Residential Income
1918 Castor Avenue Philadelphia, PA 19134
For Sale
$269,000
Residential income property offered for sale at 1918 Castor Avenue in Philadelphia.
Property Size1,440 SF
Price / SF$186.81
Days on Market754
Property Features for 1918 Castor Avenue
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency:
Legal Real Estate LLC
(215) 900-1722
Listed By:
Daniel G Loza · License #RM422588
(215) 900-1722
Source:
Compass
Added: Jul 2, 2024
Changed: Jul 20
Last Checked: Jul 24 at 2:03PM
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 Legal Real Estate LLC
Investment Insights
Based on property information with market context.
Residential income property offered for sale at 1918 Castor Avenue in Philadelphia, Pennsylvania. The listing is categorized as an other multifamily/residential income asset within MLS area 19134.
The property falls within the Philadelphia City School District, as stated in the listing information.
The property falls within the Philadelphia City School District, as stated in the listing information.
Key Highlights
- Residential income property for sale at 1918 Castor Avenue, Philadelphia
- Built in 1925
- Accessibility features include 2+ access exits and 32"+ wide doors
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 | $43.7k | $30.36 |
| − Vacancy | −$2.5k | −$1.76 |
| EGI | $41.2k | $28.60 |
| − OpEx | −$18.5k | −$12.87 |
| NOI | $22.7k | $15.73 |
1,440 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$323.6K
$283.1K – $377.5K
NOI $22,651 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$351.0K
$307.2K – $409.6K
NOI $24,573 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A Vintage Twist Beauty ...
Hair Salon
FAQs
What type of property is this?
Multifamily property - Residential income property offered for sale at 1918 Castor Avenue in Philadelphia.
Where is this multifamily property located?
The property is located at 1918 Castor Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Residential income property for sale at 1918 Castor Avenue, Philadelphia; Built in 1925; Accessibility features include 2+ access exits and 32"+ wide doors
