Six-Unit Apartment
For Sale
$329,900
2011 E ALLEGHENY AVENUE, Philadelphia, PA 19134
Legally zoned apartment property with active rental licenses and a consistent one-bedroom layout.
Property Size999 SF
Days on Market113
Property Features for 2011 E ALLEGHENY AVENUE
General Information
Standard status
Active
Size
999 SF
Property subtype
Five Or More Units
Units
Unit Mix
6 x 1BR
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$6,376
Building Details
Building Size
999 SF
Year Built
1925
Listing Agency:
RE/MAX Access
(215) 400-2617
Listed By:
Steven Osiecki · License #RM420757
(215) 400-2617
Source:
Mainlinekw
Added: Apr 14
Changed: Aug 4
Last Checked: Aug 4 at 5:23AM
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
Investment Insights
Based on property information with market context.
This apartment property contains six legally zoned units, each configured as a one-bedroom residence. Active rental licenses are in place, supporting continued residential use. The building dates to 1925 and requires comprehensive renovation before full operation or occupancy planning.
The property is located at 2011 E Allegheny Avenue in Philadelphia, Pennsylvania 19134. Existing listing photographs are from an earlier listing and may not reflect current conditions.
The property is located at 2011 E Allegheny Avenue in Philadelphia, Pennsylvania 19134. Existing listing photographs are from an earlier listing and may not reflect current conditions.
Key Highlights
- Six legally zoned apartment units
- All units are one‑bedroom residences
- Active rental licenses in place
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 | $30.3k | $30.36 |
| − Vacancy | −$1.8k | −$1.76 |
| EGI | $28.6k | $28.60 |
| − OpEx | −$12.9k | −$12.87 |
| NOI | $15.7k | $15.73 |
999 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$224.5K
$196.4K – $261.9K
NOI $15,714 @ 7.0% cap · market cap 4.76%
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 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Legally zoned apartment property with active rental licenses and a consistent one-bedroom layout.
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 $329,900.
What are key features of this property?
This property features: Six legally zoned apartment units; All units are one‑bedroom residences; Active rental licenses in place
