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    Philadelphia Multifamily Property for Sale Title is generated by Realmo AI

    1812 Hart Lane, Philadelphia, PA 19134

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    For Sale
    $220,000

    Multifamily property in Philadelphia, PA, featuring 1155 square feet.

    Type:Multi-Family / Fee Simple
    Property size:
    1,155 SF
    Price / SF:
    $190/SF
    Added:
    Sep 14, 2025
    Days on Market:
    276
    Last Refresh:
    Mar 13 at 4:14 pm

    Property Features for 1812 Hart Lane

    General Information

    Standard status
    Active
    Size
    1,155 SF
    Property subtype
    Multi-Family / Fee Simple

    Building Details

    Year Built
    1920

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    Listing Contact
    Tahzib Bacchus

    Listing agent Tahzib Bacchus License #RS330208

    Listing office Realty Mark Associates

    Listing date Sep 14, 2025

    Source Compass

    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 Realty Mark Associates

    HighLights

    • Located in Philadelphia County.
    • Situated in MLS Area 19134.
    • School District: PHILADELPHIA CITY.
    • Built in 1920.
    • Includes Above Grade and Below Grade Other Structures.
    • No Pool.

    Overview

    Located in Philadelphia, this multifamily property offers approximately 1155 square feet of space. The property is situated within the 19134 MLS area and falls under the jurisdiction of the Philadelphia City School District. The School District County ID is 803408593408.

    Local 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 $35.1k $30.36
    − Vacancy −$2.0k −$1.76
    EGI $33.0k $28.60
    − OpEx −$14.9k −$12.87
    NOI $18.2k $15.73
    1,155 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $259.5K
    $227.1K – $302.8K (±1% cap)
    NOI $18,168 @ 7.0% cap · market cap 8.26%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $281.6K
    $246.4K – $328.5K (±1% cap)
    NOI $19,710 @ 7.0% cap · market cap 8.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1214176
    Latitude
    39.9915896

    FAQs

    What type of property is this?
    Multifamily property - Multifamily property in Philadelphia, PA, featuring 1155 square feet.
    Where is this multifamily property located?
    The property is located at 1812 Hart Lane Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Located in Philadelphia County.; Situated in MLS Area 19134.; School District: PHILADELPHIA CITY.
    More about this property
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