Professionally Managed Five-Unit Apartment
For Sale
$600,000
560 S 48TH STREET, Philadelphia, PA 19143
Five-unit apartment building with four one-bedroom units and one two-bedroom unit, fully occupied and professionally managed.
Property Size3,068 SF
Days on Market101
Property Features for 560 S 48TH STREET
General Information
Standard status
Active
Size
3,068 SF
Property subtype
Five Or More Units
Occupancy
100%
Site & Location
Neighborhood
West Philadelphia
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$7,014
Building Details
Building Size
3,068 SF
Year Built
1925
Tenancy
Multi
Listing Agency:
Realty World Properties, Inc.
Listed By:
Shawna Marie McAleer · License #RS273702
(215) 915-7185
Source:
Patmckennarealtors
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 28 at 1:31PM
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 Realty World Properties, Inc.
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Investment Insights
Based on property information with market context.
This for-sale, professionally managed five-unit apartment building is currently fully occupied and arranged with four one-bedroom units and one two-bedroom unit. The property is being sold in an as-is, where-is condition.
The building is located in Cedar Park, Philadelphia, PA, at 560 S 48th St. Prospective purchasers are advised to review assessment and tax amounts via the City’s tax site prior to closing.
The building is located in Cedar Park, Philadelphia, PA, at 560 S 48th St. Prospective purchasers are advised to review assessment and tax amounts via the City’s tax site prior to closing.
Key Highlights
- Five‑unit apartment building with four 1‑bedroom units and one 2‑bedroom unit
- Fully occupied with four 1BD units and one 2BD unit
- Professionally managed property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,562
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,240
$591.2K
Cap Rate 7%
$422,314
$422.3K
Cap Rate 9%
$328,467
$328.5K
Market Conditions
NOI Build-Up for 3,068 SF
Gross rent
$58.2K $18.96/SF
− Vacancy
−$4.4K −$1.44/SF
EGI
$53.7K $17.52/SF
− OpEx
−$24.2K −$7.88/SF
NOI
$29.6K $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%
$591,240
Cap Rate 7%
$422,314
Cap Rate 9%
$328,467
Alternative Uses
Best Use
Apartment 5plus
$422.3K
$369.5K – $492.7K
NOI $29,562 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$920.1K – $1.23M
NOI $73,608 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,397
Businesses Nearby
Explore this area
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building with four one-bedroom units and one two-bedroom unit, fully occupied and professionally managed.
Where is this apartment building located?
The property is located at 560 S 48TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Five‑unit apartment building with four 1‑bedroom units and one 2‑bedroom unit; Fully occupied with four 1BD units and one 2BD unit; Professionally managed property
