Bi-Level Residential Income
For Sale
$385,000
1518 N MASCHER STREET Unit 1, Philadelphia, PA 19122
An open-plan interior pairs hardwood flooring with a quartz-counter kitchen and stainless steel appliances.
Property Size1,121 SF
Price / SF$343.44
Days on Market17
Property Features for 1518 N MASCHER STREET Unit 1
General Information
Standard status
Active
Size
1,121 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Olde Kensington
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$656
Building Details
Building Size
1,121 SF
Year Built
2018
Listing Agency:
Coldwell Banker Realty
Listed By:
Brian Figgs · License #RS343647
(610) 745-7884
Source:
Patmckennarealtors
Added: Oct 15
Changed: Oct 25
Last Checked: Oct 28 at 5:29PM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This bi-level condominium unit in Philadelphia has 1,121 square feet, with two bedrooms and one bathroom. Built in 2018, it features hardwood floors, an open layout, and a kitchen equipped with white Shaker cabinets, quartz counters, stainless steel appliances, and a tile backsplash. The bathroom has been remodeled, and a new hot water heater has been installed. Approximately two years remain on the property tax abatement.
The property is in Olde Kensington, between Fishtown and Northern Liberties. Nearby destinations include the Frankford Avenue restaurant and retail corridor, La Colombe, Suraya, the Fillmore, the Piazza, and North 2nd Street. Public transportation, major highways, and Center City are accessible from the area.
The property is in Olde Kensington, between Fishtown and Northern Liberties. Nearby destinations include the Frankford Avenue restaurant and retail corridor, La Colombe, Suraya, the Fillmore, the Piazza, and North 2nd Street. Public transportation, major highways, and Center City are accessible from the area.
Key Highlights
- Bi‑level condominium with 1,121 square feet
- Two bedrooms and one bathroom
- Built in 2018; approximately two years remain on the property tax abatement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,633
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,660
$352.7K
Cap Rate 7%
$251,900
$251.9K
Cap Rate 9%
$195,922
$195.9K
Market Conditions
NOI Build-Up for 1,121 SF
Gross rent
$34.0K $30.36/SF
− Vacancy
−$2.0K −$1.76/SF
EGI
$32.1K $28.60/SF
− OpEx
−$14.4K −$12.87/SF
NOI
$17.6K $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%
$352,660
Cap Rate 7%
$251,900
Cap Rate 9%
$195,922
Alternative Uses
Best Use
Apartment 5plus
$251.9K
$220.4K – $293.9K
NOI $17,633 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$273.3K
$239.1K – $318.8K
NOI $19,130 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - An open-plan interior pairs hardwood flooring with a quartz-counter kitchen and stainless steel appliances.
Where is this residential income property located?
The property is located at 1518 N MASCHER STREET Unit 1 Philadelphia, PA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Bi‑level condominium with 1,121 square feet; Two bedrooms and one bathroom; Built in 2018; approximately two years remain on the property tax abatement
