Loft Residential Income
New
For Sale
$374,900
314 BROWN STREET Unit 207, Philadelphia, PA 19123
Bi-level condo with deeded parking, industrial finishes, private storage, fitness access, and a landscaped shared courtyard.
Property Size1,248 SF
Days on Market6
Property Features for 314 BROWN STREET Unit 207
General Information
Standard status
Active
Size
1,248 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,380
Amenities
secured private storage unit
fitness center
secure main entrance with keypad entry
interior mail and package room
shared courtyard
in-unit washer/dryer
Building Details
Building Size
1,248 SF
Year Built
1960
Construction
loft-style
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Rachel Finkelstein · License #RS341080
(484) 802-3377
Source:
Patmckennarealtors
Added: Sep 11
Changed: Sep 15
Last Checked: Sep 15 at 11:56AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This bi-level residential income property is a second-floor condo with an open loft-style layout and a bedroom positioned above the main living level. The interior features 18-foot ceilings, exposed timber beams, brick walls, visible ductwork, polished industrial concrete floors with epoxy, and oversized front and rear windows. A flexible entry area, half bathroom, storage closet, in-unit washer and dryer, contemporary kitchen, and open dining space support daily living and entertaining. The upper-level bedroom includes hardwood flooring, substantial closet space, a walk-in closet, and an ensuite bathroom with a tub-shower combination.
The building adds practical shared amenities, including deeded parking, a secured basement storage unit, fitness center access, keypad-controlled entry, an interior mail and package room, and a landscaped communal courtyard. The property is positioned between Fishtown and Old City, with access to I-95, I-676, and I-76. The Market-Frankford Line is four blocks away, while restaurants, cafes, breweries, and retail are within walking distance.
The building adds practical shared amenities, including deeded parking, a secured basement storage unit, fitness center access, keypad-controlled entry, an interior mail and package room, and a landscaped communal courtyard. The property is positioned between Fishtown and Old City, with access to I-95, I-676, and I-76. The Market-Frankford Line is four blocks away, while restaurants, cafes, breweries, and retail are within walking distance.
Key Highlights
- Bi‑level second‑floor condo with an upper‑level bedroom and 18‑foot ceilings
- Deeded parking plus secured private basement storage
- Original timber beams, exposed brick, ductwork, and polished industrial concrete floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,630
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$392,600
$392.6K
Cap Rate 7%
$280,429
$280.4K
Cap Rate 9%
$218,111
$218.1K
Market Conditions
NOI Build-Up for 1,248 SF
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.
Gross rent
$37.9K $30.36/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$35.7K $28.60/SF
− OpEx
−$16.1K −$12.87/SF
NOI
$19.6K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$392,600
Cap Rate 7%
$280,429
Cap Rate 9%
$218,111
Alternative Uses
Best Use
Apartment 5plus
$280.4K
$245.4K – $327.2K
NOI $19,630 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$304.2K
$266.2K – $355.0K
NOI $21,297 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,437
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Bi-level condo with deeded parking, industrial finishes, private storage, fitness access, and a landscaped shared courtyard.
Where is this residential income property located?
The property is located at 314 BROWN STREET Unit 207 Philadelphia, PA.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Bi‑level second‑floor condo with an upper‑level bedroom and 18‑foot ceilings; Deeded parking plus secured private basement storage; Original timber beams, exposed brick, ductwork, and polished industrial concrete floors
