing Agency:
KW Empower
Listed By:
James F Roche Jr. · License #RS332204
(215) 714-9539
Source:
Patmckennarealtors
Added: Aug 24
Changed: Oct 31
Last Checked: Oct 30 at 9:32PM
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
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Investment Insights
Based on property information with market context.
Unit D is a two-bedroom, two-bath penthouse offering approximately 2,000 square feet of loft-inspired living space. The interior combines original hardwood flooring, vaulted ceilings, extensive windows, and a wood pellet stove with an open kitchen, dining, and living arrangement. Both bedrooms are approximately 18 feet wide, and each includes a full bath; the primary suite also features a walk-in closet and private bathroom. Recent work includes improvements to the kitchen tile, lighting, switches, refrigerator, recessed lighting, doors, vanities, HVAC, water heaters, and roof. Laundry is concealed within the residence.
A substantial private deck extends the usable living area and provides direct views toward the Center City skyline, with room for separate dining and lounge settings. Residents also have access to a shared backyard with seating, a dining set, and a dog porch potty. Columbus Square Park and East Passyunk Avenue are nearby, while the Broad Street Line is approximately one-and-a-half blocks away. The property was built in 1900.
A substantial private deck extends the usable living area and provides direct views toward the Center City skyline, with room for separate dining and lounge settings. Residents also have access to a shared backyard with seating, a dining set, and a dog porch potty. Columbus Square Park and East Passyunk Avenue are nearby, while the Broad Street Line is approximately one-and-a-half blocks away. The property was built in 1900.
Key Highlights
- Approximately 2,000 square feet of interior living space
- Two bedrooms, two full baths, and bedrooms approximately 18 feet wide
- Large private deck with direct Center City skyline views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,459
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,180
$629.2K
Cap Rate 7%
$449,414
$449.4K
Cap Rate 9%
$349,544
$349.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$60.7K $30.36/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$57.2K $28.60/SF
− OpEx
−$25.7K −$12.87/SF
NOI
$31.5K $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%
$629,180
Cap Rate 7%
$449,414
Cap Rate 9%
$349,544
Alternative Uses
Best Use
Apartment 5plus
$449.4K
$393.2K – $524.3K
NOI $31,459 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$487.6K
$426.6K – $568.8K
NOI $34,130 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,767
Businesses Nearby
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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 - Loft-style two-bedroom residence with skyline outlooks, vaulted ceilings, renovated baths, and direct access to a generous outdoor entertaining area.
Where is this residential income property located?
The property is located at 1311 S CARLISLE STREET Unit D Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 2,000 square feet of interior living space; Two bedrooms, two full baths, and bedrooms approximately 18 feet wide; Large private deck with direct Center City skyline views
