5-Unit Apartment
For Sale
$1,050,000
448 E Girard Ave, Philadelphia, PA 19125
Separate utilities serve each residence, alongside custom-designed kitchens and bathrooms.
Property Size2,530 SF
Price / SF$415.02
Days on Market14
Property Features for 448 E Girard Ave
General Information
Standard status
Active
Size
2,530 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
5
Amenities
common rear yard
Building Details
Year Built
1915
Buildings
1
Listing Agency:
KW Empower
Listed By:
Mario J Tropea Jr · License #AB062206L
(215) 627-3500
Source:
Viewmarylandhomesforsale
Added: Oct 8
Changed: Oct 19
Last Checked: Oct 20 at 10:09PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This 2,530-square-foot apartment property contains five units, each with a custom-designed kitchen and bathroom. Utilities are separate for each unit. A shared rear yard provides outdoor space, and the common basement contains newly installed mechanical systems.
The property is on E Girard Ave in Philadelphia’s Fishtown neighborhood. Restaurants, shops, supermarkets, and public transportation are within walking distance.
The property is on E Girard Ave in Philadelphia’s Fishtown neighborhood. Restaurants, shops, supermarkets, and public transportation are within walking distance.
Key Highlights
- Five‑unit apartment building with 2,530 square feet
- Separate utilities for each unit
- Custom‑designed kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,796
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,920
$795.9K
Cap Rate 7%
$568,514
$568.5K
Cap Rate 9%
$442,178
$442.2K
Market Conditions
NOI Build-Up for 2,530 SF
Gross rent
$76.8K $30.36/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$72.4K $28.60/SF
− OpEx
−$32.6K −$12.87/SF
NOI
$39.8K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,920
Cap Rate 7%
$568,514
Cap Rate 9%
$442,178
Alternative Uses
Best Use
Apartment 5plus
$568.5K
$497.5K – $663.3K
NOI $39,796 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$616.8K
$539.7K – $719.6K
NOI $43,174 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,202
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Separate utilities serve each residence, alongside custom-designed kitchens and bathrooms.
Where is this apartment building located?
The property is located at 448 E Girard Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Five‑unit apartment building with 2,530 square feet; Separate utilities for each unit; Custom‑designed kitchens and bathrooms
