Remodeled Multifamily
For Sale
$300,000
5438 N Fairhill St, Philadelphia, PA 19120
Updated multifamily property constructed in 1935.
Property Size2,140 SF
Price / SF$140.19
Days on Market107
Property Features for 5438 N Fairhill St
General Information
Standard status
Active
Size
2,140 SF
Property subtype
Multi-Family
Building Details
Year Built
1935
Listing Agency:
Realty Mark Associates
Listed By:
Tahzib Bacchus · License #RS330208
(267) 689-7355
Source:
Upgradebymichaud
Added: Jul 9
Changed: Oct 7
Last Checked: Oct 20 at 10:42PM
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 Realty Mark Associates
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Investment Insights
Based on property information with market context.
Located at 5438 N Fairhill Street in Philadelphia, this multifamily property was constructed in 1935 and has been remodeled throughout. The property information identifies a 1,440 property size, providing a defined physical scale for evaluation.
Key Highlights
- Remodeled throughout
- Constructed in 1935
- 1,440 property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,620
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,400
$412.4K
Cap Rate 7%
$294,571
$294.6K
Cap Rate 9%
$229,111
$229.1K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$40.6K $18.96/SF
− Vacancy
−$3.1K −$1.44/SF
EGI
$37.5K $17.52/SF
− OpEx
−$16.9K −$7.88/SF
NOI
$20.6K $9.64/SF
Area
ZIP 19120
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%
$412,400
Cap Rate 7%
$294,571
Cap Rate 9%
$229,111
Alternative Uses
Best Use
Apartment 5plus
$294.6K
$257.8K – $343.7K
NOI $20,620 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.2K
$447.3K – $596.4K
NOI $35,784 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,897
Businesses Nearby
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Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated multifamily property constructed in 1935.
Where is this multifamily property located?
The property is located at 5438 N Fairhill St Philadelphia, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Remodeled throughout; Constructed in 1935; 1,440 property size
