4-Unit Three-Story
2249 S 15TH STREET, Philadelphia, PA 19145
For Sale
$499,900
Each apartment has a separate entrance and utility services; all four units are occupied.
Property Size2,563 SF
Days on Market9
Property Features for 2249 S 15TH STREET
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Alpha Realty Group
Listed By:
Michael A Esposito Jr. · License PA RS272183
(215) 651-9657
Source:
Patmckennarealtors
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 8 at 2:21PM
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 Alpha Realty Group
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Investment Insights
Based on property information with market context.
This 2,563-square-foot, three-story quadplex contains four occupied apartments: two one-bedroom units and two two-bedroom units. Each residence has its own entrance and separate utilities. The upper-floor apartments include private outdoor space, and the layouts feature kitchens, full bathrooms, and in-unit washer/dryer connections. The property was built in 1920 and occupies a corner lot at 2249 S 15th Street in Philadelphia.
A large basement with two separate entrances provides additional space for storage or owner use. Building systems include four gas hot water tanks, with electrical panels located in the individual units.
A large basement with two separate entrances provides additional space for storage or owner use. Building systems include four gas hot water tanks, with electrical panels located in the individual units.
Key Highlights
- Four occupied apartments: two one‑bedroom units and two two‑bedroom units
- 2,563 square feet across three stories
- Separate entrances and utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,737
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,740
$874.7K
Cap Rate 7%
$624,814
$624.8K
Cap Rate 9%
$485,967
$486.0K
Market Conditions
NOI Build-Up for 2,563 SF
Gross rent
$66.1K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$62.5K $24.38/SF
− OpEx
−$18.7K −$7.31/SF
NOI
$43.7K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,740
Cap Rate 7%
$624,814
Cap Rate 9%
$485,967
Alternative Uses
Best Use
Multifamily LT 5
$624.8K
$546.7K – $729.0K
NOI $43,737 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$575.9K
$503.9K – $671.9K
NOI $40,315 @ 7.0% cap · market cap 8.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,419
Businesses Nearby
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Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Philadelphia, PA
Properties on Market for Quadplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Each apartment has a separate entrance and utility services; all four units are occupied.
Where is this quadplex located?
The property is located at 2249 S 15TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Four occupied apartments: two one‑bedroom units and two two‑bedroom units; 2,563 square feet across three stories; Separate entrances and utilities for each unit
