Six-Unit Apartment
New
For Sale
$815,000
521 S 42ND STREET, Philadelphia, PA 19104
A rear double-wide garage adds a separate covered vehicle and storage space to the residential property.
Property Size4,254 SF
Price / SF$191.58
Days on Market2
Property Features for 521 S 42ND STREET
General Information
Standard status
Active
Size
4,254 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Neighborhood
West Powelton
Road Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$90,840
Multifamily Units
6
Tenant in Place
Yes
Building Details
Year Built
1925
Listing Agency:
New Age Realty Group Inc
Listed By:
Christos Tzimoulis · License #RM423707
(215) 387-1002
Source:
Cummingsrealtors
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:53PM
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 New Age Realty Group Inc
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Investment Insights
Based on property information with market context.
This 1925 apartment building contains six units and includes a double-wide garage at the rear. The property extends from one street to another, with rear access to the garage. The building totals 4,254 square feet and is fully leased.
The property is in University City, Philadelphia, within the Penn Alexander Catchment area. Clark Park is a block away, and shops along Baltimore Avenue are within walking distance. Public transportation is available in the neighborhood.
The property is in University City, Philadelphia, within the Penn Alexander Catchment area. Clark Park is a block away, and shops along Baltimore Avenue are within walking distance. Public transportation is available in the neighborhood.
Key Highlights
- Six apartment units in a 4,254‑square‑foot building
- Double‑wide garage accessed from the rear
- Built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,913
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,260
$1.3M
Cap Rate 7%
$955,900
$955.9K
Cap Rate 9%
$743,478
$743.5K
Market Conditions
NOI Build-Up for 4,254 SF
Gross rent
$129.2K $30.36/SF
− Vacancy
−$7.5K −$1.76/SF
EGI
$121.7K $28.60/SF
− OpEx
−$54.7K −$12.87/SF
NOI
$66.9K $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 Rate 5%
$1,338,260
Cap Rate 7%
$955,900
Cap Rate 9%
$743,478
Alternative Uses
Best Use
Apartment 5plus
$955.9K
$836.4K – $1.12M
NOI $66,913 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.04M
$907.4K – $1.21M
NOI $72,594 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,208
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - A rear double-wide garage adds a separate covered vehicle and storage space to the residential property.
Where is this apartment building located?
The property is located at 521 S 42ND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Six apartment units in a 4,254‑square‑foot building; Double‑wide garage accessed from the rear; Built in 1925
