Residential Income
New
For Sale
$239,700
4966 W THOMPSON STREET, Philadelphia, PA 19131
Straight-through residential income property with electric service, an electric water heater, and RM1 zoning.
Property Size1,176 SF
Price / SF$203.83
Days on Market3
Property Features for 4966 W THOMPSON STREET
General Information
Standard status
Active
Size
1,176 SF
Property subtype
Residential Income
Zoning
RM1
Taxes and HOA fees
Annual Taxes
$1,452
Amenities
Electric
Electric Water Heater
On Street
Straight Thru
Building Details
Building Size
1,176 SF
Year Built
1925
Listing Agency:
Rehobot Real Estate, LLC
(215) 716-7173
Listed By:
Sergio Giraldo
(215) 716-7173
Source:
Evrealestate
Added: Jul 31
Changed: Aug 2
Last Checked: Aug 2 at 4:34AM
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 Rehobot Real Estate, LLC
Investment Insights
Based on property information with market context.
This residential income property was built in 1925 and offers 1,176 square feet of property area in a straight-through configuration. Interior features include electric service and an electric water heater, while exterior details include on-street parking. The property carries RM1 zoning and is located in Philadelphia, Pennsylvania.
The address is on W Thompson Street between N 50th Street and Lancaster Avenue. The surrounding street references provide access from both W Thompson Street and Lancaster Avenue, with the property positioned within the Philadelphia city context.
The address is on W Thompson Street between N 50th Street and Lancaster Avenue. The surrounding street references provide access from both W Thompson Street and Lancaster Avenue, with the property positioned within the Philadelphia city context.
Key Highlights
- 1,176 square feet of property area
- Built in 1925
- RM1 zoning
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 | $35.7k | $30.36 |
| − Vacancy | −$2.1k | −$1.76 |
| EGI | $33.6k | $28.60 |
| − OpEx | −$15.1k | −$12.87 |
| NOI | $18.5k | $15.73 |
1,176 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$264.3K
$231.2K – $308.3K
NOI $18,498 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$286.7K
$250.9K – $334.5K
NOI $20,068 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Straight-through residential income property with electric service, an electric water heater, and RM1 zoning.
Where is this residential income property located?
The property is located at 4966 W THOMPSON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $239,700.
What are key features of this property?
This property features: 1,176 square feet of property area; Built in 1925; RM1 zoning
