Updated Residential Income Property with
For Sale
$402,000
1522 BROWN STREET Unit 1, Philadelphia, PA 19130
Bi-level residence with modern finishes, flexible lower-level space, and substantial private outdoor living area.
Property Size1,227 SF
Days on Market121
Property Features for 1522 BROWN STREET Unit 1
General Information
Standard status
Active
Size
1,227 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,151
Building Details
Building Size
1,227 SF
Year Built
1920
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Reid J Rosenthal · License #RS226037L
(215) 546-0550
Source:
Patmckennarealtors
Added: May 12
Changed: Aug 28
Last Checked: Sep 8 at 12:21PM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
Investment Insights
Based on property information with market context.
This updated bi-level residential property combines period character with contemporary interior improvements. The main floor features high ceilings, hardwood flooring, exposed brick detailing, oversized windows, and an open arrangement connecting the kitchen, dining area, and living room. Kitchen upgrades include stainless steel appliances, granite counters, and extensive cabinetry. The property includes two bedrooms and two full bathrooms, with the primary suite opening directly to a large private patio.
The lower level adds a newly completed designer bathroom with a copper soaking tub, along with a second bedroom, laundry area, and bonus room suitable for office, media, or fitness use. A furnace and air-conditioning system were installed last year. The property may be delivered furnished or unfurnished. Its Philadelphia setting provides walkable access to the Art Museum, Center City, the Broad Street Line, and the shops and cafes along Fairmount Avenue.
The lower level adds a newly completed designer bathroom with a copper soaking tub, along with a second bedroom, laundry area, and bonus room suitable for office, media, or fitness use. A furnace and air-conditioning system were installed last year. The property may be delivered furnished or unfurnished. Its Philadelphia setting provides walkable access to the Art Museum, Center City, the Broad Street Line, and the shops and cafes along Fairmount Avenue.
Key Highlights
- Two‑bedroom, two‑bathroom bi‑level residential property
- Large private patio accessible from the primary suite
- Open main‑level layout with hardwood floors, brick detail, and oversized windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,300
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$386,000
$386.0K
Cap Rate 7%
$275,714
$275.7K
Cap Rate 9%
$214,444
$214.4K
Market Conditions
NOI Build-Up for 1,227 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.3K $30.36/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$35.1K $28.60/SF
− OpEx
−$15.8K −$12.87/SF
NOI
$19.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$386,000
Cap Rate 7%
$275,714
Cap Rate 9%
$214,444
Alternative Uses
Best Use
Apartment 5plus
$275.7K
$241.3K – $321.7K
NOI $19,300 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$299.1K
$261.7K – $349.0K
NOI $20,939 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Bi-level residence with modern finishes, flexible lower-level space, and substantial private outdoor living area.
Where is this residential income property located?
The property is located at 1522 BROWN STREET Unit 1 Philadelphia, PA.
What is the asking price?
The asking price for this property is $402,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom bi‑level residential property; Large private patio accessible from the primary suite; Open main‑level layout with hardwood floors, brick detail, and oversized windows
