Straight-Through Residential Income
For Sale
$319,900
4817 N 11th St, Philadelphia, PA 19141
The 1935 property includes natural-gas hot water and carries RSA5 zoning.
Property Size1,710 SF
Price / SF$280.61
Days on Market79
Property Features for 4817 N 11th St
General Information
Standard status
Active
Size
1,710 SF
Property subtype
Residential Income
Zoning
RSA5
Taxes and HOA fees
Annual Taxes
$1,293
Amenities
Hot Water, Natural Gas
On Street
Straight Thru
Building Details
Building Size
1,710 SF
Year Built
1935
Listing Agency:
Keller Williams Main Line
(267) 939-4705
Listed By:
Edgardo Arquitola · License #RS331318
(267) 939-4705
Source:
Evrealestate
Added: Jun 12
Changed: Aug 13
Last Checked: Aug 28 at 7:39AM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
Located at 4817 N 11th St in Philadelphia, this residential income property offers 1,140 square feet within a straight-through configuration. The building dates to 1935 and includes hot water supplied by natural gas. RSA5 zoning is in place, while exterior features include on-street access and the property’s straight-through design.
The property is situated in Philadelphia County, with Center City Philadelphia identified in the provided directions. Access details reference I-76 W, US-1 N/Roosevelt Expressway, N 9th Street, W Wyoming Avenue, and N 11th Street.
The property is situated in Philadelphia County, with Center City Philadelphia identified in the provided directions. Access details reference I-76 W, US-1 N/Roosevelt Expressway, N 9th Street, W Wyoming Avenue, and N 11th Street.
Key Highlights
- 1,140‑square‑foot residential income property
- RSA5 zoning
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,932
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$358,640
$358.6K
Cap Rate 7%
$256,171
$256.2K
Cap Rate 9%
$199,244
$199.2K
Market Conditions
NOI Build-Up for 1,140 SF
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.
Gross rent
$34.6K $30.36/SF
− Vacancy
−$2.0K −$1.76/SF
EGI
$32.6K $28.60/SF
− OpEx
−$14.7K −$12.87/SF
NOI
$17.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$358,640
Cap Rate 7%
$256,171
Cap Rate 9%
$199,244
Alternative Uses
Best Use
Apartment 5plus
$256.2K
$224.2K – $298.9K
NOI $17,932 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$277.9K
$243.2K – $324.2K
NOI $19,454 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
Explore this area
Business Placement
Demographics for 19141, PA
31,047
Population
16,290
Households
1.9
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
1.7 sq mi
ZIP Area
18,263
Density / Sq Mi
$42,461
Median Household Income
$34,464
Median Earnings
$1,009
Median Rent
$143,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - The 1935 property includes natural-gas hot water and carries RSA5 zoning.
Where is this residential income property located?
The property is located at 4817 N 11th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 1,140‑square‑foot residential income property; RSA5 zoning; Built in 1935
