Three-Unit Multifamily
For Sale
$669,000
1316 North 18th Street, Philadelphia, PA 19121
RSA5-zoned residential income property with voucher and market-rate tenant occupancy.
Property Size2,685 SF
Price / SF$249.16
Days on Market275
Property Features for 1316 North 18th Street
General Information
Standard status
Active
Size
2,685 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA5
Net Operating Income
$55,298
Additional Details
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$2,103
Amenities
No
https://123mainstreetusa.my.canva.site/francisville-porfolio
No Pool
Building Details
Year Built
2018
Buildings
5
Listing Agency:
KW Empower
Listed By:
Richard K Cassell · License #RS330536
(267) 813-2985
Source:
Compass
Added: Jan 21
Changed: Oct 10
Last Checked: Oct 20 at 11:36PM
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.
This Philadelphia triplex was built in 2018 and contains 2,685 square feet of above-grade and below-grade space. The property is located at 1316 North 18th Street in the 19121 area and is designated RSA5 zoning.
The existing tenant mix includes both voucher and market-rate residents. Remaining abatements are identified as ranging from 2 to 7 years. The property is offered as an individual multifamily asset, with additional portfolio properties referenced separately in the marketing information.
The existing tenant mix includes both voucher and market-rate residents. Remaining abatements are identified as ranging from 2 to 7 years. The property is offered as an individual multifamily asset, with additional portfolio properties referenced separately in the marketing information.
Key Highlights
- Triplex with 2,685 square feet of property size
- Built in 2018
- RSA5 zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,819
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,380
$916.4K
Cap Rate 7%
$654,557
$654.6K
Cap Rate 9%
$509,100
$509.1K
Market Conditions
NOI Build-Up for 2,685 SF
Gross rent
$69.3K $25.80/SF
− Vacancy
−$3.8K −$1.42/SF
EGI
$65.5K $24.38/SF
− OpEx
−$19.6K −$7.31/SF
NOI
$45.8K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,380
Cap Rate 7%
$654,557
Cap Rate 9%
$509,100
Alternative Uses
Best Use
Multifamily LT 5
$654.6K
$572.7K – $763.7K
NOI $45,819 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$603.3K
$527.9K – $703.9K
NOI $42,234 @ 7.0% cap · market cap 6.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
3,121
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - RSA5-zoned residential income property with voucher and market-rate tenant occupancy.
Where is this triplex located?
The property is located at 1316 North 18th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Triplex with 2,685 square feet of property size; Built in 2018; RSA5 zoning designation
