Second-Floor Residential Income
211 ELBRIDGE STREET Philadelphia, PA 19111
211 ELBRIDGE STREET, Philadelphia, PA, 19111
$259,000
For Sale
$259,000
Second-floor unit on a quiet street in Northeast Philadelphia, positioned near shopping and public transit.
Property Size1,188 SF
Price / SF$218.01
Days on Market9
Property Features for 211 ELBRIDGE STREET
General Information
- Standard status
- Active
- Size
- 1,188 SF
- Property subtype
- Apartment
Building Details
- Year Built
- 1959
Listing agency
Appreciation Realty LLC
(267) 984-5688
Listed by
Bei Y Chen
(267) 984-5688
Source
Cummingsrealtors
Added: Jul 15 Updated: Jul 21 at 1:10PM Checked: Jul 22 at 5:14AM
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 Appreciation Realty LLC
Investment Insights
Based on property information with market context.
This offering is a residential income property featuring a second-floor unit at 211 Elbridge Street in Philadelphia, PA. The unit is described as being situated “nestled” on an adorable, quiet street, providing a calm setting within a more suburban portion of Northeast Philadelphia.
The property is positioned in an area surrounded by shopping and public transit. This combination can support tenant convenience and day-to-day accessibility.
Beyond the second-floor layout and the property’s street setting, no additional interior or building specifics are provided in the available information.
The property is positioned in an area surrounded by shopping and public transit. This combination can support tenant convenience and day-to-day accessibility.
Beyond the second-floor layout and the property’s street setting, no additional interior or building specifics are provided in the available information.
Key Highlights
- Second‑floor unit in Northeast Philadelphia
- Located on a quiet street in Northeast Philly
- Year built: 1959
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.7k | $23.28 |
| − Vacancy | −$913 | −$0.77 |
| EGI | $26.7k | $22.51 |
| − OpEx | −$12.0k | −$10.13 |
| NOI | $14.7k | $12.38 |
1,188 SF · lease $23.28/SF/yr · vacancy 3.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$210.1K
$183.9K – $245.2K
NOI $14,709 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.2K
$315.2K – $420.2K
NOI $25,213 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Second-floor unit on a quiet street in Northeast Philadelphia, positioned near shopping and public transit.
Where is this multifamily property located?
The property is located at 211 ELBRIDGE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Second‑floor unit in Northeast Philadelphia; Located on a quiet street in Northeast Philly; Year built: 1959
