Three-Story Multifamily
For Sale
$655,000
1829 N 33RD STREET, Philadelphia, PA 19121
Three-story multifamily building with five units, including multiple 1-, 2-, and 3-bedroom layouts.
Property Size3,271 SF
Days on Market184
Property Features for 1829 N 33RD STREET
General Information
Standard status
Active
Size
3,271 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
North Philadelphia
Taxes and HOA fees
Annual Taxes
$4,149
Building Details
Building Size
3,271 SF
Year Built
1915
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Samantha Lee Miller · License #RS352351
(215) 692-3107
Source:
Lizclarkrealestate
Added: Apr 24
Changed: Oct 21
Last Checked: Oct 23 at 12:29PM
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 Mallin Panchelli Nadel Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story multifamily property totals 3,271 square feet and is configured as five residential units. The unit mix includes three 1-bedroom/1-bath units, one 2-bedroom/2-bath unit, and one 3-bedroom/2-bath unit.
The property is currently licensed for four units, creating a practical owner-occupant fit for someone looking to occupy while aligning the remaining space. The fifth unit is not part of the zoning nor is it licensed.
Located in the Strawberry Mansion neighborhood of Philadelphia, the building is described as being near Fairmount Park and Center City, within an area noted as experiencing neighborhood growth and increased investor interest.
The property is currently licensed for four units, creating a practical owner-occupant fit for someone looking to occupy while aligning the remaining space. The fifth unit is not part of the zoning nor is it licensed.
Located in the Strawberry Mansion neighborhood of Philadelphia, the building is described as being near Fairmount Park and Center City, within an area noted as experiencing neighborhood growth and increased investor interest.
Key Highlights
- 3,271 SF three‑story multifamily built in 1915
- Five residential units: three 1 bed/1 bath, one 2 bed/2 bath, and one 3 bed/2 bath
- Currently licensed for four (4) units; provides an owner‑occupant option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,451
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,020
$1.0M
Cap Rate 7%
$735,014
$735.0K
Cap Rate 9%
$571,678
$571.7K
Market Conditions
NOI Build-Up for 3,271 SF
Gross rent
$99.3K $30.36/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$93.5K $28.60/SF
− OpEx
−$42.1K −$12.87/SF
NOI
$51.5K $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%
$1,029,020
Cap Rate 7%
$735,014
Cap Rate 9%
$571,678
Alternative Uses
Best Use
Apartment 5plus
$735.0K
$643.1K – $857.5K
NOI $51,451 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$797.4K
$697.7K – $930.3K
NOI $55,819 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story multifamily building with five units, including multiple 1-, 2-, and 3-bedroom layouts.
Where is this apartment building located?
The property is located at 1829 N 33RD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: 3,271 SF three‑story multifamily built in 1915; Five residential units: three 1 bed/1 bath, one 2 bed/2 bath, and one 3 bed/2 bath; Currently licensed for four (4) units; provides an owner‑occupant option
