Open-Plan Residential Income
For Sale
$105,000
1324 LOCUST STREET Unit 308, Philadelphia, PA 19107
The unit has a full bathroom and an open-plan interior.
Property Size318 SF
Price / SF$330.19
Days on Market452
Property Features for 1324 LOCUST STREET Unit 308
General Information
Standard status
Active
Size
318 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,250
Amenities
fitness center
exercise room
air conditioning
alarm system
Building Details
Building Size
318 SF
Year Built
1900
Construction
masonry
Listing Agency:
Winder Real Estate Inc
Listed By:
Lamar Bernheim · License #RS369757
(267) 602-0133
Source:
Wagnerrealestate
Added: Aug 11, 2025
Changed: Nov 2
Last Checked: Nov 5 at 10:07AM
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 Winder Real Estate Inc
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Investment Insights
Based on property information with market context.
This 318-square-foot residential unit has an open layout and a full bathroom. It is located in a high-rise building constructed in 1900 with masonry construction. Residents have access to a fitness center. The association covers air conditioning, an alarm system, and ground fees.
The property is at 1324 Locust Street, Unit 308, in Philadelphia.
The property is at 1324 Locust Street, Unit 308, in Philadelphia.
Key Highlights
- 318‑square‑foot unit with an open layout and full bathroom
- High‑rise masonry building constructed in 1900
- Fitness center in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,002
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$100,040
$100.0K
Cap Rate 7%
$71,457
$71.5K
Cap Rate 9%
$55,578
$55.6K
Market Conditions
NOI Build-Up for 318 SF
Gross rent
$9.7K $30.36/SF
− Vacancy
−$560 −$1.76/SF
EGI
$9.1K $28.60/SF
− OpEx
−$4.1K −$12.87/SF
NOI
$5.0K $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%
$100,040
Cap Rate 7%
$71,457
Cap Rate 9%
$55,578
Alternative Uses
Best Use
Apartment 5plus
$71.5K
$62.5K – $83.4K
NOI $5,002 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$77.5K
$67.8K – $90.5K
NOI $5,427 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
26,359
Businesses Nearby
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit has a full bathroom and an open-plan interior.
Where is this residential income property located?
The property is located at 1324 LOCUST STREET Unit 308 Philadelphia, PA.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: 318‑square‑foot unit with an open layout and full bathroom; High‑rise masonry building constructed in 1900; Fitness center in the building
