Tenant-Occupied Residential
For Sale
$368,900
13675 PHILMONT AVENUE Unit 40, Philadelphia, PA 19116
An existing lease runs through August 10, 2027, with Somerton Train Station within walking distance.
Property Size1,954 SF
Price / SF$188.79
Days on Market193
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
Neighborhood
Northeast Philadelphia
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,318
Amenities
in-unit laundry
private balcony
central air
guest parking
Building Details
Building Size
1,954 SF
Year Built
2006
Tenancy
Single
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Apr 22
Changed: Oct 26
Last Checked: Oct 31 at 1:29PM
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 Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,954-square-foot, two-story condominium sits on the second floor and was built in 2006. The layout includes two bedrooms, a loft, and two full bathrooms. Interior features include vaulted ceilings, hardwood flooring in the main living area, a kitchen island, and a primary suite with a walk-in closet and private bath. The unit also has in-unit laundry, a private balcony, central air, and one assigned parking space. The property is tenant-occupied under a lease through August 10, 2027.
Bustleton Avenue, Route 1, the Pennsylvania Turnpike, shopping, and dining are nearby. Somerton Train Station is within walking distance and provides direct access to Center City.
Bustleton Avenue, Route 1, the Pennsylvania Turnpike, shopping, and dining are nearby. Somerton Train Station is within walking distance and provides direct access to Center City.
Key Highlights
- 1,954 square feet in a two‑story, second‑floor condominium
- Two bedrooms, a loft, and two full bathrooms
- Tenant‑occupied through August 10, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,735
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
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
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 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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - An existing lease runs through August 10, 2027, with Somerton Train Station within walking distance.
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: 1,954 square feet in a two‑story, second‑floor condominium; Two bedrooms, a loft, and two full bathrooms; Tenant‑occupied through August 10, 2027
