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    Five-Unit Multifamily Building Title is generated by Realmo AI

    3521 N 21st Street, Philadelphia, PA 19140

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    For Sale
    $495,000

    Well-maintained five-unit building offers three one-bed units and two studio units with practical, straightforward layouts.

    Type:Multi-Family
    Property size:
    2,540 SF
    Price / SF:
    $194/SF
    Added:
    May 14, 2026
    Days on Market:
    34
    Last Refresh:
    Jun 14 at 1:41 am

    Property Features for 3521 N 21st Street

    General Information

    Standard status
    Active
    Size
    2,540 SF
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1930

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    Listing Contact
    Philadelphia

    Listing agent Philadelphia

    Listing office OCF Realty LLC

    Listing date May 14, 2026

    Source Xome

    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

    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
    • Lot dimensions: 16.00 x 104.00
    • Zoning: RSA5
    • Year built: 1930

    Overview

    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.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $43,345 @ 7.0% cap · market cap 8.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.16291
    Latitude
    40.008087

    FAQs

    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
    More about this property
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