Five-Unit Masonry Apartment
330 S 42ND ST, Philadelphia, PA 19104
For Sale
Contact for pricing
RM-1-zoned property near the University of Pennsylvania and Penn Medicine.
Property Size3,780 SF
Price / SF$330.69
Days on Market101
Property Features for 330 S 42ND ST
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Construction
Listing Agency:
SDG Real Estate
Listed By:
Stephen Stafford · License PA RM424801
(609) 335-4016
Source:
Crexi
Added: Aug 4
Changed: Nov 12
Last Checked: Nov 12 at 7:24AM
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 SDG Real Estate
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Investment Insights
Based on property information with market context.
This 3,780-square-foot masonry apartment building was constructed in 1920 and contains five legal residential units. The documented configuration includes one two-bedroom, one-bath unit, one studio, two one-bedroom, one-bath units, and another two-bedroom, one-bath unit. Tenant-paid utilities are part of the existing setup.
The property is located in Philadelphia’s University City and Spruce Hill area near the University of Pennsylvania, Penn Medicine, CHOP, and Drexel. SEPTA trolley service and the Market-Frankford Line are within blocks, while the surrounding area has a Walk Score of 93+. The building is within the Southeast Spruce Hill Historic District, and exterior changes require approval from the Historical Commission.
The property is located in Philadelphia’s University City and Spruce Hill area near the University of Pennsylvania, Penn Medicine, CHOP, and Drexel. SEPTA trolley service and the Market-Frankford Line are within blocks, while the surrounding area has a Walk Score of 93+. The building is within the Southeast Spruce Hill Historic District, and exterior changes require approval from the Historical Commission.
Key Highlights
- Legal 5‑unit apartment building with a 3,780‑square‑foot footprint
- Built in 1920 with masonry construction
- Unit mix includes a studio, two 1BR/1BA units, and two 2BR/1BA units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,458
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,189,160
$1.2M
Cap Rate 7%
$849,400
$849.4K
Cap Rate 9%
$660,644
$660.6K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$114.8K $30.36/SF
− Vacancy
−$6.7K −$1.76/SF
EGI
$108.1K $28.60/SF
− OpEx
−$48.6K −$12.87/SF
NOI
$59.5K $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%
$1,189,160
Cap Rate 7%
$849,400
Cap Rate 9%
$660,644
Alternative Uses
Best Use
Apartment 5plus
$849.4K
$743.2K – $991.0K
NOI $59,458 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$921.5K
$806.3K – $1.08M
NOI $64,505 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
4,616
Businesses Nearby
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Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Philadelphia, PA
Properties on Market for Apartment buildings in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - RM-1-zoned property near the University of Pennsylvania and Penn Medicine.
Where is this apartment building located?
The property is located at 330 S 42ND ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Legal 5‑unit apartment building with a 3,780‑square‑foot footprint; Built in 1920 with masonry construction; Unit mix includes a studio, two 1BR/1BA units, and two 2BR/1BA units
