Renovated 5-Unit Apartment
For Sale
$975,000
180000 S 18th Street, Philadelphia, PA 19145
Fully occupied property with one- and two-bedroom units, separate utilities, and on-site coin-operated laundry.
Property Size3,006 SF
Price / SF$324.35
Days on Market13
Property Features for 180000 S 18th Street
General Information
Standard status
Active
Size
3,006 SF
Property subtype
Multi-family
Occupancy
100%
Lease Term
[]
Units
Unit Mix
3 x 1BR, 2 x 2BR
Multifamily Units
5
Additional Details
Utilities to Site
Yes
Amenities
coin-operated washer and dryer
Building Details
Year Built
1920
Year Renovated
2016
Buildings
1
Listing Agency:
Alpha Realty Group
(215) 519-3706
Listed By:
Joseph Biancaniello · License #RM047735A
Source:
Deepcreeklake
Added: Jul 25
Changed: Aug 5
Last Checked: Aug 5 at 4:23AM
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 3,006-square-foot apartment building contains five residential units, including three one-bedroom apartments and two two-bedroom apartments. The property was completely renovated in 2015-16 and is fully occupied. Each unit has separate utilities, and the premises include coin-operated laundry equipment for resident use. One apartment also includes a third-floor deck.
Built in 1920, the property combines a defined unit mix with updated building improvements and established occupancy. The layout offers both one- and two-bedroom configurations within a single multifamily asset, while separate utility arrangements provide distinct service allocation by unit.
Built in 1920, the property combines a defined unit mix with updated building improvements and established occupancy. The layout offers both one- and two-bedroom configurations within a single multifamily asset, while separate utility arrangements provide distinct service allocation by unit.
Key Highlights
- Five‑unit apartment building with three one‑bedroom and two two‑bedroom units
- 3,006 SF property completely renovated in 2015‑16
- Fully occupied multifamily asset
Financial Insights For Apartment 5plus
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 | $91.3k | $30.36 |
| − Vacancy | −$5.3k | −$1.76 |
| EGI | $86.0k | $28.60 |
| − OpEx | −$38.7k | −$12.87 |
| NOI | $47.3k | $15.73 |
3,006 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$675.5K
$591.0K – $788.1K
NOI $47,283 @ 7.0% cap · market cap 4.85%
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 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,034
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 - Fully occupied property with one- and two-bedroom units, separate utilities, and on-site coin-operated laundry.
Where is this apartment building located?
The property is located at 180000 S 18th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Five‑unit apartment building with three one‑bedroom and two two‑bedroom units; 3,006 SF property completely renovated in 2015‑16; Fully occupied multifamily asset
