Open Loft Residential Income
For Sale
$270,000
2135 E SUSQUEHANNA AVENUE Unit 1B, Philadelphia, PA 19125
Open-plan interiors pair exposed brick with a step-up kitchen and a defined sleeping area.
Property Size918 SF
Days on Market55
Property Features for 2135 E SUSQUEHANNA AVENUE Unit 1B
General Information
Standard status
Active
Size
918 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Stanton
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,635
Amenities
shared courtyard
Building Details
Building Size
918 SF
Year Built
1900
Listing Agency:
BHHS Fox & Roach-Chestnut Hill
Listed By:
Paula L Seitchik · License #RS273926
(215) 247-3750
Source:
Patmckennarealtors
Added: Sep 8
Changed: Oct 31
Last Checked: Oct 30 at 10:05PM
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 BHHS Fox & Roach-Chestnut Hill
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.
Unit 1B is an open loft-style condominium within a 13-unit residential building constructed in 1900. The interior includes high ceilings, exposed brick, carriage doors that open outdoors, and a raised kitchen with an eating bar. A large living area and hanging room divider create a separate sleeping zone, while the bathroom includes a vanity and standing shower.
Residents share a courtyard designed for gardening and gathering. The property is located in Fishtown, one block from restaurants, shops, and entertainment venues, with the EL and local bus lines several blocks away.
Residents share a courtyard designed for gardening and gathering. The property is located in Fishtown, one block from restaurants, shops, and entertainment venues, with the EL and local bus lines several blocks away.
Key Highlights
- Open loft‑style condominium in a 13‑unit building
- High ceilings, exposed brick, and exterior‑opening carriage doors
- Raised kitchen with eating bar and large living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,440
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,800
$288.8K
Cap Rate 7%
$206,286
$206.3K
Cap Rate 9%
$160,444
$160.4K
Market Conditions
NOI Build-Up for 918 SF
Gross rent
$27.9K $30.36/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$26.3K $28.60/SF
− OpEx
−$11.8K −$12.87/SF
NOI
$14.4K $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%
$288,800
Cap Rate 7%
$206,286
Cap Rate 9%
$160,444
Alternative Uses
Best Use
Apartment 5plus
$206.3K
$180.5K – $240.7K
NOI $14,440 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$223.8K
$195.8K – $261.1K
NOI $15,666 @ 7.0% cap · market cap 5.80%
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
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,457
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Open-plan interiors pair exposed brick with a step-up kitchen and a defined sleeping area.
Where is this residential income property located?
The property is located at 2135 E SUSQUEHANNA AVENUE Unit 1B Philadelphia, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Open loft‑style condominium in a 13‑unit building; High ceilings, exposed brick, and exterior‑opening carriage doors; Raised kitchen with eating bar and large living area
