Residential Income Property with Private
For Sale
$550,000
2012 SPRING GARDEN STREET Unit 1, Philadelphia, PA 19130
The first-floor, two-bedroom home connects its open kitchen directly to exclusive outdoor space.
Property Size1,270 SF
Days on Market11
Property Features for 2012 SPRING GARDEN STREET Unit 1
General Information
Standard status
Active
Size
1,270 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Road Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,518
Amenities
private backyard
partially covered deck
lawn
two dedicated basement storage units
stackable LG washer and dryer
Building Details
Building Size
1,270 SF
Year Built
1900
Listing Agency:
BHHS Fox & Roach-Art Museum
Listed By:
Andrew Kratz · License #AB069587
(215) 813-7993
Source:
Patmckennarealtors
Added: Oct 22
Changed: Oct 31
Last Checked: Oct 30 at 11:16PM
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 BHHS Fox & Roach-Art Museum
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Investment Insights
Based on property information with market context.
This first-floor residence in a boutique building constructed in 1900 has two bedrooms and two full bathrooms. The living and dining area features high ceilings, hardwood flooring, large windows and recessed lighting. An open kitchen is fitted with wood cabinetry, Samsung stainless steel appliances, quartz counters, a tile backsplash and an island with seating. The primary bedroom has a vaulted ceiling, a custom-organized closet, an ensuite bath and access to the yard; the second bedroom includes two custom-organized closets. In-unit laundry and two basement storage units are also included.
The private outdoor area combines a partially covered deck with a lawn reserved for this residence. Trees and fencing border the space. Restaurants, museums and cultural destinations are nearby, with access to Center City.
The private outdoor area combines a partially covered deck with a lawn reserved for this residence. Trees and fencing border the space. Restaurants, museums and cultural destinations are nearby, with access to Center City.
Key Highlights
- Two bedrooms and two full bathrooms in a first‑floor residence
- Private outdoor area includes a partially covered deck and an exclusive lawn
- Building constructed in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,976
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,520
$399.5K
Cap Rate 7%
$285,371
$285.4K
Cap Rate 9%
$221,956
$222.0K
Market Conditions
NOI Build-Up for 1,270 SF
Gross rent
$38.6K $30.36/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$36.3K $28.60/SF
− OpEx
−$16.3K −$12.87/SF
NOI
$20.0K $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%
$399,520
Cap Rate 7%
$285,371
Cap Rate 9%
$221,956
Alternative Uses
Best Use
Apartment 5plus
$285.4K
$249.7K – $332.9K
NOI $19,976 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$309.6K
$270.9K – $361.2K
NOI $21,672 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,478
Businesses Nearby
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Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The first-floor, two-bedroom home connects its open kitchen directly to exclusive outdoor space.
Where is this residential income property located?
The property is located at 2012 SPRING GARDEN STREET Unit 1 Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in a first‑floor residence; Private outdoor area includes a partially covered deck and an exclusive lawn; Building constructed in 1900
