Philadelphia Multifamily Property for Sale

275 South 56th Street, Philadelphia, PA 19139

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For Sale

$399,000

Multifamily property in Philadelphia, 1856 square feet.

Type:Multi-Family / Fee Simple

Property size:

1,856 SF

Price / SF:

$214/SF

HighLights

Accessibility features include 2+ access exits, 32"+ wide doors, and 36"+ wide halls
Located in Philadelphia, MLS Area 19139
School District: Philadelphia City
Built in 1925
County: Philadelphia
Other structures include above grade and below grade elements

We can help!

Listing Contact

M.Ari Miller

Learn more

For Sale

$399,000

Multifamily property in Philadelphia, 1856 square feet.

Type:Multi-Family / Fee Simple

Property size:

1,856 SF

Price / SF:

$214/SF

Added:: Jul 19, 2025
Days on Market:: 333
Last Refresh:: Mar 13 at 4:45 pm

Property Features for 275 South 56th Street

General Information

Standard status: Active
Size: 1,856 SF
Property subtype: Multi-Family / Fee Simple

Building Details

Year Built: 1925

We can help!

Listing Contact

M.Ari Miller

Listing agent M.Ari Miller License #RM423760

Listing office Real Estate Management Advisors LLC

Listing date Jul 19, 2025

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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 Real Estate Management Advisors LLC

HighLights

Accessibility features include 2+ access exits, 32"+ wide doors, and 36"+ wide halls
Located in Philadelphia, MLS Area 19139
School District: Philadelphia City
Built in 1925
County: Philadelphia
Other structures include above grade and below grade elements

Overview

Located in Philadelphia, this multifamily property offers approximately 1856 square feet of space. The property is situated within the 19139 MLS area and falls under the jurisdiction of the Philadelphia City School District.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$56.3k	$30.36
− Vacancy	−$3.3k	−$1.76
EGI	$53.1k	$28.60
− OpEx	−$23.9k	−$12.87
NOI	$29.2k	$15.73

1,856 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$417.1K

$364.9K – $486.6K (±1% cap)

NOI $29,194 @ 7.0% cap · market cap 7.32%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$452.5K

$395.9K – $527.9K (±1% cap)

NOI $31,672 @ 7.0% cap · market cap 7.94%

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

Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.2336913
Latitude: 39.9559098

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For sale
Multifamily properties
PA
Philadelphia
19139
275 South 56th Street

What type of property is this?

Multifamily property - Multifamily property in Philadelphia, 1856 square feet.

Where is this multifamily property located?

The property is located at 275 South 56th Street Philadelphia, PA.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Accessibility features include 2+ access exits, 32"+ wide doors, and 36"+ wide halls; Located in Philadelphia, MLS Area 19139; School District: Philadelphia City

275 South 56th Street, Philadelphia, PA 19139

Multifamily property in Philadelphia, 1856 square feet.

Property Features for 275 South 56th 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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