Corner-Unit Multifamily
218-00 North 9th Street Philadelphia, PA 19107
218-00 North 9th Street, Philadelphia, PA, 19107
$4,100,000
For Sale
$4,100,000
Ten-unit multifamily building with one storefront and nine apartment units, fully occupied with stable tenants.
Property Size8,800 SF
Price / SF$465.91
Days on Market10
Property Features for 218-00 North 9th Street
General Information
- Standard status
- Active
- Size
- 8,800 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1950
Listing agency
Premium Realty Group Inc
(215) 995-2918
Listed by
Derrick Zhang · License #AB066314
(215) 995-2918
Source
Compass
Added: Jul 14 Updated: Jul 21 at 7:08AM Checked: Jul 22 at 6:09AM
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 Premium Realty Group Inc
Investment Insights
Based on property information with market context.
This corner-unit multifamily property includes a total of 10 units: one storefront and nine apartment units. The building is fully occupied with stable tenants, and many of the apartment units are reported as below market rent.
Located at 218-00 North 9th Street in Philadelphia, PA 19107, the property is positioned within Chinatown. The combination of street-level storefront space and residential units can appeal to an owner-occupant or an investor seeking a straightforward, income-producing mix.
With 10 total units and existing occupancy, the asset offers a turn-key setup for buyers looking to acquire a residential income property with both retail frontage and apartments in place.
Located at 218-00 North 9th Street in Philadelphia, PA 19107, the property is positioned within Chinatown. The combination of street-level storefront space and residential units can appeal to an owner-occupant or an investor seeking a straightforward, income-producing mix.
With 10 total units and existing occupancy, the asset offers a turn-key setup for buyers looking to acquire a residential income property with both retail frontage and apartments in place.
Key Highlights
- 10‑unit multifamily building with 1 storefront and 9 apartment units
- Fully occupied with stable tenants
- Most units are below market rent
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 | $267.2k | $30.36 |
| − Vacancy | −$15.5k | −$1.76 |
| EGI | $251.7k | $28.60 |
| − OpEx | −$113.3k | −$12.87 |
| NOI | $138.4k | $15.73 |
8,800 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.98M
$1.73M – $2.31M
NOI $138,420 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.15M
$1.88M – $2.50M
NOI $150,171 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Ten-unit multifamily building with one storefront and nine apartment units, fully occupied with stable tenants.
Where is this apartment building located?
The property is located at 218-00 North 9th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 10‑unit multifamily building with 1 storefront and 9 apartment units; Fully occupied with stable tenants; Most units are below market rent
