Renovated 5-Unit Apartment
For Sale
$795,000
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$264.47
Days on Market97
Property Features for 180000 S 18th Street
General Information
Standard status
Active
Size
3,006 SF
Property subtype
Multi-family
Occupancy
100%
Lease Term
[]
Site & Location
Neighborhood
Northwest Philadelphia
Utilities to Site
Yes
Units
Unit Mix
3 x 1BR, 2 x 2BR
Multifamily Units
5
Amenities
coin-operated washer and dryer
Building Details
Year Built
1920
Year Renovated
2016
Buildings
1
Listing Agency:
Alpha Realty Group
Listed By:
Joseph Biancaniello · License #RM047735A
(215) 519-3706
Source:
Deepcreeklake
Added: Jul 25
Changed: Oct 28
Last Checked: Oct 28 at 9:10AM
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 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
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.
How Realmo checks its estimates
Property Analytics
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
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 $795,000.
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
