Corner Multifamily with
For Sale
$3,950,000
21800 N 9th Street, Philadelphia, PA 19107
Multifamily property with 9 occupied apartment units and 1 storefront, all within a 10-unit total.
Property Size8,800 SF
Price / SF$448.86
Days on Market168
Property Features for 21800 N 9th Street
General Information
Standard status
Active
Size
8,800 SF
Property subtype
Multi-family
Occupancy
100%
Lease Term
[]
Additional Details
Multifamily Units
9
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Premium Realty Group Inc
Listed By:
Derrick Zhang · License #AB066314
(215) 995-2918
Source:
Deepcreeklake
Added: May 8
Changed: Oct 21
Last Checked: Oct 20 at 11:36PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,420
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,768,400
$2.8M
Cap Rate 7%
$1,977,429
$2.0M
Cap Rate 9%
$1,538,000
$1.5M
Market Conditions
NOI Build-Up for 8,800 SF
Gross rent
$267.2K $30.36/SF
− Vacancy
−$15.5K −$1.76/SF
EGI
$251.7K $28.60/SF
− OpEx
−$113.3K −$12.87/SF
NOI
$138.4K $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%
$2,768,400
Cap Rate 7%
$1,977,429
Cap Rate 9%
$1,538,000
Alternative Uses
Best Use
Apartment 5plus
$1.98M
$1.73M – $2.31M
NOI $138,420 @ 7.0% cap · market cap 3.50%
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 3.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
9
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 $3,950,000.
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
