Six-Unit Apartment
For Sale
$299,900
2011 E ALLEGHENY AVENUE, Philadelphia, PA 19134
Legally zoned six-unit building with all one-bedroom units, currently needing minor repairs.
Property Size999 SF
Days on Market194
Property Features for 2011 E ALLEGHENY AVENUE
General Information
Standard status
Active
Size
999 SF
Property subtype
Five Or More Units
Site & Location
Neighborhood
Kensington
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$6,376
Building Details
Building Size
999 SF
Year Built
1925
Tenancy
Multi
Listing Agency:
RE/MAX Access
Listed By:
Steven Osiecki · License #RM420757
(215) 400-2617
Source:
Mainlinekw
Added: Apr 14
Changed: Oct 11
Last Checked: Oct 23 at 2:35PM
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 RE/MAX Access
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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 for-sale apartment building is a legally zoned six-unit property with all units configured as one-bedroom layouts. The property is in need of some minor repairs, and the provided photos are from an earlier listing.
As presented, the asset offers a straightforward multifamily setup for investors or buyers seeking to complete light repairs after acquisition.
As presented, the asset offers a straightforward multifamily setup for investors or buyers seeking to complete light repairs after acquisition.
Key Highlights
- Legally zoned 6‑unit building
- All units are 1‑bedroom units
- Property currently needs minor repairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,714
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,280
$314.3K
Cap Rate 7%
$224,486
$224.5K
Cap Rate 9%
$174,600
$174.6K
Market Conditions
NOI Build-Up for 999 SF
Gross rent
$30.3K $30.36/SF
− Vacancy
−$1.8K −$1.76/SF
EGI
$28.6K $28.60/SF
− OpEx
−$12.9K −$12.87/SF
NOI
$15.7K $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%
$314,280
Cap Rate 7%
$224,486
Cap Rate 9%
$174,600
Alternative Uses
Best Use
Apartment 5plus
$224.5K
$196.4K – $261.9K
NOI $15,714 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$243.5K
$213.1K – $284.1K
NOI $17,048 @ 7.0% cap · market cap 5.68%
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
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,530
Businesses Nearby
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Legally zoned six-unit building with all one-bedroom units, currently needing minor repairs.
Where is this apartment building located?
The property is located at 2011 E ALLEGHENY AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Legally zoned 6‑unit building; All units are 1‑bedroom units; Property currently needs minor repairs
