Multifamily
For Sale
$725,000
Pending
1542 Fontain St, Philadelphia, PA 19121
Built in 2023, the property features central air and electric forced-air heating.
Property Size4,011 SF
Days on Market138
Property Features for 1542 Fontain St
General Information
Standard status
Pending
Size
4,011 SF
Property subtype
Residential Income
Zoning
RM1
Net Operating Income
$64,796
Site & Location
Neighborhood
North Philadelphia
Taxes and HOA fees
Annual Taxes
$2,185
Amenities
Central Air
Forced Air, Electric
Finished
Dishwasher, Dryer, Refrigerator, Microwave, Electric Oven, Electric Range, Washer, Electric Water Heater
On Street
Traditional
Building Details
Building Size
4,011 SF
Year Built
2023
Listing Agency:
Keller Williams Realty - Devon-Wayne
Listed By:
Michael Coleman
(484) 942-6266
Source:
Evrealestate
Added: Jun 8
Changed: Oct 11
Last Checked: Oct 23 at 7:26AM
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 Keller Williams Realty - Devon-Wayne
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property was built in 2023 and has central air conditioning with electric forced-air heat. Interior features include a dishwasher, washer, dryer, refrigerator, microwave, electric oven, electric range, and electric water heater.
The property is zoned RM1 and has traditional exterior styling with on-street parking.
The property is zoned RM1 and has traditional exterior styling with on-street parking.
Key Highlights
- Built in 2023
- RM1 zoning
- Central air conditioning and electric forced‑air heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,091
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,820
$1.3M
Cap Rate 7%
$901,300
$901.3K
Cap Rate 9%
$701,011
$701.0K
Market Conditions
NOI Build-Up for 4,011 SF
Gross rent
$121.8K $30.36/SF
− Vacancy
−$7.1K −$1.76/SF
EGI
$114.7K $28.60/SF
− OpEx
−$51.6K −$12.87/SF
NOI
$63.1K $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%
$1,261,820
Cap Rate 7%
$901,300
Cap Rate 9%
$701,011
Alternative Uses
Best Use
Apartment 5plus
$901.3K
$788.6K – $1.05M
NOI $63,091 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$977.8K
$855.6K – $1.14M
NOI $68,447 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,067
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
Check the figures for this property
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?
Multifamily property - Built in 2023, the property features central air and electric forced-air heating.
Where is this multifamily property located?
The property is located at 1542 Fontain St Philadelphia, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Built in 2023; RM1 zoning; Central air conditioning and electric forced‑air heat
