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For sale
Residential income properties
PA
Philadelphia
19121
2348 TURNER STREET

New Construction Condominium in Philadelphia

2348 TURNER STREET, Philadelphia, PA 19121

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For Sale

$410,000

New construction condominium with tax abatement, prime Philadelphia location.

Type:Condo/Townhome

Property size:

1,926 SF

Price / SF:

$212/SF

HighLights

Prime location in 19121, walking distance to Philadelphia Zoo, Art Museum, and Kelly Drive; short drive to 76 and Center City.
New construction condominium built in 2024.
Full 10‑year tax abatement.
Two bedroom, two full bath, one half bath layout.
Master bedroom suite with closet and bathroom.
One year builder warranty.

We can help!

Listing Contact

Zac T Rank

For Sale

$410,000

New construction condominium with tax abatement, prime Philadelphia location.

Type:Condo/Townhome

Property size:

1,926 SF

Price / SF:

$212/SF

Added:: Sep 20, 2024
Days on Market:: 635
Last Refresh:: May 19 at 8:57 pm

Property Features for 2348 TURNER STREET

General Information

Standard status: Active
Size: 1,926 SF
Property subtype: Condo/Townhome

Building Details

Year Built: 2024

We can help!

Listing Contact

Zac T Rank

Listing agent Zac T Rank License #RS323894

Listing office Iron Valley Real Estate Doylestown

Listing date Sep 20, 2024

Source Exitrealty

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 Iron Valley Real Estate Doylestown

HighLights

Prime location in 19121, walking distance to Philadelphia Zoo, Art Museum, and Kelly Drive; short drive to 76 and Center City.
New construction condominium built in 2024.
Full 10‑year tax abatement.
Two bedroom, two full bath, one half bath layout.
Master bedroom suite with closet and bathroom.
One year builder warranty.

Overview

This is a new construction condominium located in Philadelphia, PA 19121. The property features 2 bedrooms, 2 full bathrooms, and 1 half bathroom. The unit size is 1926 square feet. The condominium has electric cooking and heating, with gas as an option. The master bedroom includes a suite with a closet and bathroom. The property is within walking distance of the Philadelphia Zoo, Art Museum, and Kelly Drive. It is a short drive to 76 and five minutes from Center City. A full 10-year tax abatement and a one-year builder warranty are included.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.5k	$30.36
− Vacancy	−$3.4k	−$1.76
EGI	$55.1k	$28.60
− OpEx	−$24.8k	−$12.87
NOI	$30.3k	$15.73

1,926 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$432.8K

$378.7K – $504.9K (±1% cap)

NOI $30,295 @ 7.0% cap · market cap 7.39%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$469.5K

$410.8K – $547.8K (±1% cap)

NOI $32,867 @ 7.0% cap · market cap 8.02%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.174
Latitude: 39.979668

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For sale
Residential income properties
PA
Philadelphia
19121
2348 TURNER STREET

What type of property is this?

Residential income property - New construction condominium with tax abatement, prime Philadelphia location.

Where is this residential income property located?

The property is located at 2348 TURNER STREET Philadelphia, PA.

What is the asking price?

The asking price for this property is $410,000.

What are key features of this property?

This property features: Prime location in 19121, walking distance to Philadelphia Zoo, Art Museum, and Kelly Drive; short drive to 76 and Center City.; New construction condominium built in 2024.; Full 10‑year tax abatement.

2348 TURNER STREET, Philadelphia, PA 19121

New construction condominium with tax abatement, prime Philadelphia location.

Property Features for 2348 TURNER STREET

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Freestanding Single-Story Retail Building

Freestanding Office Building on Corner

Restaurant Opportunity in Philadelphia, PA

Medical Office Building with Parking

Iconic East Falls Cornerstone Building

Industrial Garage-Style Property Package

Mixed-Use Brownstone with Storefront

Prime Philadelphia Retail Opportunity

Mixed-Use Building with Two-Level Layout

Turnkey Three-Story Building with Elevator

Triplex with Central Air Units

Turnkey Triplex with Tax Abatement

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