10-Unit Apartment Building with
New
For Sale
$1,300,000
Pending
351-55 Levick Street, Philadelphia, PA 19111
RSA3-zoned property offers rear-lot parking, private storage, and laundry facilities for residents.
Property Size6,586 SF
Days on Market5
Property Features for 351-55 Levick Street
General Information
Standard status
Pending
Size
6,586 SF
Total Parking Spaces
8
Zoning
RSA3
Occupancy
100%
Site & Location
Neighborhood
Northeast Philadelphia
Public Transit
Yes
Additional Details
Multifamily Units
10
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,537
Amenities
private balcony
washer and dryer
private storage space
hard-wired fire alarm system
Electric
Yes
Natural Gas
No
Public
CA0
70.00 x 138.00
0.22
Estimated
Parking Lot
10
6586.00
152475.00
Building Details
Building Size
6,586 SF
Year Built
1961
Buildings
1
Tenancy
Multi
Listing Agency:
Aarch Realty
(215) 728-1101
Listed By:
Lina Zheng
(917) 373-5900
Source:
Knot6
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 12:42PM
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 Aarch Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10-unit apartment building contains 6,586 square feet and was built in 1961. Each residence has living and dining areas, a kitchen, a bathroom with two entrances, a larger bedroom, a walk-in closet, and a private balcony. Two separate basement areas provide washer-and-dryer equipment and individual storage space for each unit. A hard-wired fire alarm system serves the building.
The property is fully occupied, with several long-term tenants. It is less than 1/2 mile from the Philadelphia/Montgomery County border and close to public transportation. Eight off-street parking spaces are located in a private rear parking lot. The property is zoned RSA3.
The property is fully occupied, with several long-term tenants. It is less than 1/2 mile from the Philadelphia/Montgomery County border and close to public transportation. Eight off-street parking spaces are located in a private rear parking lot. The property is zoned RSA3.
Key Highlights
- 10‑unit apartment building with 6,586 square feet; built in 1961
- Each unit includes living and dining areas, a kitchen, one bedroom with walk‑in closet, and a private balcony
- Eight off‑street parking spaces in a private rear lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,544
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,880
$1.6M
Cap Rate 7%
$1,164,914
$1.2M
Cap Rate 9%
$906,044
$906.0K
Market Conditions
NOI Build-Up for 6,586 SF
Gross rent
$153.3K $23.28/SF
− Vacancy
−$5.1K −$0.77/SF
EGI
$148.3K $22.51/SF
− OpEx
−$66.7K −$10.13/SF
NOI
$81.5K $12.38/SF
Area
ZIP 19111
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,880
Cap Rate 7%
$1,164,914
Cap Rate 9%
$906,044
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,544 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,777 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
10
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - RSA3-zoned property offers rear-lot parking, private storage, and laundry facilities for residents.
Where is this apartment building located?
The property is located at 351-55 Levick Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 10‑unit apartment building with 6,586 square feet; built in 1961; Each unit includes living and dining areas, a kitchen, one bedroom with walk‑in closet, and a private balcony; Eight off‑street parking spaces in a private rear lot
