Eight-Unit Apartment Building with
New
For Sale
$1,495,000
1505 N 17TH STREET, Philadelphia, PA 19121
All residences are leased through July 2027, and each has its own laundry and climate-control equipment.
Property Size10,375 SF
Price / SF$144.10
Days on Market6
Property Features for 1505 N 17TH STREET
General Information
Standard status
Active
Size
10,375 SF
Elevators
Yes
Property subtype
Commercial
Occupancy
100%
Financials
Cap Rate
9.41%
Gross Income
$161,940
Site & Location
Neighborhood
North Philadelphia
Units
Unit Mix
2 x 3BR/3BA, 6 x 2BR/2BA
Multifamily Units
8
Additional Details
Tenant in Place
Yes
Amenities
in-unit washer/dryer
central heating and air conditioning
intercom system
security cameras
keyless entry
individual alarm system
exterior floodlights
Building Details
Year Built
2021
Stories
4
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Michael Coleman
(484) 942-6266
Source:
Cummingsrealtors
Added: Oct 25
Changed: Oct 29
Last Checked: Oct 28 at 7:02AM
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 Keller Williams Realty Devon-Wayne
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Investment Insights
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Completed in 2021, this four-story apartment property in Philadelphia contains eight residences and has elevator service. The unit mix includes two three-bedroom, three-bathroom apartments and six two-bedroom, two-bathroom apartments. Each residence has a washer and dryer, an individual water heater, and dedicated electric HVAC for central heating and air conditioning. Keypad access serves the building entrance and each apartment, with an intercom for visitor entry. Cameras monitor interior corridors and the exterior; apartments also have individual tenant-activated alarms.
All eight apartments are leased through July 2027. The property has five years remaining on its tax abatement and a stated 9.41% cap rate. Street parking is available in front of the building, subject to space and posted restrictions.
All eight apartments are leased through July 2027. The property has five years remaining on its tax abatement and a stated 9.41% cap rate. Street parking is available in front of the building, subject to space and posted restrictions.
Key Highlights
- Eight apartments across four floors; completed in 2021
- Unit mix: two three‑bedroom, three‑bathroom apartments and six two‑bedroom, two‑bathroom apartments
- All residences leased through July 2027
Property Analytics
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Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,243
Businesses Nearby
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Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - All residences are leased through July 2027, and each has its own laundry and climate-control equipment.
Where is this apartment building located?
The property is located at 1505 N 17TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Eight apartments across four floors; completed in 2021; Unit mix: two three‑bedroom, three‑bathroom apartments and six two‑bedroom, two‑bathroom apartments; All residences leased through July 2027
