Residential Income
New
For Sale
$299,000
1425 LOCUST STREET Unit 18B, Philadelphia, PA 19102
The two-bedroom, two-bath unit is occupied by a tenant through January 31, 2027.
Property Size1,243 SF
Days on Market3
Property Features for 1425 LOCUST STREET Unit 18B
General Information
Standard status
Active
Size
1,243 SF
Property subtype
Unit/Flat/Apartment
Occupancy
100%
Site & Location
Neighborhood
Center City
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,329
Amenities
pet friendly
full service
doorman building
on-site property management
owner's lounge
guest suite
fitness center
business center
bike room
dog walk area
Building Details
Building Size
1,243 SF
Year Built
1900
Tenancy
Single
Listing Agency:
Kurfiss Sotheby's International Realty
Listed By:
Melanie M Stecura · License #RS303677
(917) 757-4309
Source:
Patmckennarealtors
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:35PM
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 Kurfiss Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Located on a high floor of The Aria Condominium, this two-bedroom, two-bath residence has window walls that bring in natural light. The unit is tenant-occupied through January 31, 2027. The condo fee covers all utilities except electricity and cable or internet service.
The full-service, pet-friendly building has a doorman and on-site property management, along with an owner's lounge, guest suite, fitness center, business center, bike room and dog walk area. Multiple parking garages are less than one block away.
The full-service, pet-friendly building has a doorman and on-site property management, along with an owner's lounge, guest suite, fitness center, business center, bike room and dog walk area. Multiple parking garages are less than one block away.
Key Highlights
- Two bedrooms and two bathrooms
- Tenant occupancy through January 31, 2027
- Condo fee includes all utilities except electricity and cable/internet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,552
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,040
$391.0K
Cap Rate 7%
$279,314
$279.3K
Cap Rate 9%
$217,244
$217.2K
Market Conditions
NOI Build-Up for 1,243 SF
Gross rent
$37.7K $30.36/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$35.5K $28.60/SF
− OpEx
−$16.0K −$12.87/SF
NOI
$19.6K $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%
$391,040
Cap Rate 7%
$279,314
Cap Rate 9%
$217,244
Alternative Uses
Best Use
Apartment 5plus
$279.3K
$244.4K – $325.9K
NOI $19,552 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$303.0K
$265.2K – $353.5K
NOI $21,212 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Yes
Utilities to site
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath unit is occupied by a tenant through January 31, 2027.
Where is this residential income property located?
The property is located at 1425 LOCUST STREET Unit 18B Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Tenant occupancy through January 31, 2027; Condo fee includes all utilities except electricity and cable/internet
