Split-Level Residential Income
For Sale
$249,900
1936 CHRISTIAN STREET Unit A, Philadelphia, PA 19146
Unit A offers flexible living space, private outdoor area, central air, and dedicated laundry in the shared basement.
Property Size1,162 SF
Days on Market90
Property Features for 1936 CHRISTIAN STREET Unit A
General Information
Standard status
Active
Size
1,162 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,335
Amenities
central air conditioning
shared basement
washer/dryer
rear patio
Building Details
Building Size
1,162 SF
Year Built
1905
Listing Agency:
Rosedale Real Estate LLC
Listed By:
Neeraj Jassal · License #RS280105
(267) 408-1856
Source:
Patmckennarealtors
Added: Jun 24
Changed: Sep 17
Last Checked: Sep 20 at 12:03PM
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 Rosedale Real Estate LLC
Investment Insights
Based on property information with market context.
Unit A is a split-level residential income property in a building constructed in 1905. The layout includes hardwood flooring, a living area, an efficient kitchen with black granite counters, breakfast bar seating, stainless steel appliances, and classic cabinetry. An open landing provides a separate zone suitable for office or creative work, while the rear bedroom connects to a full bathroom and private patio and backyard space. Central air conditioning serves the residence.
The property is located on Christian Street in Philadelphia’s Graduate Hospital area, near neighborhood cafes, pocket parks, and local restaurants. The Schuylkill River Trail is accessible for running, biking, and recreation, while the South Street Bridge provides connections to the University of Pennsylvania, CHOP, the surrounding hospital campus, and Center City.
A shared basement contains building mechanicals, additional storage space, and a private washer and dryer assigned to the unit.
The property is located on Christian Street in Philadelphia’s Graduate Hospital area, near neighborhood cafes, pocket parks, and local restaurants. The Schuylkill River Trail is accessible for running, biking, and recreation, while the South Street Bridge provides connections to the University of Pennsylvania, CHOP, the surrounding hospital campus, and Center City.
A shared basement contains building mechanicals, additional storage space, and a private washer and dryer assigned to the unit.
Key Highlights
- Split‑level layout with a separate open landing for office or creative workspace
- Private rear patio and backyard shaded by mature tree canopy
- Kitchen with black granite counters, breakfast bar, stainless steel appliances, and classic cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,278
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$365,560
$365.6K
Cap Rate 7%
$261,114
$261.1K
Cap Rate 9%
$203,089
$203.1K
Market Conditions
NOI Build-Up for 1,162 SF
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.
Gross rent
$35.3K $30.36/SF
− Vacancy
−$2.0K −$1.76/SF
EGI
$33.2K $28.60/SF
− OpEx
−$15.0K −$12.87/SF
NOI
$18.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$365,560
Cap Rate 7%
$261,114
Cap Rate 9%
$203,089
Alternative Uses
Best Use
Apartment 5plus
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$283.3K
$247.9K – $330.5K
NOI $19,829 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,711
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Unit A offers flexible living space, private outdoor area, central air, and dedicated laundry in the shared basement.
Where is this residential income property located?
The property is located at 1936 CHRISTIAN STREET Unit A Philadelphia, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Split‑level layout with a separate open landing for office or creative workspace; Private rear patio and backyard shaded by mature tree canopy; Kitchen with black granite counters, breakfast bar, stainless steel appliances, and classic cabinetry
