6-Unit Apartment
For Sale
$639,900
234-38 W ROOSEVELT BOULEVARD, Philadelphia, PA 19120
Five residences are occupied under month-to-month leases, with utilities separately metered for tenant payment.
Property Size3,450 SF
Price / SF$185.48
Days on Market122
Property Features for 234-38 W ROOSEVELT BOULEVARD
General Information
Standard status
Active
Size
3,450 SF
Property subtype
Duplex
Site & Location
Neighborhood
Northwest Philadelphia
Units
Unit Mix
6 x 1BR
Multifamily Units
6
Individually Metered Utilities
electricity, heat, hot water
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,393
Building Details
Building Size
3,450 SF
Year Built
1940
Tenancy
Multi
Listing Agency:
Giraldo Real Estate Group
Listed By:
Jackeline Estrada · License #RS377975
(267) 506-3230
Source:
Desantis-realestate
Added: Jul 1
Changed: Oct 27
Last Checked: Oct 27 at 4:16AM
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 Giraldo Real Estate Group
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Investment Insights
Based on property information with market context.
This 3,450-square-foot apartment building dates to 1940 and contains six one-bedroom units. Two apartments have a basement connection that could support additional bedrooms and bathrooms. Electric, heat, and hot water are separately metered, with tenants responsible for those utilities.
Five of the six apartments are occupied on month-to-month leases. The property is located at 234-38 W Roosevelt Boulevard in Philadelphia.
Five of the six apartments are occupied on month-to-month leases. The property is located at 234-38 W Roosevelt Boulevard in Philadelphia.
Key Highlights
- Six one‑bedroom apartments in a 3,450‑square‑foot building
- Two units have basement connections with potential for added bedrooms and bathrooms
- Electric, heat, and hot water are separately metered and tenant‑paid
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,242
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,840
$664.8K
Cap Rate 7%
$474,886
$474.9K
Cap Rate 9%
$369,356
$369.4K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$65.4K $18.96/SF
− Vacancy
−$5.0K −$1.44/SF
EGI
$60.4K $17.52/SF
− OpEx
−$27.2K −$7.88/SF
NOI
$33.2K $9.64/SF
Area
ZIP 19120
Vacancy
7.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,840
Cap Rate 7%
$474,886
Cap Rate 9%
$369,356
Alternative Uses
Best Use
Apartment 5plus
$474.9K
$415.5K – $554.0K
NOI $33,242 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$824.1K
$721.1K – $961.5K
NOI $57,689 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,494
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five residences are occupied under month-to-month leases, with utilities separately metered for tenant payment.
Where is this apartment building located?
The property is located at 234-38 W ROOSEVELT BOULEVARD Philadelphia, PA.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Six one‑bedroom apartments in a 3,450‑square‑foot building; Two units have basement connections with potential for added bedrooms and bathrooms; Electric, heat, and hot water are separately metered and tenant‑paid
