Updated Residential Income Property with
For Sale
$309,999
153 BENJAMIN COURT #G153, Philadelphia, PA 19114
Third-floor condominium includes three bedrooms, two full bathrooms, and a balcony.
Property Size1,553 SF
Price / SF$199.61
Days on Market12
Property Features for 153 BENJAMIN COURT #G153
General Information
Standard status
Active
Size
1,553 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
fitness center
indoor/outdoor pools
tennis courts
recreation room
clubhouse
Building Details
Year Built
1993
Listing Agency:
Dan Realty
(267) 679-6761
Listed By:
Natalya Krotkova · License #RS285697
(267) 679-6761
Source:
Cummingsrealtors
Added: Aug 2
Changed: Aug 12
Last Checked: Aug 13 at 5:45AM
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 Dan Realty
Investment Insights
Based on property information with market context.
This third-floor condominium includes a loft, three bedrooms, two full bathrooms, and 1,553 square feet of living space. The interior features a living room with access to a large balcony, a formal dining area, an eat-in kitchen with substantial counter space, and extensive closet storage. Replacement windows were completed in 2018, with HVAC replaced in 2024 and the water heater replaced in 2025. The property was built in 1993.
Fountain Pointe Condominium provides access to fitness facilities, indoor and outdoor pools, tennis courts, a recreation room, and a clubhouse. The association fee includes water, basic cable, building and grounds maintenance, snow removal, trash removal, and exterior building maintenance. Public transportation, shopping, and a park are within walking distance. The condominium must be owner occupied, and dogs are not allowed.
Fountain Pointe Condominium provides access to fitness facilities, indoor and outdoor pools, tennis courts, a recreation room, and a clubhouse. The association fee includes water, basic cable, building and grounds maintenance, snow removal, trash removal, and exterior building maintenance. Public transportation, shopping, and a park are within walking distance. The condominium must be owner occupied, and dogs are not allowed.
Key Highlights
- 1,553‑square‑foot third‑floor condominium with loft
- Three bedrooms and two full bathrooms
- Windows replaced in 2018; HVAC replaced in 2024; water heater replaced in 2025
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
$24,428
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
7.88%
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%
$488,560
$488.6K
Cap Rate 7%
$348,971
$349.0K
Cap Rate 9%
$271,422
$271.4K
Market Conditions
NOI Build-Up for 1,553 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
$47.1K $30.36/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$44.4K $28.60/SF
− OpEx
−$20.0K −$12.87/SF
NOI
$24.4K $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 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%
$488,560
Cap Rate 7%
$348,971
Cap Rate 9%
$271,422
Alternative Uses
Best Use
Apartment 5plus
$349.0K
$305.4K – $407.1K
NOI $24,428 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$378.6K
$331.3K – $441.7K
NOI $26,502 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
Explore this area
Business Placement
Demographics for 19114, PA
32,645
Population
14,703
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
5.6 sq mi
ZIP Area
5,829
Density / Sq Mi
$76,076
Median Household Income
$48,257
Median Earnings
$1,369
Median Rent
$276,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor condominium includes three bedrooms, two full bathrooms, and a balcony.
Where is this residential income property located?
The property is located at 153 BENJAMIN COURT #G153 Philadelphia, PA.
What is the asking price?
The asking price for this property is $309,999.
What are key features of this property?
This property features: 1,553‑square‑foot third‑floor condominium with loft; Three bedrooms and two full bathrooms; Windows replaced in 2018; HVAC replaced in 2024; water heater replaced in 2025
