Residential Income
New
For Sale
$379,500
1314 W ROCKLAND STREET, Philadelphia, PA 19141
Established residential income asset with on-street parking and gas-fired water heating.
Property Size2,070 SF
Price / SF$183.33
Days on Market6
Property Features for 1314 W ROCKLAND STREET
General Information
Standard status
Active
Size
2,070 SF
Property subtype
Residential Income
Zoning
RTA1
Taxes and HOA fees
Annual Taxes
$3,535
Amenities
Electric, Natural Gas, Hot Water, Baseboard
Full
Gas Water Heater
On Street
Other
Building Details
Building Size
2,070 SF
Year Built
1935
Stories
3
Listing Agency:
(267) 408-6671
Listed By:
Alex Molinski
(267) 408-6671
Source:
Evrealestate
Added: Aug 8
Changed: Aug 11
Last Checked: Aug 13 at 5:56AM
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 Alex Molinski
Investment Insights
Based on property information with market context.
This residential income property at 1314 W Rockland Street was built in 1935 and includes electric service, natural gas, hot water, baseboard heating, and a gas water heater. On-street parking is available.
The property is located in Philadelphia, Pennsylvania, within Philadelphia County. Access directions lead north on N Broad Street before turning onto W Rockland Street. The RTA1 zoning designation is identified for the property.
The property is located in Philadelphia, Pennsylvania, within Philadelphia County. Access directions lead north on N Broad Street before turning onto W Rockland Street. The RTA1 zoning designation is identified for the property.
Key Highlights
- Residential income property in Philadelphia County
- Built in 1935
- RTA1 zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,560
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$651,200
$651.2K
Cap Rate 7%
$465,143
$465.1K
Cap Rate 9%
$361,778
$361.8K
Market Conditions
NOI Build-Up for 2,070 SF
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.
Gross rent
$62.8K $30.36/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$59.2K $28.60/SF
− OpEx
−$26.6K −$12.87/SF
NOI
$32.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$651,200
Cap Rate 7%
$465,143
Cap Rate 9%
$361,778
Alternative Uses
Best Use
Apartment 5plus
$465.1K
$407.0K – $542.7K
NOI $32,560 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$504.6K
$441.6K – $588.7K
NOI $35,324 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 19141, PA
31,047
Population
16,290
Households
1.9
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
1.7 sq mi
ZIP Area
18,263
Density / Sq Mi
$42,461
Median Household Income
$34,464
Median Earnings
$1,009
Median Rent
$143,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Established residential income asset with on-street parking and gas-fired water heating.
Where is this residential income property located?
The property is located at 1314 W ROCKLAND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,500.
What are key features of this property?
This property features: Residential income property in Philadelphia County; Built in 1935; RTA1 zoning designation
