Two-Bedroom Residential Income
For Sale
$399,900
Pending
1508 N MASCHER STREET Unit 3, Philadelphia, PA 19122
Loft-style residence with en-suite bedrooms, modern finishes, in-unit laundry, and central air.
Property Size1,104 SF
Days on Market69
Property Features for 1508 N MASCHER STREET Unit 3
General Information
Standard status
Pending
Size
1,104 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Olde Kensington
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$855
Amenities
exposed brick
beams
concrete floors
oversized windows
quartz countertops
stainless steel appliances
custom California Closets
in-unit washer and dryer
central air
secure building entry
Building Details
Building Size
1,104 SF
Year Built
1900
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Warren R Miller · License #RS319150
(267) 664-1388
Source:
Patmckennarealtors
Added: Aug 25
Changed: Oct 31
Last Checked: Oct 30 at 8:20PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
Unit 3 is a two-bedroom residential income property in a building dating to 1900. The residence combines exposed brick, structural beams, concrete flooring, oversized windows, and abundant natural light with a contemporary open-plan interior. The kitchen includes quartz counters, stainless steel appliances, extensive cabinetry, and a large island. Each bedroom has a private en-suite bathroom and custom California Closets, while the primary suite adds a walk-in closet and glass-enclosed shower. A powder room, in-unit washer and dryer, central air, and secure building entry complete the layout.
The property is located in Philadelphia’s Olde Kensington, near Fishtown’s restaurants, coffee shops, breweries, galleries, music venues, and boutiques. Frankford Avenue and Front Street are nearby, along with the Market-Frankford El for access to Center City. I-95 and I-676 provide regional connectivity.
The residence offers a distinctive combination of historic building elements and updated interior finishes, with private bedroom suites and practical in-home amenities.
The property is located in Philadelphia’s Olde Kensington, near Fishtown’s restaurants, coffee shops, breweries, galleries, music venues, and boutiques. Frankford Avenue and Front Street are nearby, along with the Market-Frankford El for access to Center City. I-95 and I-676 provide regional connectivity.
The residence offers a distinctive combination of historic building elements and updated interior finishes, with private bedroom suites and practical in-home amenities.
Key Highlights
- Two‑bedroom residence with private en‑suite bathrooms
- Exposed brick, beams, concrete floors, and oversized windows
- Kitchen with quartz counters, stainless appliances, cabinetry, and island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,365
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,300
$347.3K
Cap Rate 7%
$248,071
$248.1K
Cap Rate 9%
$192,944
$192.9K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$33.5K $30.36/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$31.6K $28.60/SF
− OpEx
−$14.2K −$12.87/SF
NOI
$17.4K $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%
$347,300
Cap Rate 7%
$248,071
Cap Rate 9%
$192,944
Alternative Uses
Best Use
Apartment 5plus
$248.1K
$217.1K – $289.4K
NOI $17,365 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$269.1K
$235.5K – $314.0K
NOI $18,840 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Loft-style residence with en-suite bedrooms, modern finishes, in-unit laundry, and central air.
Where is this residential income property located?
The property is located at 1508 N MASCHER STREET Unit 3 Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑bedroom residence with private en‑suite bathrooms; Exposed brick, beams, concrete floors, and oversized windows; Kitchen with quartz counters, stainless appliances, cabinetry, and island
