Residential Income Property With
For Sale
$368,900
13675 PHILMONT AVENUE Unit 40, Philadelphia, PA 19116
Two-story residence with flexible loft space, private balcony, in-unit laundry, and assigned parking.
Property Size1,954 SF
Price / SF$188.79
Days on Market104
Property Features for 13675 PHILMONT AVENUE Unit 40
General Information
Standard status
Active
Size
1,954 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,318
Amenities
private balcony
in-unit laundry
central air
Building Details
Building Size
1,954 SF
Year Built
2006
Stories
2
Listing Agency:
Market Force Realty
(215) 939-7690
Listed By:
Alexandra Tsishchanka · License #RS374587
(215) 939-7690
Source:
Lizclarkrealestate
Added: Apr 22
Changed: Aug 2
Last Checked: Aug 3 at 11:20AM
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 Market Force Realty
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 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 | $59.3k | $30.36 |
| − Vacancy | −$3.4k | −$1.76 |
| EGI | $55.9k | $28.60 |
| − OpEx | −$25.1k | −$12.87 |
| NOI | $30.7k | $15.73 |
1,954 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$439.1K
$384.2K – $512.3K
NOI $30,735 @ 7.0% cap · market cap 8.33%
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 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
$321,400
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
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 Unit 40 Philadelphia, PA.
What is the asking price?
The asking price for this property is $368,900.
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
