6-Unit Apartment Building with
New
For Sale
$1,000,000
1540 N 15TH STREET, Philadelphia, PA 19121
The six apartments have separate utilities, and a garage adds another component to the property.
Property Size4,750 SF
Days on Market5
Property Features for 1540 N 15TH STREET
General Information
Standard status
Active
Size
4,750 SF
Property subtype
Five Or More Units
Site & Location
Neighborhood
Newbold
Units
Unit Mix
1 x Studio, 1 x 2BR/1BA, 3 x 1BR/1BA, 1 x bilevel 2BR/1BA
Multifamily Units
6
Individually Metered Utilities
all utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,138
Building Details
Building Size
4,750 SF
Year Built
1915
Buildings
1
Listing Agency:
Realty Mark Associates
Listed By:
Larry R Levin · License #RS300451
(267) 808-6565
Source:
Patmckennarealtors
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 7:44AM
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 Realty Mark Associates
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Investment Insights
Based on property information with market context.
At 1540 N 15th Street, this 4,750-square-foot apartment property contains six units and a garage. The unit mix includes a studio, three one-bedroom apartments, and two two-bedroom apartments; one of the two-bedroom units is configured on two levels. The property dates to 1915, and the building systems are described as up to date.
The parcel extends between N 15th Street and Sydenham Street. Utilities are separately metered. The sale is as-is, and the owner requires a leaseback period after settlement.
The parcel extends between N 15th Street and Sydenham Street. Utilities are separately metered. The sale is as-is, and the owner requires a leaseback period after settlement.
Key Highlights
- Six apartments: one studio, three 1‑bedroom units, and two 2‑bedroom units
- 4,750‑square‑foot property built in 1915
- Garage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,715
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,494,300
$1.5M
Cap Rate 7%
$1,067,357
$1.1M
Cap Rate 9%
$830,167
$830.2K
Market Conditions
NOI Build-Up for 4,750 SF
Gross rent
$144.2K $30.36/SF
− Vacancy
−$8.4K −$1.76/SF
EGI
$135.8K $28.60/SF
− OpEx
−$61.1K −$12.87/SF
NOI
$74.7K $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%
$1,494,300
Cap Rate 7%
$1,067,357
Cap Rate 9%
$830,167
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$933.9K – $1.25M
NOI $74,715 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $81,058 @ 7.0% cap · market cap 8.11%
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
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,093
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The six apartments have separate utilities, and a garage adds another component to the property.
Where is this apartment building located?
The property is located at 1540 N 15TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Six apartments: one studio, three 1‑bedroom units, and two 2‑bedroom units; 4,750‑square‑foot property built in 1915; Garage included
