Academy House Residential
For Sale
$177,600
1420 LOCUST STREET Unit 12B, Philadelphia, PA 19102
Sunny junior one-bedroom with separate sleeping area, generous storage, and access to extensive resident amenities.
Property Size521 SF
Days on Market74
Property Features for 1420 LOCUST STREET Unit 12B
General Information
Standard status
Active
Size
521 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,477
Amenities
fitness center
gym
indoor heated pool
hot tub
sauna
24/7 doorman
security
package room
outdoor terrace
sundeck
community room
on-floor laundry
on-site parking garage
Building Details
Building Size
521 SF
Year Built
1977
Listing Agency:
Bernard D Faigenbaum Real Estate Broker
(215) 569-9000
Listed By:
Bernard D Faigenbaum · License #SB065493
(215) 569-9000
Source:
Patmckennarealtors
Added: May 23
Changed: Aug 4
Last Checked: Aug 4 at 6:19AM
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 Bernard D Faigenbaum Real Estate Broker
Investment Insights
Based on property information with market context.
This Academy House unit offers a junior one-bedroom layout with a distinct sleeping area, eastern exposure, and oversized windows in the living and dining space. Storage includes a walk-in-style coat closet near the foyer, a linen closet, and bedroom closets. The bathroom features a recently retiled tub surround, while laundry facilities are located on the same floor. Utilities are included except cable and internet. The residence was built in 1977.
Residents have access to an indoor heated pool, fitness center, gym, hot tub, sauna, community room, landscaped terrace, and sundeck. Building services include a 24/7 doorman, security, and a package room. On-site garage parking is available to residents at a discounted monthly fee. The property is in Center City, with access to Rittenhouse Square, the Avenue of the Arts, public transportation, dining, and shopping.
Residents have access to an indoor heated pool, fitness center, gym, hot tub, sauna, community room, landscaped terrace, and sundeck. Building services include a 24/7 doorman, security, and a package room. On-site garage parking is available to residents at a discounted monthly fee. The property is in Center City, with access to Rittenhouse Square, the Avenue of the Arts, public transportation, dining, and shopping.
Key Highlights
- Junior one‑bedroom layout with separate bedroom and dedicated storage areas
- Eastern exposure with oversized windows in the living and dining area
- Indoor heated pool, fitness center, gym, hot tub, and sauna
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 | $15.8k | $30.36 |
| − Vacancy | −$917 | −$1.76 |
| EGI | $14.9k | $28.60 |
| − OpEx | −$6.7k | −$12.87 |
| NOI | $8.2k | $15.73 |
521 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$117.1K
$102.4K – $136.6K
NOI $8,195 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$127.0K
$111.1K – $148.2K
NOI $8,891 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
25,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 19102, PA
7,568
Population
4,606
Households
1.6
Avg Household Size
32
Median Age
87%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
37,840
Density / Sq Mi
$114,844
Median Household Income
$79,552
Median Earnings
$2,249
Median Rent
$412,200
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Sunny junior one-bedroom with separate sleeping area, generous storage, and access to extensive resident amenities.
Where is this residential income property located?
The property is located at 1420 LOCUST STREET Unit 12B Philadelphia, PA.
What is the asking price?
The asking price for this property is $177,600.
What are key features of this property?
This property features: Junior one‑bedroom layout with separate bedroom and dedicated storage areas; Eastern exposure with oversized windows in the living and dining area; Indoor heated pool, fitness center, gym, hot tub, and sauna
