New Construction Apartment
For Sale
$1,195,000
518 West Susquehanna Avenue, Philadelphia, PA 19122
Five-unit multifamily property with private outdoor areas, contemporary finishes, and a unit mix spanning two- and three-bedroom layouts.
Property Size5,952 SF
Price / SF$200.77
Days on Market285
Property Features for 518 West Susquehanna Avenue
General Information
Standard status
Active
Size
5,952 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RM1
Financials
Gross Income
$106,800
Opportunity Zone
Yes
Units
Unit Mix
2 x 3bd/3ba bilevel, 2 x 2bd/2ba bilevel, 1 x 2bd/1.5bath
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$1,853
Amenities
decks
roof decks
patios
modern finishes
Pella windows
custom metal railings
entry lobby
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
2025
Buildings
1
Listing Agency:
KW Empower
(215) 279-0226
Listed By:
Eric R Fargnoli · License #RS317968
(215) 279-0226
Source:
Compass
Added: Nov 18, 2025
Changed: Aug 30
Last Checked: Aug 30 at 9:17AM
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
Investment Insights
Based on property information with market context.
Completed in 2025, this 5,952-square-foot apartment building contains five units with a mix of two- and three-bedroom floor plans. The configuration includes two three-bedroom, three-bath bilevel units, two two-bedroom, two-bath bilevel units, and one two-bedroom unit with one and a half baths. Each residence includes private outdoor space through decks, roof decks, or patios. Interior features include modern finishes and abundant natural light, while the building includes a substantial entry lobby, Pella windows, custom metal railings, TPO roofing, and a full red-brick front.
The property is located at 518 West Susquehanna Avenue in Philadelphia’s 19122 area and is zoned RM1. It is currently leased, includes a 10-year tax abatement, and is situated within a qualified opportunity zone. The Philadelphia City School District serves the property.
The property is located at 518 West Susquehanna Avenue in Philadelphia’s 19122 area and is zoned RM1. It is currently leased, includes a 10-year tax abatement, and is situated within a qualified opportunity zone. The Philadelphia City School District serves the property.
Key Highlights
- Five‑unit apartment building completed in 2025
- 5,952 SF building with two- and three‑bedroom residences
- Unit mix includes 2 three‑bedroom/3‑bath bilevels, 2 two‑bedroom/2‑bath bilevels, and 1 two‑bedroom/1.5‑bath unit
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
$93,622
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
7.83%
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%
$1,872,440
$1.9M
Cap Rate 7%
$1,337,457
$1.3M
Cap Rate 9%
$1,040,244
$1.0M
Market Conditions
NOI Build-Up for 5,952 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
$180.7K $30.36/SF
− Vacancy
−$10.5K −$1.76/SF
EGI
$170.2K $28.60/SF
− OpEx
−$76.6K −$12.87/SF
NOI
$93.6K $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%
$1,872,440
Cap Rate 7%
$1,337,457
Cap Rate 9%
$1,040,244
Alternative Uses
Best Use
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,622 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,570 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,000
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily property with private outdoor areas, contemporary finishes, and a unit mix spanning two- and three-bedroom layouts.
Where is this apartment building located?
The property is located at 518 West Susquehanna Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Five‑unit apartment building completed in 2025; 5,952 SF building with two- and three‑bedroom residences; Unit mix includes 2 three‑bedroom/3‑bath bilevels, 2 two‑bedroom/2‑bath bilevels, and 1 two‑bedroom/1.5‑bath unit
