Corner Multifamily
For Sale
$550,000
1447 S 9th St, Philadelphia, PA 19147
Multifamily asset offered in as-is condition with zoning changes, if required, to be obtained by the buyer.
Property Size3,179 SF
Price / SF$173.01
Days on Market81
Property Features for 1447 S 9th St
General Information
Standard status
Active
Size
3,179 SF
Property subtype
Multi-Family
Building Details
Year Built
1915
Listing Agency:
Central Realty Group LLC
Listed By:
Qianqiong Xie · License #RS-287696
(856) 308-6388
Source:
Upgradebymichaud
Added: Aug 3
Changed: Oct 11
Last Checked: Oct 21 at 12:10AM
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 Central Realty Group LLC
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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 corner multifamily property at 1447 S 9th St in Philadelphia, Pennsylvania, was built in 1915. The property is offered in as-is condition, and the buyer is responsible for obtaining any zoning changes that may be required.
The asset is located in the 19147 ZIP code and is being offered for sale. Property size is reported as 3,179.
The asset is located in the 19147 ZIP code and is being offered for sale. Property size is reported as 3,179.
Key Highlights
- Corner multifamily property
- 3,179 reported property size
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,004
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,080
$1.0M
Cap Rate 7%
$714,343
$714.3K
Cap Rate 9%
$555,600
$555.6K
Market Conditions
NOI Build-Up for 3,179 SF
Gross rent
$96.5K $30.36/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$90.9K $28.60/SF
− OpEx
−$40.9K −$12.87/SF
NOI
$50.0K $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%
$1,000,080
Cap Rate 7%
$714,343
Cap Rate 9%
$555,600
Alternative Uses
Best Use
Apartment 5plus
$714.3K
$625.1K – $833.4K
NOI $50,004 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$775.0K
$678.1K – $904.2K
NOI $54,249 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,201
Businesses Nearby
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Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily asset offered in as-is condition with zoning changes, if required, to be obtained by the buyer.
Where is this multifamily property located?
The property is located at 1447 S 9th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Corner multifamily property; 3,179 reported property size; Built in 1915
