Five-Unit Multifamily
For Sale
$495,000
3521 N 21st Street, Philadelphia, PA 19140
Well-maintained five-unit building offers three one-bed units and two studio units with practical, straightforward layouts.
Property Size2,540 SF
Price / SF$194.88
Days on Market79
Property Features for 3521 N 21st Street
General Information
Standard status
Active
Size
2,540 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
OCF Realty LLC
(856) 347-0434
Listed By:
Philadelphia
(856) 347-0434
Source:
Xome
Added: May 14
Changed: Jul 10
Last Checked: Jul 3 at 1:47PM
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 OCF Realty LLC
Investment Insights
Based on property information with market context.
This well-kept five-unit multifamily property consists of three one-bedroom, one-bath units and two studio units. The building is described as having practical layouts and straightforward systems, supported by light interior refreshes mentioned as an opportunity to optimize rents over time.
The property is located in Philadelphia’s West Allegheny neighborhood, with access to nearby transit and major thoroughfares cited in the offering. It is noted to be near Broad Street transit and Roosevelt Blvd, with neighborhood retail and key bus routes in the surrounding area.
For buyers seeking a residential income asset, the unit mix provides flexibility for tenant types while keeping the overall configuration simple across the building. The offering notes financial information is available on request, and the property is also available individually or as part of a three-property, 14-unit package that includes 2122 W Estaugh St and 1729 W Erie Ave.
The property is located in Philadelphia’s West Allegheny neighborhood, with access to nearby transit and major thoroughfares cited in the offering. It is noted to be near Broad Street transit and Roosevelt Blvd, with neighborhood retail and key bus routes in the surrounding area.
For buyers seeking a residential income asset, the unit mix provides flexibility for tenant types while keeping the overall configuration simple across the building. The offering notes financial information is available on request, and the property is also available individually or as part of a three-property, 14-unit package that includes 2122 W Estaugh St and 1729 W Erie Ave.
Key Highlights
- 5‑unit multifamily in Philadelphia’s West Allegheny neighborhood with three 1 bed / 1 bath units and two studio units
- Central air cooling and heating system listed (Heating: 3)
- On‑street parking available
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.1k | $30.36 |
| − Vacancy | −$4.5k | −$1.76 |
| EGI | $72.6k | $28.60 |
| − OpEx | −$32.7k | −$12.87 |
| NOI | $40.0k | $15.73 |
2,540 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$570.8K
$499.4K – $665.9K
NOI $39,953 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$619.2K
$541.8K – $722.4K
NOI $43,345 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,604
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained five-unit building offers three one-bed units and two studio units with practical, straightforward layouts.
Where is this apartment building located?
The property is located at 3521 N 21st Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 5‑unit multifamily in Philadelphia’s West Allegheny neighborhood with three 1 bed / 1 bath units and two studio units; Central air cooling and heating system listed (Heating: 3); On‑street parking available
