Renovated Two-Bedroom Income
For Sale
$425,000
2013 E SUSQUEHANNA AVENUE Unit 1, Philadelphia, PA 19125
First-floor condominium with secure gated parking, private patio, dedicated storage, and updated interior finishes.
Property Size1,461 SF
Days on Market20
Property Features for 2013 E SUSQUEHANNA AVENUE Unit 1
General Information
Standard status
Active
Size
1,461 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,370
Building Details
Building Size
1,461 SF
Year Built
1875
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Frances A Prieto · License #AB067326
(267) 679-6654
Source:
Patmckennarealtors
Added: Aug 20
Changed: Sep 2
Last Checked: Sep 8 at 11:06AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This first-floor residential income property is configured as a two-bedroom, two-bath condominium within a restored historic building constructed in 1875. The residence combines exposed brick, hardwood flooring, 10' ceilings, and contemporary bathroom finishes with an open arrangement connecting the kitchen, dining, and living areas. A private patio extends the usable living space, while the kitchen includes an island with breakfast bar, granite countertops, stainless steel energy-efficient appliances, and a range hood.
The primary bedroom is positioned at the rear and includes a walk-in closet and private bath. The second bedroom and additional bath are located toward the front, near the stacked washer and dryer. The unit includes a designated parking space within a secured gated area, individual basement storage, intercom entry, and access to common storage. The property is located on E Susquehanna Avenue in Philadelphia's Fishtown area, near shops, restaurants, public transportation, and major highways.
The primary bedroom is positioned at the rear and includes a walk-in closet and private bath. The second bedroom and additional bath are located toward the front, near the stacked washer and dryer. The unit includes a designated parking space within a secured gated area, individual basement storage, intercom entry, and access to common storage. The property is located on E Susquehanna Avenue in Philadelphia's Fishtown area, near shops, restaurants, public transportation, and major highways.
Key Highlights
- Two‑bedroom, two‑bath first‑floor condominium
- Constructed in 1875 and extensively renovated
- Private patio and open kitchen, dining, and living arrangement
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
$22,981
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
5.41%
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%
$459,620
$459.6K
Cap Rate 7%
$328,300
$328.3K
Cap Rate 9%
$255,344
$255.3K
Market Conditions
NOI Build-Up for 1,461 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
$44.4K $30.36/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$41.8K $28.60/SF
− OpEx
−$18.8K −$12.87/SF
NOI
$23.0K $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 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%
$459,620
Cap Rate 7%
$328,300
Cap Rate 9%
$255,344
Alternative Uses
Best Use
Apartment 5plus
$328.3K
$287.3K – $383.0K
NOI $22,981 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$356.2K
$311.7K – $415.5K
NOI $24,932 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,829
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor condominium with secure gated parking, private patio, dedicated storage, and updated interior finishes.
Where is this residential income property located?
The property is located at 2013 E SUSQUEHANNA AVENUE Unit 1 Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath first‑floor condominium; Constructed in 1875 and extensively renovated; Private patio and open kitchen, dining, and living arrangement
