Renovated
For Sale
$899,900
507 Christian St, Philadelphia, PA 19147
Three one-bedroom apartments feature separate utilities, in-unit laundry, and central air and heat.
Property Size2,265 SF
Price / SF$397.31
Days on Market51
Property Features for 507 Christian St
General Information
Standard status
Active
Size
2,265 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Amenities
in-unit washer/dryer
central air conditioning
central heating
stainless steel appliances
dishwasher
hardwood floors
keyless entry
private outdoor area
Building Details
Year Built
1915
Buildings
1
Tenancy
Multi
Listing Agency:
Century 21 Forrester Real Estate
Listed By:
Michael A Giangiordano II · License #RS338459
(215) 334-3333
Source:
Bethsamberg
Added: Aug 25
Changed: Oct 3
Last Checked: Oct 7 at 4:34PM
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 Century 21 Forrester Real Estate
Investment Insights
Based on property information with market context.
This 2,265-square-foot triplex contains three one-bedroom apartments that have been renovated and maintained with contemporary finishes. Each unit includes a kitchen with stainless steel appliances and a dishwasher, a tiled bathroom, hardwood flooring, in-unit washer and dryer, and central air and heat. Separate utility service and keyless access are provided for each apartment and the exterior entrances.
The first-floor apartment opens to a yard and private outdoor area. A full, unfinished basement houses the mechanical systems, utility meters, and fire alarm equipment and is excluded from the tenant leases. The property is fully leased and located at 507 Christian St in Philadelphia, Pennsylvania.
The first-floor apartment opens to a yard and private outdoor area. A full, unfinished basement houses the mechanical systems, utility meters, and fire alarm equipment and is excluded from the tenant leases. The property is fully leased and located at 507 Christian St in Philadelphia, Pennsylvania.
Key Highlights
- 2,265‑square‑foot triplex with three one‑bedroom apartments
- Fully leased property with separate utilities for each unit
- Renovated kitchens include stainless steel appliances and dishwashers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,652
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,040
$773.0K
Cap Rate 7%
$552,171
$552.2K
Cap Rate 9%
$429,467
$429.5K
Market Conditions
NOI Build-Up for 2,265 SF
Gross rent
$58.4K $25.80/SF
− Vacancy
−$3.2K −$1.42/SF
EGI
$55.2K $24.38/SF
− OpEx
−$16.6K −$7.31/SF
NOI
$38.7K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,040
Cap Rate 7%
$552,171
Cap Rate 9%
$429,467
Alternative Uses
Best Use
Multifamily LT 5
$552.2K
$483.2K – $644.2K
NOI $38,652 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$509.0K
$445.3K – $593.8K
NOI $35,627 @ 7.0% cap · market cap 3.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,030
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom apartments feature separate utilities, in-unit laundry, and central air and heat.
Where is this triplex located?
The property is located at 507 Christian St Philadelphia, PA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 2,265‑square‑foot triplex with three one‑bedroom apartments; Fully leased property with separate utilities for each unit; Renovated kitchens include stainless steel appliances and dishwashers
