Residential Income Property with
For Sale
$339,950
Pending
2311 RHAWN STREET, Philadelphia, PA 19152
Detached garage, central air, and gas-fired systems serve this residential income property.
Property Size1,600 SF
Days on Market76
Property Features for 2311 RHAWN STREET
General Information
Standard status
Pending
Size
1,600 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
RSA3
Taxes and HOA fees
Annual Taxes
$4,972
Amenities
Central Air, Gas
Natural Gas, Forced Air
Gas Water Heater
On Street, Garage, Detached
AirLite
Building Details
Building Size
1,600 SF
Year Built
1950
Listing Agency:
eXp Realty
(267) 972-2107
Listed By:
Javier J Nichols · License #RS338879
(267) 972-2107
Source:
Evrealestate
Added: May 22
Changed: Aug 4
Last Checked: Aug 4 at 6:43AM
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 eXp Realty
Investment Insights
Based on property information with market context.
Built in 1950, this residential income property at 2311 Rhawn Street includes central air, natural-gas service, forced-air heating, and a gas water heater. The property also features an AirLite exterior and a detached garage, with additional on-street parking available.
The property is located in Philadelphia County in Philadelphia, Pennsylvania, within ZIP code 19152. Its recorded property size is 1,600, and the site is identified under RSA3 zoning. These details provide a practical overview of the building’s age, mechanical systems, parking arrangement, and municipal setting.
The property is located in Philadelphia County in Philadelphia, Pennsylvania, within ZIP code 19152. Its recorded property size is 1,600, and the site is identified under RSA3 zoning. These details provide a practical overview of the building’s age, mechanical systems, parking arrangement, and municipal setting.
Key Highlights
- Residential income property with 1,600 recorded property size
- Built in 1950
- Detached garage plus on‑street parking
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 | $48.6k | $30.36 |
| − Vacancy | −$2.8k | −$1.76 |
| EGI | $45.8k | $28.60 |
| − OpEx | −$20.6k | −$12.87 |
| NOI | $25.2k | $15.73 |
1,600 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$359.5K
$314.6K – $419.5K
NOI $25,167 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$390.1K
$341.3K – $455.1K
NOI $27,304 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,488
Businesses Nearby
Explore this area
Business Placement
Demographics for 19152, PA
35,911
Population
13,715
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
12,383
Density / Sq Mi
$57,966
Median Household Income
$40,428
Median Earnings
$1,236
Median Rent
$270,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Detached garage, central air, and gas-fired systems serve this residential income property.
Where is this residential income property located?
The property is located at 2311 RHAWN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $339,950.
What are key features of this property?
This property features: Residential income property with 1,600 recorded property size; Built in 1950; Detached garage plus on‑street parking
