178 W MASTER Street, Philadelphia, PA 19122
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- Mar 10, 2026
- Days on Market:
- 93
- Last Refresh:
- Jun 10 at 3:06 pm
Property Features for 178 W MASTER Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,836 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3229
Utilities
- Cooling system
- Ductless
Building Details
- Year built
- 1915
- Number of units
- 2
- Building materials
- Brick, Stucco
Listing agent Miriam Mosquera-Martinez License #RS334645 (215) 247-3600
Listing office Elfant Wissahickon-Chestnut Hill 8039 Germantown Avenue, Philadelphia, PA (215) 247-3600
Listing date Mar 10, 2026
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.
HighLights
- Income‑generating potential with a first‑floor commercial space and a two‑bedroom apartment
- Prime location in fast‑growing Old Kensington, near Northern Liberties and Fishtown
- Seller financing available with 15% down
- Ideal for live/work setup
- Opportunity to convert to a two‑unit building (variance required)
- Constructed with durable brick and stucco
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.4k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $44.8k | $24.38 |
| − OpEx | −$13.4k | −$7.31 |
| NOI | $31.3k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.13826
- Latitude
- 39.97215