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    Philadelphia Multifamily Property for Sale Title is generated by Realmo AI

    5410 Delancey Street, Philadelphia, PA 19143

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    Claim this Listing
    For Sale
    $399,000

    Multifamily property in Philadelphia, PA, with 2075 square feet.

    Type:Multi-Family / Fee Simple
    Property size:
    2,075 SF
    Price / SF:
    $192/SF
    Added:
    Jul 20, 2025
    Days on Market:
    332
    Last Refresh:
    Mar 13 at 3:19 pm

    Property Features for 5410 Delancey Street

    General Information

    Standard status
    Active
    Size
    2,075 SF
    Property subtype
    Multi-Family / Fee Simple

    Building Details

    Year Built
    2024

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    Listing Contact
    M.Ari Miller

    Listing agent M.Ari Miller License #RM423760

    Listing office Real Estate Management Advisors LLC

    Listing date Jul 20, 2025

    Source Compass

    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

    HighLights

    • New construction built in 2024
    • Located in Philadelphia County
    • Situated in MLS Area 19139
    • School District: PHILADELPHIA CITY
    • Accessibility features include 2+ access exits and 32"+ wide doors
    • Includes above grade and below grade structures

    Overview

    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.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $39.3k $18.96
    − Vacancy −$3.0k −$1.44
    EGI $36.4k $17.52
    − OpEx −$16.4k −$7.88
    NOI $20.0k $9.64
    2,075 SF · lease $18.96/SF/yr · vacancy 7.60% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $285.6K
    $249.9K – $333.2K (±1% cap)
    NOI $19,994 @ 7.0% cap · market cap 5.01%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $711.2K
    $622.3K – $829.7K (±1% cap)
    NOI $49,784 @ 7.0% cap · market cap 12.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.2303412
    Latitude
    39.9544263

    FAQs

    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 Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: New construction built in 2024; Located in Philadelphia County; Situated in MLS Area 19139
    More about this property
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