Six-Unit Apartment Building with
New
For Sale
$1,000,000
1540 N 15TH Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size4,750 SF
Lot Size0.05 Acres
Price / SF$210.53
Days on Market5
Property Features for 1540 N 15TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Garage, On Street
Subdivision
TEMPLE UNIVERSITY
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
4,750 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7138
Utilities
Heating system
Forced Air
Building Details
Year built
1915
Number of units
4
Building materials
Masonry
Architectural style
Other
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Larry R Levin · License #RS300451
(267) 808-6565
Added: Oct 26
Last Checked: Oct 30 at 1:06AM
MLS# PAPH2684514
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,750-square-foot masonry apartment building contains six units and a garage. The unit mix includes a studio, three one-bedroom/one-bathroom apartments, and two two-bedroom/one-bathroom apartments; one of the two-bedroom units is arranged across two levels. Forced-air heating serves the property, and utilities are separately metered. The building was constructed in 1915.
The parcel measures 0.0478 acres and extends between N 15th Street and Sydenham Street. Parking includes the garage and on-street spaces. The property is offered as-is, and the owner requires a leaseback period after settlement.
The parcel measures 0.0478 acres and extends between N 15th Street and Sydenham Street. Parking includes the garage and on-street spaces. The property is offered as-is, and the owner requires a leaseback period after settlement.
Key Highlights
- Six residential units: one studio, three 1BR/1BA, and two 2BR/1BA
- One 2BR/1BA apartment has a bilevel layout
- 4,750 square feet of masonry construction
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
Location Intelligence
Trade Area within ½ mile
2,265
Businesses Nearby
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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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Masonry construction, separated utilities, and a garage complement a six-unit residential 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 residential units: one studio, three 1BR/1BA, and two 2BR/1BA; One 2BR/1BA apartment has a bilevel layout; 4,750 square feet of masonry construction
