Renovated Two-Bedroom Income
For Sale
$425,000
Pending
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 Market74
Property Features for 2013 E SUSQUEHANNA AVENUE Unit 1
General Information
Standard status
Pending
Size
1,461 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Kensington
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: Oct 31
Last Checked: Nov 1 at 12:38PM
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
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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 / Yr
$22,981
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
2,829
Businesses Nearby
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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
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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
