5-Unit Apartment
For Sale
$699,900
1305 N 15th St, Philadelphia, PA 19121
Updated, fully occupied property with a studio, one-bedroom, and two-bedroom unit mix.
Property Size3,033 SF
Price / SF$230.76
Days on Market88
Property Features for 1305 N 15th St
General Information
Standard status
Active
Size
3,033 SF
Property subtype
Multi-Family
Building Details
Year Built
1915
Listing Agency:
Keller Williams Real Estate-Montgomeryville
Listed By:
Erin M. Thompson · License #AB068517
(610) 724-5702
Source:
Bethsamberg
Added: Jul 14
Changed: Oct 2
Last Checked: Oct 7 at 5:46PM
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 Keller Williams Real Estate-Montgomeryville
Investment Insights
Based on property information with market context.
Located at 1305 N 15TH ST in Philadelphia, this 3,033-square-foot apartment building contains five residential units. The configuration includes two studio units, two one-bedroom units, and one two-bedroom unit, providing a varied mix within a compact multifamily asset. Improvements have been completed throughout the building, and all five units are currently rented. The property also includes laundry facilities, adding an on-site amenity for residents. This offering combines a defined unit mix, updated interiors, and current occupancy in a single apartment building.
Key Highlights
- Five‑unit apartment building at 1305 N 15TH ST, Philadelphia, PA 19121
- 3,033‑square‑foot building with five residential units
- Unit mix includes two studios, two 1‑bedroom units, and one 2‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,708
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,160
$954.2K
Cap Rate 7%
$681,543
$681.5K
Cap Rate 9%
$530,089
$530.1K
Market Conditions
NOI Build-Up for 3,033 SF
Gross rent
$92.1K $30.36/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$86.7K $28.60/SF
− OpEx
−$39.0K −$12.87/SF
NOI
$47.7K $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%
$954,160
Cap Rate 7%
$681,543
Cap Rate 9%
$530,089
Alternative Uses
Best Use
Apartment 5plus
$681.5K
$596.4K – $795.1K
NOI $47,708 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$739.4K
$647.0K – $862.6K
NOI $51,758 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,767
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated, fully occupied property with a studio, one-bedroom, and two-bedroom unit mix.
Where is this apartment building located?
The property is located at 1305 N 15th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Five‑unit apartment building at 1305 N 15TH ST, Philadelphia, PA 19121; 3,033‑square‑foot building with five residential units; Unit mix includes two studios, two 1‑bedroom units, and one 2‑bedroom unit
