Philadelphia Multifamily Property for
For Sale
$379,999
5410 Delancey St, Philadelphia, PA 19143
Multifamily property in Philadelphia, PA, with 2075 square feet.
Property Size1,488 SF
Price / SF$255.38
Days on Market225
Property Features for 5410 Delancey St
General Information
Standard status
Active
Size
1,488 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
West Philadelphia
Building Details
Year Built
2022
Listing Agency:
Real Estate Management Advisors LLC
Listed By:
M.Ari Miller · License #RM423760
(215) 914-0700
Source:
Bethsamberg
Added: Mar 13
Changed: Oct 2
Last Checked: Oct 7 at 5:08PM
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 Real Estate Management Advisors LLC
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Investment Insights
Based on property information with market context.
Located in Philadelphia, this multifamily property offers approximately 2075 square feet of space. The property is situated within the 19139 MLS Area and falls under the Philadelphia City School District. The School District County ID is 803408593408.
Key Highlights
- New construction built in 2024
- Located in Philadelphia County
- Situated in MLS Area 19139
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,338
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,760
$286.8K
Cap Rate 7%
$204,829
$204.8K
Cap Rate 9%
$159,311
$159.3K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$28.2K $18.96/SF
− Vacancy
−$2.1K −$1.44/SF
EGI
$26.1K $17.52/SF
− OpEx
−$11.7K −$7.88/SF
NOI
$14.3K $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%
$286,760
Cap Rate 7%
$204,829
Cap Rate 9%
$159,311
Alternative Uses
Best Use
Apartment 5plus
$204.8K
$179.2K – $239.0K
NOI $14,338 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.0K
$446.3K – $595.0K
NOI $35,701 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,513
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 - Multifamily property in Philadelphia, PA, with 2075 square feet.
Where is this multifamily property located?
The property is located at 5410 Delancey St Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,999.
What are key features of this property?
This property features: New construction built in 2024; Located in Philadelphia County; Situated in MLS Area 19139
