Roxborough Multifamily Investment
359 Lyceum Avenue Philadelphia, PA 19128
359 Lyceum Avenue, Philadelphia, PA, 19128
$920,000
Pending
For Sale
$920,000
Pending
Value-add 5-unit apartment building in thriving Philadelphia submarket.
Property Size4,670 SF
Days on Market360
Property Features for 359 Lyceum Avenue
General Information
- Standard status
- Pending
- Size
- 4,670 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing Agency
Compass Pennsylvania, LLC
(610) 606-1095
Listed by
Ryan J McManus · License #RS316262
(610) 606-1095
Source
Compass
Added: Jul 24, 2025 Checked: Jul 17 at 4:53 am
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
The property at 359 Lyceum Avenue is a 5-unit apartment building located in Roxborough, a submarket in Northwest Philadelphia. The 3-story structure contains approximately 4670 square feet. The unit mix includes three 1-bedroom, 1-bathroom apartments, one 2-bedroom, 1-bathroom apartment, and one 2-bedroom, 2-bathroom apartment. The property features a private driveway that provides tenant parking at a ratio of one space per unit, as well as a private auxiliary unit or ADU. This multifamily real estate acquisition offers potential for rent growth and OPEX minimization.
Key Highlights
- Located in Roxborough, a thriving submarket of Northwest Philadelphia with surging rental demand.
- 5‑unit apartment building (5‑plex) with a mix of 1‑bedroom and 2‑bedroom apartments.
- Private driveway provides 1:1 tenant parking.
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 | $141.8k | $30.36 |
| − Vacancy | −$8.2k | −$1.76 |
| EGI | $133.6k | $28.60 |
| − OpEx | −$60.1k | −$12.87 |
| NOI | $73.5k | $15.73 |
4,670 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$918.2K – $1.22M
NOI $73,457 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.14M
$996.2K – $1.33M
NOI $79,693 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Value-add 5-unit apartment building in thriving Philadelphia submarket.
Where is this apartment building located?
The property is located at 359 Lyceum Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Located in Roxborough, a thriving submarket of Northwest Philadelphia with surging rental demand.; 5‑unit apartment building (5‑plex) with a mix of 1‑bedroom and 2‑bedroom apartments.; **Private driveway provides 1:1 tenant parking.**
