Residential Income Property with Detached
For Sale
$599,000
3509 W CLEARFIELD STREET, Philadelphia, PA 19132
Electric hot-water service and a separate garage are among the property’s recorded features.
Property Size2,400 SF
Price / SF$427.86
Days on Market59
Property Features for 3509 W CLEARFIELD STREET
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
RSA5
Site & Location
Neighborhood
North Philadelphia
Taxes and HOA fees
Annual Taxes
$1,798
Amenities
Central Air, Electric
Electric, Hot Water
Electric Water Heater
Garage, Other, Detached
Other
Building Details
Building Size
2,400 SF
Year Built
1929
Stories
2
Listed By:
Michael Saulino
(610) 636-7259
Source:
Evrealestate
Added: Sep 3
Changed: Oct 28
Last Checked: Oct 30 at 2:03PM
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 Michael Saulino
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Investment Insights
Based on property information with market context.
This residential income property dates to 1929 and includes a detached garage. Interior features include electric hot water and an electric water heater. The property is zoned RSA5.
Key Highlights
- Detached garage
- Built in 1929
- RSA5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,021
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,420
$440.4K
Cap Rate 7%
$314,586
$314.6K
Cap Rate 9%
$244,678
$244.7K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$42.5K $30.36/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$40.0K $28.60/SF
− OpEx
−$18.0K −$12.87/SF
NOI
$22.0K $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%
$440,420
Cap Rate 7%
$314,586
Cap Rate 9%
$244,678
Alternative Uses
Best Use
Apartment 5plus
$314.6K
$275.3K – $367.0K
NOI $22,021 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$341.3K
$298.6K – $398.2K
NOI $23,891 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
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Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Electric hot-water service and a separate garage are among the property’s recorded features.
Where is this residential income property located?
The property is located at 3509 W CLEARFIELD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Detached garage; Built in 1929; RSA5 zoning
