Renovated 5-Unit Apartment
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 Market57
Property Features for 1800-00 S 18TH ST
General Information
Standard status
Active
Size
3,006 SF
Property subtype
Multi-family
Site & Location
Neighborhood
North Philadelphia
Listing Agency:
Alpha Realty Group
(215) 463-0777
Listed By:
Joseph Biancaniello · License #RM047735A
(215) 519-3706
Source:
Opal-realestate
Added: Aug 30
Changed: Oct 14
Last Checked: Oct 24 at 6:18PM
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
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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 / Yr
$47,283
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
2,065
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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
