Colonial Multifamily
For Sale
$443,425
531 S 55TH STREET, Philadelphia, PA 19143
Built in 1925, the property has central air and natural-gas hot-water heating.
Property Size2,412 SF
Price / SF$183.84
Days on Market9
Property Features for 531 S 55TH STREET
General Information
Standard status
Active
Size
2,412 SF
Property subtype
Residential Income
Zoning
RSA5
Taxes and HOA fees
Annual Taxes
$3,262
Amenities
Central Air, Electric
Natural Gas, Hot Water
Finished
Electric Water Heater
On Street
Colonial
Building Details
Building Size
2,412 SF
Year Built
1925
Listing Agency:
Ergo Real Estate Company
Listed By:
Julian V Hinson · License #RB-0020530
(267) 607-3551
Source:
Evrealestate
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 20 at 8:43PM
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 Ergo Real Estate Company
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Investment Insights
Based on property information with market context.
This Colonial-style multifamily property at 531 S 55th Street in Philadelphia was built in 1925. Interior features include central air, natural-gas hot-water heating, and an electric water heater. The property is zoned RSA5, with on-street parking noted.
Key Highlights
- Built in 1925
- RSA5 zoning
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,241
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,820
$464.8K
Cap Rate 7%
$332,014
$332.0K
Cap Rate 9%
$258,233
$258.2K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$45.7K $18.96/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$42.3K $17.52/SF
− OpEx
−$19.0K −$7.88/SF
NOI
$23.2K $9.64/SF
Area
ZIP 19143
Vacancy
7.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,820
Cap Rate 7%
$332,014
Cap Rate 9%
$258,233
Alternative Uses
Best Use
Apartment 5plus
$332.0K
$290.5K – $387.4K
NOI $23,241 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$826.7K
$723.4K – $964.5K
NOI $57,869 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,409
Businesses Nearby
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Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1925, the property has central air and natural-gas hot-water heating.
Where is this multifamily property located?
The property is located at 531 S 55TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $443,425.
What are key features of this property?
This property features: Built in 1925; RSA5 zoning; Central air conditioning
