5-Unit Apartment
For Sale
$640,000
2317 N 33RD STREET, Philadelphia, PA 19132
Well-configured five-unit building with a mix of one-bedroom, studio, and efficiency apartments.
Days on Market23
Property Features for 2317 N 33RD STREET
General Information
Standard status
Active
Property subtype
Quadruplex
Units
Unit Mix
3 x 1BR, 1 x studio, 1 x efficiency
Multifamily Units
5
Additional Details
Highway Access
Yes
Building Details
Building Size
2,550 SF
Year Built
1915
Listing Agency:
Keller Williams Liberty Place
(570) 690-8064
Listed By:
Alyce Gerhardt
(570) 690-8064
Source:
Patmckennarealtors
Added: Jul 9
Changed: Jul 31
Last Checked: Jul 31 at 2:34AM
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 Keller Williams Liberty Place
Investment Insights
Based on property information with market context.
This 5-unit income property is configured with three 1-bedroom units, one studio, and one additional efficiency unit. Built in 1915, the building is designed to serve a broad tenant mix with multiple smaller unit types. It is positioned as an investor or owner-occupant opportunity.
The property is located at 2317 N 33rd Street, in close proximity to East Fairmount Park, Kelly Dr, I-76, and the Schuylkill River Trail. This surrounding access may support demand from tenants who value convenient connectivity and nearby recreation.
With a balanced mix across 1-bedroom, studio, and efficiency layouts, this apartment building provides a straightforward multifamily option for buyers seeking manageable scale and multiple unit types within a single asset.
The property is located at 2317 N 33rd Street, in close proximity to East Fairmount Park, Kelly Dr, I-76, and the Schuylkill River Trail. This surrounding access may support demand from tenants who value convenient connectivity and nearby recreation.
With a balanced mix across 1-bedroom, studio, and efficiency layouts, this apartment building provides a straightforward multifamily option for buyers seeking manageable scale and multiple unit types within a single asset.
Key Highlights
- Five‑unit configuration with three 1‑bedroom units, one studio, and one efficiency unit
- Investor or owner‑occupant opportunity
- Year built: 1915
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 | $77.4k | $30.36 |
| − Vacancy | −$4.5k | −$1.76 |
| EGI | $72.9k | $28.60 |
| − OpEx | −$32.8k | −$12.87 |
| NOI | $40.1k | $15.73 |
2,550 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$573.0K
$501.4K – $668.5K
NOI $40,110 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$621.6K
$543.9K – $725.3K
NOI $43,515 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-configured five-unit building with a mix of one-bedroom, studio, and efficiency apartments.
Where is this apartment building located?
The property is located at 2317 N 33RD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Five‑unit configuration with three 1‑bedroom units, one studio, and one efficiency unit; Investor or owner‑occupant opportunity; Year built: 1915
