Logan Square Six-Unit Multifamily
142 North 21st Street Philadelphia, PA 19103
For Sale
$1,295,000
Six-unit multifamily building in Philadelphia's desirable Logan Square neighborhood.
Property Size3,143 SF
Lot Size0.05 Acres
Price / SF$412.03
Days on Market178
Property Features for 142 North 21st Street
General Information
- Standard status
- Active
- Size
- 3,143 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1908
Listing Agency:
Compass
(215) 779-5765
Listed By:
Lisie Abrams · License #RS316531
(215) 779-5765
Source:
Compass
Added: Jan 27
Changed: Jul 10
Last Checked: Jul 23 at 10:05AM
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 Compass
Investment Insights
Based on property information with market context.
Located in Philadelphia’s Logan Square neighborhood, this six-unit multifamily apartment building at 142 North 21st Street offers an investment opportunity. The building contains 3,143 square feet of living space on a 2,119 square foot lot. It features four one-bedroom units and two studio apartments. The building retains architectural integrity, with 8-foot high ceilings and a full basement. The units are spacious and airy with tall bay windows, offering customization potential. Some apartments have updated kitchens with gas range ovens and garbage disposals. Other elements include exposed brick, ceiling fans, wall unit A/C, and built-ins. A private yard is available, and shared laundry is an option for tenants. Logan Square is known for its walkability and transit, earning a "Walker's Paradise" rating with a WalkScore of 97 and a "Rider's Paradise" TransitScore of 100. The central location provides access to the Franklin Institute, Rittenhouse Square, Logan Square, the Art Museum, and Kelly Drive. The building is a rental investment with potential for value add through unit updates. Basement storage lockers/cages are available for all tenants. The yard is included with Apt 1-R. Parking is street-only. Tenants pay for heat (electric baseboard), gas (stove), and electricity. The owner pays for water, sewer, and trash. Separate meters are installed for all apartments.
Key Highlights
- Prime Logan Square Location: Top‑ranked Philadelphia neighborhood with exceptional walkability (Walk Score of 97) and public transit access (Transit Score of 100).
- Six‑Unit Multifamily Building: Features four one‑bedroom units and two studio apartments.
- Value‑Add Potential: Opportunity to increase rental income by updating units.
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 | $95.4k | $30.36 |
| − Vacancy | −$5.5k | −$1.76 |
| EGI | $89.9k | $28.60 |
| − OpEx | −$40.4k | −$12.87 |
| NOI | $49.4k | $15.73 |
3,143 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$706.3K
$618.0K – $824.0K
NOI $49,438 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$766.2K
$670.4K – $893.9K
NOI $53,635 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six-unit multifamily building in Philadelphia's desirable Logan Square neighborhood.
Where is this apartment building located?
The property is located at 142 North 21st Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Prime Logan Square Location: Top‑ranked Philadelphia neighborhood with exceptional walkability (Walk Score of 97) and public transit access (Transit Score of 100).; Six‑Unit Multifamily Building: Features four one‑bedroom units and two studio apartments.; Value‑Add Potential: Opportunity to increase rental income by updating units.
