Corner Multifamily with
21800 N 9th Street Philadelphia, PA 19107
21800 N 9th Street, Philadelphia, PA, 19107
$4,100,000
For Sale
$4,100,000
Multifamily property with 9 occupied apartment units and 1 storefront, all within a 10-unit total.
Property Size8,800 SF
Price / SF$465.91
Days on Market9
Property Features for 21800 N 9th Street
General Information
- Standard status
- Active
- Size
- 8,800 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1950
Listing agency
Premium Realty Group Inc
(215) 995-2918
Listed by
Derrick Zhang · License #AB066314
Source
Deepcreeklake
Added: Jul 14 Updated: Jul 21 at 3:44PM Checked: Jul 22 at 6:35AM
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 10-unit corner property includes one storefront and nine apartment units. All units are fully occupied with stable tenants. The apartments are described as being mostly below market rent, supporting strong day-to-day income characteristics.
The property is located at 21800 N 9th Street in Philadelphia, PA 19107, with the corner configuration and storefront component providing additional space beyond residential units.
For buyers considering either owner occupancy or investment ownership, the existing in-place tenancy and mixed-use setup combine storefront frontage with apartment income in a single, compact building.
The property is located at 21800 N 9th Street in Philadelphia, PA 19107, with the corner configuration and storefront component providing additional space beyond residential units.
For buyers considering either owner occupancy or investment ownership, the existing in-place tenancy and mixed-use setup combine storefront frontage with apartment income in a single, compact building.
Key Highlights
- 10‑unit multifamily property built in 1950
- Corner‑unit building with 1 storefront and 9 apartment units
- All units are fully occupied with stable tenants
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 - Multifamily property with 9 occupied apartment units and 1 storefront, all within a 10-unit total.
Where is this apartment building located?
The property is located at 21800 N 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 property built in 1950; Corner‑unit building with 1 storefront and 9 apartment units; All units are fully occupied with stable tenants
