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Elevator-Served Apartment Building
New
For Sale
$1,495,000

150500 N 17th Street, Philadelphia, PA 19121

Eight residences are leased through July 2027, with a mix of two- and three-bedroom layouts.

Property Size10,375 SF
Price / SF$144.10
Days on Market4

Property Features for 150500 N 17th Street

General Information

Standard status Active
Size 10,375 SF
Elevators Yes
Property subtype Multi-family
Occupancy 100%
Lease Term []

Financials

Cap Rate 9.41%
Gross Income $161,940

Site & Location

Neighborhood Northwest 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
keyless entry
intercom
security cameras
exterior floodlights
individual alarm systems
central air conditioning and heating

Building Details

Year Built 2021
Buildings 1
Stories 4
Tenancy Multi
Listing Agency: Keller Williams Realty Devon-Wayne
Listed By: Michael Coleman
Source: Deepcreeklake
Added: Oct 22 Changed: Oct 25 Last Checked: Oct 25 at 2:37AM

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

Based on property information with market context.

Completed in 2021, this four-story, eight-unit apartment property includes elevator service. The unit mix consists of two apartments with three bedrooms and three bathrooms each, plus six apartments with two bedrooms and two bathrooms each. Every residence has a washer and dryer, an individual water heater, and a dedicated HVAC system for central heating and air conditioning. Building entry and apartment doors use coded keypads, with an intercom at the main entrance; cameras cover interior hallways and the exterior, and each apartment has an individual alarm system.

All eight apartments are leased through July 2027. The property also has five years remaining on its 10-year tax abatement. Electrical service powers the appliances and the heating, cooling, and water-heating systems.

Key Highlights

  • Eight apartments, all leased through July 2027
  • Unit mix: two 3‑bedroom, 3‑bathroom apartments and six 2‑bedroom, 2‑bathroom apartments
  • Completed in 2021; four stories with an elevator

Property Analytics

Lease Details

8
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,202
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Eight residences are leased through July 2027, with a mix of two- and three-bedroom layouts.
Where is this apartment building located?
The property is located at 150500 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, all leased through July 2027; Unit mix: two 3‑bedroom, 3‑bathroom apartments and six 2‑bedroom, 2‑bathroom apartments; Completed in 2021; four stories with an elevator
More about this property
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