Six-Unit Brick Apartment
1523-00 CHRISTIAN ST, Philadelphia, PA 19146
For Sale
$1,300,000
Five residences are occupied, and shared laundry and separately metered gas and electric serve the building.
Property Size3,195 SF
Price / SF$406.89
Days on Market50
Property Features for 1523-00 CHRISTIAN ST
General Information
Standard status
Size
Total Parking Spaces
Zoning
Site & Location
Neighborhood
Utilities to Site
Additional Details
Multifamily Units
Amenities
shared on-site laundry
Building Details
Year Built
Year Renovated
Buildings
Construction
Abandoned
Listing Agency:
Compass Pennsylvania, LLC
(610) 822-3356
Listed By:
Jack Aezen · License PA RS226201L
(610) 662-1066
Source:
Imanirealtors
Added: Sep 24
Changed: Nov 4
Last Checked: Nov 12 at 6:44AM
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.
This six-unit brick apartment property at 1523 Christian Street contains approximately 3,195 square feet. Built in 1910 and substantially renovated in 2006, it offers a mix of one-, one-and-a-half-, and two-bedroom residences. Shared laundry is on site, gas and electric are separately metered, and the property is served by public water and sewer. Zoning is RM1, and ownership is fee simple.
Five units are occupied, with one vacant. Two rear off-street parking spaces are associated with the property; both are rented separately and are not currently available. The building is in Philadelphia’s Graduate Hospital neighborhood, near 16th Street.
Five units are occupied, with one vacant. Two rear off-street parking spaces are associated with the property; both are rented separately and are not currently available. The building is in Philadelphia’s Graduate Hospital neighborhood, near 16th Street.
Key Highlights
- Six‑unit brick apartment building with approximately 3,195 square feet
- Five of six residences occupied; one unit is vacant
- Unit mix includes one-, one‑and‑a‑half-, and two‑bedroom residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,256
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,120
$1.0M
Cap Rate 7%
$717,943
$717.9K
Cap Rate 9%
$558,400
$558.4K
Market Conditions
NOI Build-Up for 3,195 SF
Gross rent
$97.0K $30.36/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$91.4K $28.60/SF
− OpEx
−$41.1K −$12.87/SF
NOI
$50.3K $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 Rate 5%
$1,005,120
Cap Rate 7%
$717,943
Cap Rate 9%
$558,400
Alternative Uses
Best Use
Apartment 5plus
$717.9K
$628.2K – $837.6K
NOI $50,256 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$778.9K
$681.5K – $908.7K
NOI $54,522 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7,636
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Philadelphia, PA
Properties on Market for Apartment buildings in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five residences are occupied, and shared laundry and separately metered gas and electric serve the building.
Where is this apartment building located?
The property is located at 1523-00 CHRISTIAN ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Six‑unit brick apartment building with approximately 3,195 square feet; Five of six residences occupied; one unit is vacant; Unit mix includes one-, one‑and‑a‑half-, and two‑bedroom residences
