Residential Income Property with Private
New
For Sale
$515,000
541 S 12TH STREET Unit A, Philadelphia, PA 19147
The two-level condo pairs dedicated parking with private outdoor space and two full bathrooms.
Property Size1,146 SF
Price / SF$449.39
Days on Market3
Property Features for 541 S 12TH STREET Unit A
General Information
Standard status
Active
Size
1,146 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,380
Amenities
private patio
in-unit washer/dryer
Building Details
Building Size
1,146 SF
Year Built
1990
Listing Agency:
KW Empower
Listed By:
Kelly Ann Gorman · License #RS357449
(215) 301-7437
Source:
Patmckennarealtors
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:31PM
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
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Investment Insights
Based on property information with market context.
This two-level residential property offers 1,146 square feet, with two bedrooms and two full bathrooms. Hardwood flooring extends through the upper level and staircase, and each bedroom has a walk-in closet. The kitchen includes a granite breakfast bar and ample cabinetry, with additional storage beneath the stairs. A washer and dryer are located on the second floor, and the unit opens to a private patio with a dedicated parking space just beyond it.
Improvements include renovated bathrooms and updated kitchen cabinetry in 2023, a water heater installed in 2024, and a new HVAC system and roof in 2025. The property was built in 1990.
Washington Square Park, Seger Park, Pennsylvania Hospital, Thomas Jefferson University Hospital, the Italian Market, Whole Foods, and ACME are among the named destinations in the surrounding area. The Broad Street Line and nearby highways are also noted as accessible from the property.
Improvements include renovated bathrooms and updated kitchen cabinetry in 2023, a water heater installed in 2024, and a new HVAC system and roof in 2025. The property was built in 1990.
Washington Square Park, Seger Park, Pennsylvania Hospital, Thomas Jefferson University Hospital, the Italian Market, Whole Foods, and ACME are among the named destinations in the surrounding area. The Broad Street Line and nearby highways are also noted as accessible from the property.
Key Highlights
- Two bedrooms and two full bathrooms in 1,146 square feet
- Private patio with a dedicated one‑car parking space
- Two walk‑in closets and additional under‑stair storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,026
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,520
$360.5K
Cap Rate 7%
$257,514
$257.5K
Cap Rate 9%
$200,289
$200.3K
Market Conditions
NOI Build-Up for 1,146 SF
Gross rent
$34.8K $30.36/SF
− Vacancy
−$2.0K −$1.76/SF
EGI
$32.8K $28.60/SF
− OpEx
−$14.7K −$12.87/SF
NOI
$18.0K $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%
$360,520
Cap Rate 7%
$257,514
Cap Rate 9%
$200,289
Alternative Uses
Best Use
Apartment 5plus
$257.5K
$225.3K – $300.4K
NOI $18,026 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$279.4K
$244.5K – $325.9K
NOI $19,556 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,285
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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Frequently Asked Questions
What type of property is this?
Residential income property - The two-level condo pairs dedicated parking with private outdoor space and two full bathrooms.
Where is this residential income property located?
The property is located at 541 S 12TH STREET Unit A Philadelphia, PA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in 1,146 square feet; Private patio with a dedicated one‑car parking space; Two walk‑in closets and additional under‑stair storage
