Licensed Short-Term Rental
For Sale
$1,975,000
1421 N Front St, Philadelphia, PA 19122
Fully furnished, operational apartment property with central air and shared landscaped patio access.
Property Size7,560 SF
Price / SF$261.24
Days on Market182
Property Features for 1421 N Front St
General Information
Standard status
Active
Size
7,560 SF
Units
Unit Mix
4 x open layout, 2 x 2BR/2BA
Multifamily Units
6
Additional Details
Furnished
Yes
Amenities
rear patio
Building Details
Year Built
2019
Buildings
1
Stories
4
Listing Agency:
MSC Retail, Inc.
Listed By:
Josh Weiss · License #RS324559
(215) 568-2600
Source:
Upgradebymichaud
Added: Apr 24
Changed: Oct 7
Last Checked: Oct 21 at 1:41AM
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 MSC Retail, Inc.
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Investment Insights
Based on property information with market context.
Constructed in 2019, this licensed short-term rental property at 1421 N Front Street includes six furnished apartments within a 7,560-square-foot building. Four units occupy the first and second floors, while the upper levels contain two bi-level two-bedroom, two-bathroom residences. The interiors feature open layouts, 10-foot ceilings, central air, natural light, and contemporary finishes. Furniture, fixtures, and equipment convey with the sale, excluding management-branded materials.
The 27-foot-wide building sits on a 27.00 x 70.00 parcel in Philadelphia's Fishtown neighborhood. A landscaped rear patio is available to all units, and parking is provided on street. The property is surrounded by destination restaurants and nightlife, with short-term rental operations already in place.
The 27-foot-wide building sits on a 27.00 x 70.00 parcel in Philadelphia's Fishtown neighborhood. A landscaped rear patio is available to all units, and parking is provided on street. The property is surrounded by destination restaurants and nightlife, with short-term rental operations already in place.
Key Highlights
- Licensed and operational short‑term rental property at 1421 N Front Street, Philadelphia, PA 19122
- Six furnished apartments in a 7,560‑square‑foot building constructed in 2019
- Four open‑layout units on the first and second floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,915
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,378,300
$2.4M
Cap Rate 7%
$1,698,786
$1.7M
Cap Rate 9%
$1,321,278
$1.3M
Market Conditions
NOI Build-Up for 7,560 SF
Gross rent
$229.5K $30.36/SF
− Vacancy
−$13.3K −$1.76/SF
EGI
$216.2K $28.60/SF
− OpEx
−$97.3K −$12.87/SF
NOI
$118.9K $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%
$2,378,300
Cap Rate 7%
$1,698,786
Cap Rate 9%
$1,321,278
Alternative Uses
Best Use
Apartment 5plus
$1.70M
$1.49M – $1.98M
NOI $118,915 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.84M
$1.61M – $2.15M
NOI $129,011 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,513
Businesses Nearby
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Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished, operational apartment property with central air and shared landscaped patio access.
Where is this short term rental property located?
The property is located at 1421 N Front St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Licensed and operational short‑term rental property at 1421 N Front Street, Philadelphia, PA 19122; Six furnished apartments in a 7,560‑square‑foot building constructed in 2019; Four open‑layout units on the first and second floors
