One-Bedroom Residential Income
For Sale
$259,000
314 BROWN STREET Unit B2, Philadelphia, PA 19123
An 850-square-foot condo pairs a contemporary kitchen with an in-unit washer and dryer.
Property Size895 SF
Price / SF$304.71
Days on Market10
Property Features for 314 BROWN STREET Unit B2
General Information
Standard status
Active
Size
895 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,534
Amenities
fitness center
secure keypad entry
mail and package room
courtyard
in-unit washer/dryer
Building Details
Building Size
895 SF
Year Built
1960
Listing Agency:
Magella Real Estate
Listed By:
Gerard M Galster II · License #SB065328
(215) 300-0685
Source:
Patmckennarealtors
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 30 at 10:31PM
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 Magella Real Estate
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Investment Insights
Based on property information with market context.
This 850-square-foot condominium has one bedroom and one full bathroom, with the kitchen and living room arranged together. The kitchen includes an island, stainless steel appliances, and modern cabinetry; heated floors, high ceilings, and track lighting are also present. The unit has its own washer and dryer. The building was constructed in 1960 and offers a fitness center, keypad-controlled main entry, an indoor mail and package room, and a landscaped shared courtyard.
The property is in Philadelphia’s Northern Liberties neighborhood, between Fishtown and Old City. I-95, I-676, and I-76 are accessible from the area, and the Market-Frankford Line is four blocks away. Restaurants, cafes, arts, and cultural destinations are within walking distance.
The property is in Philadelphia’s Northern Liberties neighborhood, between Fishtown and Old City. I-95, I-676, and I-76 are accessible from the area, and the Market-Frankford Line is four blocks away. Restaurants, cafes, arts, and cultural destinations are within walking distance.
Key Highlights
- 850 square feet with one bedroom and one full bathroom
- Kitchen features an island, stainless steel appliances, and modern cabinetry
- In‑unit washer and dryer; heated floors and track lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,370
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,400
$267.4K
Cap Rate 7%
$191,000
$191.0K
Cap Rate 9%
$148,556
$148.6K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$25.8K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$24.3K $28.60/SF
− OpEx
−$10.9K −$12.87/SF
NOI
$13.4K $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 Rate 5%
$267,400
Cap Rate 7%
$191,000
Cap Rate 9%
$148,556
Alternative Uses
Best Use
Apartment 5plus
$191.0K
$167.1K – $222.8K
NOI $13,370 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$207.2K
$181.3K – $241.8K
NOI $14,505 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Residential income property - An 850-square-foot condo pairs a contemporary kitchen with an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 314 BROWN STREET Unit B2 Philadelphia, PA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 850 square feet with one bedroom and one full bathroom; Kitchen features an island, stainless steel appliances, and modern cabinetry; In‑unit washer and dryer; heated floors and track lighting
