Renovated Multifamily
New
For Sale
$325,000
2030 N CARLISLE Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size1,458 SF
Lot Size0.02 Acres
Price / SF$222.91
Days on Market2
Property Features for 2030 N CARLISLE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Dining Room, Basement
Parking features
On Street
Interior features
Bathroom - Stall Shower, Ceiling Fan(s), Combination Kitchen/Dining, Floor Plan - Open, Recessed Lighting
Appliances
Built-In Microwave, Dishwasher, Dryer - Gas, Energy Efficient Appliances, Instant Hot Water, Microwave, Oven/Range - Electric, Refrigerator, Stove, Washer, Washer - Front Loading, Water Heater - Tankless
Subdivision
TEMPLE UNIVERSITY
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,458 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
2560
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
central air conditioning
on-demand water heater
CCTV security system
full dry basement
Building Details
Year built
1915
Number of units
4
Building materials
Masonry
Architectural style
Colonial
Listing Agency:
Super Realty Group, LLC
(215) 474-7741
Listed By:
Solomon Dave Hudson · License #RM423388
(215) 917-0580
Added: Sep 15
Last Checked: Sep 16 at 5:06PM
MLS# PAPH2670934
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 2030 N Carlisle Street in Philadelphia, this 1,458-square-foot multifamily property offers four bedrooms and three full bathrooms. The home is tenant occupied by students and includes an open floor plan, combination kitchen and dining area, recessed lighting, and a full dry basement for storage.
A comprehensive renovation was completed in 2023, including replacement electrical wiring, plumbing, heating, roof, and an on-demand water heater. Central air conditioning serves the residence. Two bedrooms have private en-suite bathrooms, while the third full bath includes a double-sink vanity. A four-camera CCTV system provides exterior monitoring, with two cameras at the front and two at the rear.
The property sits on a 0.0235-acre lot near Temple University, with access to campus facilities, neighborhood restaurants, shopping, public transportation, Broad Street, and the Broad Street Line. On-street parking is available.
A comprehensive renovation was completed in 2023, including replacement electrical wiring, plumbing, heating, roof, and an on-demand water heater. Central air conditioning serves the residence. Two bedrooms have private en-suite bathrooms, while the third full bath includes a double-sink vanity. A four-camera CCTV system provides exterior monitoring, with two cameras at the front and two at the rear.
The property sits on a 0.0235-acre lot near Temple University, with access to campus facilities, neighborhood restaurants, shopping, public transportation, Broad Street, and the Broad Street Line. On-street parking is available.
Key Highlights
- Four‑bedroom, three‑full‑bath multifamily property
- Complete renovation completed in 2023
- 1,458 square feet on a 0.0235‑acre lot
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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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
Check the figures for this property
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 - Renovated systems, central air, and a full basement support a tenant-occupied student rental near Temple University.
Where is this multifamily property located?
The property is located at 2030 N CARLISLE Street 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 multifamily property; Complete renovation completed in 2023; 1,458 square feet on a 0.0235‑acre lot
