10-Unit Apartment
New
For Sale
$1,250,000
1417-1419 E COLUMBIA AVENUE, Philadelphia, PA 19125
Two connected buildings provide fully occupied rental housing with a mix of studios and one-bedroom apartments.
Property Size5,101 SF
Days on Market5
Property Features for 1417-1419 E COLUMBIA AVENUE
General Information
Standard status
Active
Size
5,101 SF
Property subtype
Five Or More Units
Occupancy
100%
Units
Unit Mix
2 x studio, 8 x 1BR
Multifamily Units
10
Additional Details
Gross Income
$138,912
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,836
Building Details
Building Size
5,101 SF
Year Built
1915
Buildings
2
Tenancy
Multi
Listing Agency:
KW Empower
Listed By:
Michael R. McCann · License #AB049770L
(215) 709-4141
Source:
Patmckennarealtors
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 4 at 4:03PM
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 KW Empower
Investment Insights
Based on property information with market context.
The offering combines two adjoining apartment buildings with 10 occupied units across 5,101 square feet. The unit mix includes two studios and eight one-bedroom apartments. Both buildings date to 1915, and the units are leased.
The property is on E Columbia Avenue in Philadelphia’s Fishtown neighborhood. Restaurants, shops, entertainment, public transportation, and major employment centers are identified as nearby area amenities.
The property is on E Columbia Avenue in Philadelphia’s Fishtown neighborhood. Restaurants, shops, entertainment, public transportation, and major employment centers are identified as nearby area amenities.
Key Highlights
- 10 occupied apartments across two adjoining buildings
- 5,101 square feet combined
- Unit mix: two studios and eight one‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,236
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,604,720
$1.6M
Cap Rate 7%
$1,146,229
$1.1M
Cap Rate 9%
$891,511
$891.5K
Market Conditions
NOI Build-Up for 5,101 SF
Gross rent
$154.9K $30.36/SF
− Vacancy
−$9.0K −$1.76/SF
EGI
$145.9K $28.60/SF
− OpEx
−$65.6K −$12.87/SF
NOI
$80.2K $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%
$1,604,720
Cap Rate 7%
$1,146,229
Cap Rate 9%
$891,511
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,236 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $87,048 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,433
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
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 - Two connected buildings provide fully occupied rental housing with a mix of studios and one-bedroom apartments.
Where is this apartment building located?
The property is located at 1417-1419 E COLUMBIA AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 10 occupied apartments across two adjoining buildings; 5,101 square feet combined; Unit mix: two studios and eight one‑bedroom apartments
