Renovated Four-Bedroom Multifamily
New
For Sale
$325,000
2030 N Carlisle St, Philadelphia, PA 19121
Tenant-occupied home near Temple University with updated systems, central air, and flexible bedroom-bathroom configuration.
Property Size1,458 SF
Price / SF$222.91
Days on Market4
Property Features for 2030 N Carlisle St
General Information
Standard status
Active
Size
1,458 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/3BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
central air conditioning
on-demand water heater
full dry basement
CCTV security system
en-suite bathrooms
double-sink vanity
Building Details
Year Built
1915
Year Renovated
2023
Buildings
1
Listing Agency:
Super Realty Group, LLC
Listed By:
Solomon Dave Hudson · License #RM423388
(215) 917-0580
Source:
Viewmarylandhomesforsale
Added: Sep 14
Changed: Sep 17
Last Checked: Sep 16 at 4:34PM
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 Super Realty Group, LLC
Investment Insights
Based on property information with market context.
This 1,458-square-foot multifamily property at 2030 N Carlisle St includes four bedrooms and three full bathrooms. A comprehensive renovation was completed in 2023, including replacement electrical wiring, plumbing, heating equipment, roof, central air conditioning, and an on-demand water heater. Two bedrooms have private en-suite bathrooms, while the third full bath includes a double-sink vanity. The full, dry basement adds storage capacity, and a four-camera CCTV system provides exterior monitoring at the front and rear of the home.
The property is currently occupied by students and sits near Temple University in Philadelphia. Nearby access includes campus facilities, restaurants, shopping, public transportation, Broad Street, and the Broad Street Line. The home was built in 1915 and is located within Temple University’s security patrol zone, subject to independent verification of current boundaries and services.
The property is currently occupied by students and sits near Temple University in Philadelphia. Nearby access includes campus facilities, restaurants, shopping, public transportation, Broad Street, and the Broad Street Line. The home was built in 1915 and is located within Temple University’s security patrol zone, subject to independent verification of current boundaries and services.
Key Highlights
- Four‑bedroom, three‑full‑bath layout in a 1,458‑square‑foot multifamily property
- Renovation completed in 2023 with new electrical, plumbing, heating, roof, and central air
- Two bedrooms include private en‑suite bathrooms
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
$22,934
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
7.06%
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%
$458,680
$458.7K
Cap Rate 7%
$327,629
$327.6K
Cap Rate 9%
$254,822
$254.8K
Market Conditions
NOI Build-Up for 1,458 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
$44.3K $30.36/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$41.7K $28.60/SF
− OpEx
−$18.8K −$12.87/SF
NOI
$22.9K $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%
$458,680
Cap Rate 7%
$327,629
Cap Rate 9%
$254,822
Alternative Uses
Best Use
Apartment 5plus
$327.6K
$286.7K – $382.2K
NOI $22,934 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$355.4K
$311.0K – $414.7K
NOI $24,881 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,163
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Tenant-occupied home near Temple University with updated systems, central air, and flexible bedroom-bathroom configuration.
Where is this multifamily property located?
The property is located at 2030 N Carlisle St Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four‑bedroom, three‑full‑bath layout in a 1,458‑square‑foot multifamily property; Renovation completed in 2023 with new electrical, plumbing, heating, roof, and central air; Two bedrooms include private en‑suite bathrooms
