Five-Unit Apartment
New
For Sale
$475,000
3521 N 21ST STREET, Philadelphia, PA 19140
Well-kept five-unit apartment building featuring three one-bedroom units and two studio units, built in 1930.
Days on Market3
Property Features for 3521 N 21ST STREET
General Information
Standard status
Active
Property subtype
Five Or More Units
Units
Unit Mix
3 x 1BR/1BA, 2 x studio
Multifamily Units
5
Additional Details
Public Transit
Yes
Building Details
Building Size
2,540 SF
Year Built
1930
Listing Agency:
OCF Realty LLC - Philadelphia
(856) 347-0434
Listed By:
Kevin M McGettigan · License #RS326539
(856) 347-0434
Source:
Patmckennarealtors
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 9:43PM
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 - Philadelphia
Investment Insights
Based on property information with market context.
This well-kept five-unit apartment building offers a simple, practical unit mix designed to support long-term occupancy. The property includes three one-bedroom, one-bath units and two studio units. The building was constructed in 1930.
The property is located in Philadelphia’s West Allegheny neighborhood, positioned near Broad Street transit, Roosevelt Blvd, neighborhood retail, and key bus routes. This access to transit and everyday services supports consistent tenant demand.
For buyers evaluating portfolio strategies, the property is also offered as part of a three-property, 14-unit package with 2122 W Estaugh St and 1729 W Erie Ave. Financial details are available on request.
The property is located in Philadelphia’s West Allegheny neighborhood, positioned near Broad Street transit, Roosevelt Blvd, neighborhood retail, and key bus routes. This access to transit and everyday services supports consistent tenant demand.
For buyers evaluating portfolio strategies, the property is also offered as part of a three-property, 14-unit package with 2122 W Estaugh St and 1729 W Erie Ave. Financial details are available on request.
Key Highlights
- Five‑unit apartment building with three one‑bedroom, one‑bath units
- Two studio units
- Year built: 1930
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 8.41%
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 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
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-kept five-unit apartment building featuring three one-bedroom units and two studio units, built in 1930.
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 $475,000.
What are key features of this property?
This property features: Five‑unit apartment building with three one‑bedroom, one‑bath units; Two studio units; Year built: 1930
