6-Unit Corner Apartment
1808 W Berks Street, Philadelphia, PA 19121
For Sale
$945,000
Built in 2013, the property has 15 beds near Temple University’s main campus.
Property Size3,547 SF
Price / SF$266.42
Days on Market8
Property Features for 1808 W Berks Street
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Natural Gas
Yes
Corner
Public
CA0
20.00 x 100.00
0.04
No
Assessor
Concrete Perimeter
3547.00
255210.00
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams Liberty Place
(609) 399-5454
Listed By:
Ryan J McManus · License PA RS316262
(610) 606-1095
Source:
Moveritenow
Added: Nov 5
Changed: Nov 9
Last Checked: Nov 12 at 2:37PM
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 Keller Williams Liberty Place
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This corner apartment property contains six units and 15 beds within 3,547 square feet. Built in 2013, the building is zoned RM1.
The property is located just off Temple University’s main campus in Philadelphia.
The property is located just off Temple University’s main campus in Philadelphia.
Key Highlights
- Six apartments with a total of 15 beds
- 3,547 square feet of building area
- Corner property near Temple University’s main campus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,793
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,115,860
$1.1M
Cap Rate 7%
$797,043
$797.0K
Cap Rate 9%
$619,922
$619.9K
Market Conditions
NOI Build-Up for 3,547 SF
Gross rent
$107.7K $30.36/SF
− Vacancy
−$6.2K −$1.76/SF
EGI
$101.4K $28.60/SF
− OpEx
−$45.6K −$12.87/SF
NOI
$55.8K $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%
$1,115,860
Cap Rate 7%
$797,043
Cap Rate 9%
$619,922
Alternative Uses
Best Use
Apartment 5plus
$797.0K
$697.4K – $929.9K
NOI $55,793 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$864.7K
$756.6K – $1.01M
NOI $60,529 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,065
Businesses Nearby
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Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Philadelphia, PA
Properties on Market for Apartment buildings in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2013, the property has 15 beds near Temple University’s main campus.
Where is this apartment building located?
The property is located at 1808 W Berks Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Six apartments with a total of 15 beds; 3,547 square feet of building area; Corner property near Temple University’s main campus
