Six-Unit Apartment
For Sale
$1,349,999
1342 MARSTON STREET, Philadelphia, PA 19121
Adaptive-reuse multifamily property with updated residential finishes, in-unit laundry, and high-efficiency HVAC systems.
Property Size6,021 SF
Price / SF$224.22
Days on Market8
Property Features for 1342 MARSTON STREET
General Information
Standard status
Active
Size
6,021 SF
Property subtype
Multi-Family
Units
Unit Mix
6 x 2bd
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$3,165
Amenities
ceiling fans
oversized windows
high ceilings
pendant lighting
stainless appliances
washer-dryer combos
LVP flooring
high efficiency HVAC systems
3
Vinyl
Intercom System
Flat
No Parking.
City
19.00 x 100.00
Urban.
Building Details
Year Built
1925
Buildings
1
Stories
3
Construction
brick
Listing Agency:
(610) 606-1095
Listed By:
Keller Williams Liberty Place
(610) 606-1095
Source:
Xome
Added: Jul 27
Changed: Aug 2
Last Checked: Aug 3 at 3:53AM
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 Liberty Place
Investment Insights
Based on property information with market context.
This 1925 adaptive-reuse brick apartment building contains six 2-bedroom residences. The units feature stainless steel appliances, washer-dryer combinations, LVP flooring, pendant lighting, ceiling fans, high ceilings, and oversized windows. Kitchens and bathrooms are finished with contemporary materials, while high-efficiency HVAC systems and mechanicals support building operations. An intercom system is also included.
The property is located at 1342 Marston Street in Philadelphia’s Brewerytown submarket, with walkable access to amenities along Girard Avenue and Fairmount Avenue. The surrounding area includes the Museums District, Schuylkill River Trail, Boathouse Row, and Fairmount Park. The offering also includes a 10-year tax abatement. No on-site parking is provided.
The property is located at 1342 Marston Street in Philadelphia’s Brewerytown submarket, with walkable access to amenities along Girard Avenue and Fairmount Avenue. The surrounding area includes the Museums District, Schuylkill River Trail, Boathouse Row, and Fairmount Park. The offering also includes a 10-year tax abatement. No on-site parking is provided.
Key Highlights
- Six 2‑bedroom apartments in one multifamily building
- 6,021 SF property size
- 1925 construction date with adaptive‑reuse brick architecture
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.8k | $30.36 |
| − Vacancy | −$10.6k | −$1.76 |
| EGI | $172.2k | $28.60 |
| − OpEx | −$77.5k | −$12.87 |
| NOI | $94.7k | $15.73 |
6,021 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,707 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.47M
$1.28M – $1.71M
NOI $102,748 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,258
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Adaptive-reuse multifamily property with updated residential finishes, in-unit laundry, and high-efficiency HVAC systems.
Where is this apartment building located?
The property is located at 1342 MARSTON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,349,999.
What are key features of this property?
This property features: Six 2‑bedroom apartments in one multifamily building; 6,021 SF property size; 1925 construction date with adaptive‑reuse brick architecture
