One-Bedroom Condominium with
For Sale
$325,000
Pending
1420 LOCUST STREET Unit 18D, Philadelphia, PA 19102
The full-service building offers a gym, lap pool, package delivery room, and valet garage parking.
Property Size865 SF
Days on Market32
Property Features for 1420 LOCUST STREET Unit 18D
General Information
Standard status
Pending
Size
865 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,157
Amenities
gym
lap pool
package delivery room
private balcony/terrace
storage cage
Building Details
Building Size
865 SF
Year Built
1977
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Scott Neifeld · License #RS202694L
(215) 275-3040
Source:
Patmckennarealtors
Added: Oct 1
Changed: Oct 31
Last Checked: Nov 1 at 11:14AM
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 Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This one-bedroom condominium at Academy House features one full bath and a separate half bath, an east-facing balcony, wood floors, and multiple closets. The open galley kitchen has stone countertops and stainless steel appliances, with the dining area and living room adjoining. A stackable washer and dryer and a vestibule with a coat closet add practical features. The building was constructed in 1977.
Residents have access to the building’s gym, lap pool, and lobby package delivery room. The condominium fee includes utilities, heat, air conditioning, and water. Valet garage parking is available within the building.
Residents have access to the building’s gym, lap pool, and lobby package delivery room. The condominium fee includes utilities, heat, air conditioning, and water. Valet garage parking is available within the building.
Key Highlights
- One bedroom, one full bath, and a separate half bath
- East‑facing private balcony
- Open galley kitchen with stone countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,606
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,120
$272.1K
Cap Rate 7%
$194,371
$194.4K
Cap Rate 9%
$151,178
$151.2K
Market Conditions
NOI Build-Up for 865 SF
Gross rent
$26.3K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$24.7K $28.60/SF
− OpEx
−$11.1K −$12.87/SF
NOI
$13.6K $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%
$272,120
Cap Rate 7%
$194,371
Cap Rate 9%
$151,178
Alternative Uses
Best Use
Apartment 5plus
$194.4K
$170.1K – $226.8K
NOI $13,606 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$210.9K
$184.5K – $246.0K
NOI $14,761 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
25,331
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The full-service building offers a gym, lap pool, package delivery room, and valet garage parking.
Where is this residential income property located?
The property is located at 1420 LOCUST STREET Unit 18D Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: One bedroom, one full bath, and a separate half bath; East‑facing private balcony; Open galley kitchen with stone countertops and stainless steel appliances
