Five-Unit Income Property
2317 North 33rd Street Philadelphia, PA 19132
2317 North 33rd Street, Philadelphia, PA, 19132
$670,000
For Sale
$670,000
Well-configured five-unit building with three 1-bedroom units, a studio, and an efficiency unit.
Property Size2,550 SF
Price / SF$262.75
Days on Market138
Property Features for 2317 North 33rd Street
General Information
- Standard status
- Active
- Size
- 2,550 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing agency
Keller Williams Liberty Place
(570) 690-8064
Listed by
Alyce Gerhardt · License #RS316262
(570) 690-8064
Source
Compass
Added: Mar 6 Updated: Jul 21 at 2:23PM Checked: Jul 22 at 6:41AM
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 five-unit income property at 2317 N 33rd Street is well configured for rental demand, with three 1-bedroom units, one studio, and one additional efficiency unit. The asset is positioned as an investor or owner-occupant opportunity for those seeking existing income and manageable unit diversity.
The property is in close proximity to East Fairmount Park, Kelly Drive, I-76, and the Schuylkill River Trail, supporting convenient access to surrounding regional destinations.
If you’re looking to add to a multifamily portfolio or evaluate an owner-occupant strategy, this five-unit layout offers multiple smaller unit types within a single building.
The property is in close proximity to East Fairmount Park, Kelly Drive, I-76, and the Schuylkill River Trail, supporting convenient access to surrounding regional destinations.
If you’re looking to add to a multifamily portfolio or evaluate an owner-occupant strategy, this five-unit layout offers multiple smaller unit types within a single building.
Key Highlights
- 5‑unit income property built in 1915
- Unit mix: three 1‑bedroom units, one studio, and one efficiency unit
- Currently generating $5,300 in rental income
Local 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 5.99%
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 6.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-configured five-unit building with three 1-bedroom units, a studio, and an efficiency unit.
Where is this apartment building located?
The property is located at 2317 North 33rd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 5‑unit income property built in 1915; Unit mix: three 1‑bedroom units, one studio, and one efficiency unit; Currently generating $5,300 in rental income
