Renovated 5-Unit Apartment
New
For Sale
$795,000
1800-00 S 18TH ST, Philadelphia, PA 19145
Multifamily property with separate utilities, on-site laundry, and a rooftop deck serving one residence.
Property Size3,006 SF
Price / SF$264.47
Days on Market3
Property Features for 1800-00 S 18TH ST
General Information
Standard status
Active
Size
3,006 SF
Property subtype
Multi-family
Listing Agency:
Alpha Realty Group
(215) 519-3706
Listed By:
Joseph Biancaniello · License #RM047735A
(215) 519-3706
Source:
Careyrealtygroup
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 5:17PM
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 Alpha Realty Group
Investment Insights
Based on property information with market context.
This five-unit apartment building contains three one-bedroom residences and two two-bedroom residences within approximately 3,006 square feet. The property underwent a complete renovation during 2015–16, and each unit is separately metered for utilities. One residence includes a third-floor deck, while shared laundry equipment provides an on-site washer and dryer amenity.
The building occupies the corner of S 18th Street and Moore Street in Philadelphia’s Point Breeze section. All five apartments are occupied, offering an established multifamily configuration with a defined unit mix and existing resident occupancy. The property is identified as 1800-00 S 18TH ST, Philadelphia, PA 19145.
The building occupies the corner of S 18th Street and Moore Street in Philadelphia’s Point Breeze section. All five apartments are occupied, offering an established multifamily configuration with a defined unit mix and existing resident occupancy. The property is identified as 1800-00 S 18TH ST, Philadelphia, PA 19145.
Key Highlights
- Five‑unit building with three one‑bedroom and two two‑bedroom apartments
- Approximately 3,006 square feet of building area
- Complete renovation completed during 2015–16
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
$47,283
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
5.95%
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%
$945,660
$945.7K
Cap Rate 7%
$675,471
$675.5K
Cap Rate 9%
$525,367
$525.4K
Market Conditions
NOI Build-Up for 3,006 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
$91.3K $30.36/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$86.0K $28.60/SF
− OpEx
−$38.7K −$12.87/SF
NOI
$47.3K $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%
$945,660
Cap Rate 7%
$675,471
Cap Rate 9%
$525,367
Alternative Uses
Best Use
Apartment 5plus
$675.5K
$591.0K – $788.1K
NOI $47,283 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$732.8K
$641.2K – $855.0K
NOI $51,297 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with separate utilities, on-site laundry, and a rooftop deck serving one residence.
Where is this apartment building located?
The property is located at 1800-00 S 18TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Five‑unit building with three one‑bedroom and two two‑bedroom apartments; Approximately 3,006 square feet of building area; Complete renovation completed during 2015–16
