6-Unit Multifamily
334 REED ST, Philadelphia, PA 19147
For Sale
$899,999
Each residence has a bedroom, full bath, living area, and kitchen, with additional finished space in the building.
Property Size3,200 SF
Price / SF$281.25
Days on Market20
Property Features for 334 REED ST
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Tenancy
Listing Agency:
EXIT Elevate Realty
(215) 623-6000
Listed By:
John Michael DeFeo Jr. · License PA #2297088
(267) 307-5890
Source:
Towncentermd
Added: Oct 24
Changed: Nov 9
Last Checked: Nov 12 at 7:00AM
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 EXIT Elevate Realty
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Investment Insights
Based on property information with market context.
334 Reed Street is a six-unit apartment building with additional finished space. Each unit includes a bedroom, full bathroom, living area, and kitchen. The property contains 3,200 square feet, with the extra finished area adding to its existing residential configuration.
The building is in Philadelphia’s 19147 ZIP code, near shopping, dining, transportation, Center City, and major highways. Zoning, permitted use, unit count, and the intended use of all spaces require buyer verification.
The building is in Philadelphia’s 19147 ZIP code, near shopping, dining, transportation, Center City, and major highways. Zoning, permitted use, unit count, and the intended use of all spaces require buyer verification.
Key Highlights
- Six residential units, each with a bedroom, full bath, living area, and kitchen
- 3,200‑square‑foot building with additional finished space
- 334 Reed Street in Philadelphia’s 19147 ZIP code
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,334
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,680
$1.0M
Cap Rate 7%
$719,057
$719.1K
Cap Rate 9%
$559,267
$559.3K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$97.2K $30.36/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$91.5K $28.60/SF
− OpEx
−$41.2K −$12.87/SF
NOI
$50.3K $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%
$1,006,680
Cap Rate 7%
$719,057
Cap Rate 9%
$559,267
Alternative Uses
Best Use
Apartment 5plus
$719.1K
$629.2K – $838.9K
NOI $50,334 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$780.1K
$682.6K – $910.1K
NOI $54,608 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,605
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Each residence has a bedroom, full bath, living area, and kitchen, with additional finished space in the building.
Where is this apartment building located?
The property is located at 334 REED ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Six residential units, each with a bedroom, full bath, living area, and kitchen; 3,200‑square‑foot building with additional finished space; 334 Reed Street in Philadelphia’s 19147 ZIP code
