Second-Floor Residential Income
For Sale
$259,000
211 ELBRIDGE STREET, Philadelphia, PA 19111
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 Market98
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
(610) 489-0198
Listed By:
Bei Y Chen · License #RS318088
(267) 984-5688
Source:
Cummingsrealtors
Added: Jul 17
Changed: Oct 21
Last Checked: Oct 20 at 9:23PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,709
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,180
$294.2K
Cap Rate 7%
$210,129
$210.1K
Cap Rate 9%
$163,433
$163.4K
Market Conditions
NOI Build-Up for 1,188 SF
Gross rent
$27.7K $23.28/SF
− Vacancy
−$913 −$0.77/SF
EGI
$26.7K $22.51/SF
− OpEx
−$12.0K −$10.13/SF
NOI
$14.7K $12.38/SF
Area
ZIP 19111
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,180
Cap Rate 7%
$210,129
Cap Rate 9%
$163,433
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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
