2315-00 S 12TH Street Philadelphia, PA 19148
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Features for 2315-00 S 12TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Active
- Size
- 1,888 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3320
Utilities
- Heating system
- Baseboard, Heat Pump (Heating), Electric (Heating)
- Cooling system
- Wall Unit(s), Ductless
Building Details
- Year built
- 1925
- Number of units
- 3
- Building materials
- Masonry, Stucco
- Architectural style
- Other
Listing agent Shengfei Lin License #RS330620 (215) 218-0939
Listing office Target Realty 612 Washington Avenue unit: 1, Philadelphia, PA (215) 218-0939
Listing date Apr 20, 2026
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Investment Insights
Based on property information with market context.
The property is located at 2315-00 S 12TH Street in Philadelphia, Pennsylvania (19148). It is offered for sale and includes a currently vacant storefront alongside occupied or ready-to-rent residential components, depending on tenant status.
With a storefront component and two renovated apartments configured vertically and on the first floor, the building supports mixed-use income potential through its residential units and commercial space.
Key Highlights
- Property built in 1925 with masonry and stucco construction materials
- Three‑unit mix: one storefront (currently vacant), a 1‑bedroom rear unit on the first floor, and a renovated 2‑bedroom apartment on the second floor
- Fully renovated 2‑bedroom apartment includes an outdoor patio
Local Financial Insights For Multifamily LT 5
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 | $48.7k | $25.80 |
| − Vacancy | −$2.7k | −$1.42 |
| EGI | $46.0k | $24.38 |
| − OpEx | −$13.8k | −$7.31 |
| NOI | $32.2k | $17.06 |
