Residential Income Property With
For Sale
$340,000
13675 PHILMONT AVENUE #15, Philadelphia, PA 19116
Two-story residence with flexible loft space, private balcony, in-unit laundry, and assigned parking.
Property Size1,954 SF
Price / SF$174
Days on Market36
Property Features for 13675 PHILMONT AVENUE #15
General Information
Standard status
Active
Size
1,954 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
private balcony
in-unit laundry
central air
Central A/C
90% Forced Air
Dishwasher
Disposal
Refrigerator
Stainless Steel Appliances
Cable TV Available, Multiple Phone Lines, Natural Gas Available, Sewer Available, Water Available
Building Details
Year Built
2006
Stories
2
Listing Agency:
Keller Williams Real Estate Tri-County
Listed By:
Alia Asanova · License #RS333835
(267) 574-2927
Source:
Kw
Added: Aug 1
Changed: Sep 4
Last Checked: Sep 4 at 5:02PM
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 Tri-County
Investment Insights
Based on property information with market context.
This two-story residential income property occupies the second floor and provides approximately 1,954 square feet of living space. The layout includes two bedrooms, two full bathrooms, and a loft that can function as an office, family room, or potential third bedroom. Vaulted ceilings, recessed lighting, and hardwood flooring define the main living area, while the kitchen includes ample cabinetry, a center island, and a full appliance package. The primary suite offers a walk-in closet and private en-suite bath.
Additional features include a private balcony, central air, a brand-new washer and dryer, in-unit laundry with extra storage, one assigned parking space, and guest parking. Water is included, with no snow removal or lawn care responsibilities. The property is near Bustleton Avenue, Route 1, the PA Turnpike, shopping, dining, and Somerton Train Station, which provides direct access to Center City Philadelphia. The home was built in 2006.
Additional features include a private balcony, central air, a brand-new washer and dryer, in-unit laundry with extra storage, one assigned parking space, and guest parking. Water is included, with no snow removal or lawn care responsibilities. The property is near Bustleton Avenue, Route 1, the PA Turnpike, shopping, dining, and Somerton Train Station, which provides direct access to Center City Philadelphia. The home was built in 2006.
Key Highlights
- Approximately 1,954 square feet with two bedrooms, two full bathrooms, and a versatile loft
- Two‑story, second‑floor layout with vaulted ceilings and hardwood flooring in the main living area
- Kitchen features ample cabinetry, a center island, and a full appliance package
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
$30,735
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
9.04%
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%
$614,700
$614.7K
Cap Rate 7%
$439,071
$439.1K
Cap Rate 9%
$341,500
$341.5K
Market Conditions
NOI Build-Up for 1,954 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
$59.3K $30.36/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$55.9K $28.60/SF
− OpEx
−$25.1K −$12.87/SF
NOI
$30.7K $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 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%
$614,700
Cap Rate 7%
$439,071
Cap Rate 9%
$341,500
Alternative Uses
Best Use
Apartment 5plus
$439.1K
$384.2K – $512.3K
NOI $30,735 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$476.4K
$416.8K – $555.8K
NOI $33,345 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 19116, PA
35,610
Population
14,166
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,848
Density / Sq Mi
$67,558
Median Household Income
$43,817
Median Earnings
$1,214
Median Rent
$321,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-story residence with flexible loft space, private balcony, in-unit laundry, and assigned parking.
Where is this residential income property located?
The property is located at 13675 PHILMONT AVENUE #15 Philadelphia, PA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Approximately 1,954 square feet with two bedrooms, two full bathrooms, and a versatile loft; Two‑story, second‑floor layout with vaulted ceilings and hardwood flooring in the main living area; Kitchen features ample cabinetry, a center island, and a full appliance package
