5-Unit Apartment
New
For Sale
$795,000
1423 Tasker St, Philadelphia, PA 19145
The property requires renovation and updating, with access to public transportation and nearby neighborhood businesses.
Property Size3,055 SF
Price / SF$260.23
Days on Market4
Property Features for 1423 Tasker St
General Information
Standard status
Active
Size
3,055 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
The building needs work and updating
Site & Location
Neighborhood
Newbold
Public Transit
Yes
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$5,095
Building Details
Buildings
1
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Nicholas DeLuca · License #RS330302
(215) 208-0228
Source:
Exprealty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 4:59PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit apartment building at 1423 Tasker Street in Philadelphia requires work and updating. Its existing configuration provides five residential units within one building.
The property is in South Philadelphia, with public transportation access and neighborhood businesses nearby.
The property is in South Philadelphia, with public transportation access and neighborhood businesses nearby.
Key Highlights
- Five residential units in one building
- Building requires work and updating
- Located on Tasker Street in South Philadelphia, Philadelphia, PA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,054
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,080
$961.1K
Cap Rate 7%
$686,486
$686.5K
Cap Rate 9%
$533,933
$533.9K
Market Conditions
NOI Build-Up for 3,055 SF
Gross rent
$92.7K $30.36/SF
− Vacancy
−$5.4K −$1.76/SF
EGI
$87.4K $28.60/SF
− OpEx
−$39.3K −$12.87/SF
NOI
$48.1K $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%
$961,080
Cap Rate 7%
$686,486
Cap Rate 9%
$533,933
Alternative Uses
Best Use
Apartment 5plus
$686.5K
$600.7K – $800.9K
NOI $48,054 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$744.8K
$651.7K – $868.9K
NOI $52,133 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
4,093
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
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?
Apartment building - The property requires renovation and updating, with access to public transportation and nearby neighborhood businesses.
Where is this apartment building located?
The property is located at 1423 Tasker St Philadelphia, PA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Five residential units in one building; Building requires work and updating; Located on Tasker Street in South Philadelphia, Philadelphia, PA
