One-Bedroom Residential Income
For Sale
$249,900
334 S 12TH STREET Unit 3F, Philadelphia, PA 19107
Historic six-unit brownstone residence with updated kitchen features, shared laundry, and basement storage.
Property Size489 SF
Days on Market17
Property Features for 334 S 12TH STREET Unit 3F
General Information
Standard status
Active
Size
489 SF
Property subtype
Unit/Flat/Apartment
Additional Details
HOA Fee
$190
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,325
Amenities
shared laundry
shared basement storage
Building Details
Building Size
489 SF
Year Built
1895
Construction
brownstone
Listing Agency:
Prevu Real Estate, LLC
Listed By:
Todd Hovanec · License #RB069093
(212) 203-2016
Source:
Patmckennarealtors
Added: Aug 24
Changed: Sep 8
Last Checked: Sep 8 at 11:24AM
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 Prevu Real Estate, LLC
Investment Insights
Based on property information with market context.
This one-bedroom condominium is located within a six-unit brownstone constructed in 1895. The home features an open living area with high ceilings and two large south-facing windows, plus a bedroom with queen-bed capacity, closet storage, and two east-facing windows. The kitchen includes stainless steel appliances, granite counters, extensive cabinetry, and a breakfast bar.
Residents have access to shared laundry facilities and a common basement storage area. The property is in Washington Square West within Center City, near Whole Foods, Seger Dog Park, Antique Row, Louis I. Kahn Park, Jefferson and Pennsylvania Hospitals, the Avenue of the Arts, public transit, and Center City dining.
Residents have access to shared laundry facilities and a common basement storage area. The property is in Washington Square West within Center City, near Whole Foods, Seger Dog Park, Antique Row, Louis I. Kahn Park, Jefferson and Pennsylvania Hospitals, the Avenue of the Arts, public transit, and Center City dining.
Key Highlights
- One‑bedroom condominium in a six‑unit brownstone built in 1895
- Kitchen with stainless steel appliances, granite counters, cabinetry, and breakfast bar
- Living area features high ceilings and two large south‑facing windows
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
$7,692
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
3.08%
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%
$153,840
$153.8K
Cap Rate 7%
$109,886
$109.9K
Cap Rate 9%
$85,467
$85.5K
Market Conditions
NOI Build-Up for 489 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
$14.8K $30.36/SF
− Vacancy
−$861 −$1.76/SF
EGI
$14.0K $28.60/SF
− OpEx
−$6.3K −$12.87/SF
NOI
$7.7K $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%
$153,840
Cap Rate 7%
$109,886
Cap Rate 9%
$85,467
Alternative Uses
Best Use
Apartment 5plus
$109.9K
$96.2K – $128.2K
NOI $7,692 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$119.2K
$104.3K – $139.1K
NOI $8,345 @ 7.0% cap · market cap 3.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
24,657
Businesses Nearby
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Historic six-unit brownstone residence with updated kitchen features, shared laundry, and basement storage.
Where is this residential income property located?
The property is located at 334 S 12TH STREET Unit 3F Philadelphia, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: One‑bedroom condominium in a six‑unit brownstone built in 1895; Kitchen with stainless steel appliances, granite counters, cabinetry, and breakfast bar; Living area features high ceilings and two large south‑facing windows
