12-Unit Apartment
For Sale
$783,333
5982-84 HENRY AVE, Philadelphia, PA 19128
Three buildings are offered together, with separate utilities and a one-car garage assigned to each residence.
Property Size3,192 SF
Price / SF$245.41
Days on Market9
Property Features for 5982-84 HENRY AVE
General Information
Standard status
Active
Size
3,192 SF
Total Parking Spaces
12
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
8 x 2BR, 4 x 1BR
Multifamily Units
12
Additional Details
Asking Price
$2,350,000
Amenities
washer/dryer
dedicated storage
Building Details
Buildings
3
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Keith M Stallone · License #RS326084
(267) 606-8502
Source:
Sandrasellstheshore
Added: Oct 1
Last Checked: Oct 7 at 12:11PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This three-building apartment offering contains 12 units: eight with two bedrooms and four with one bedroom. Each residence has separate utilities, dedicated storage, in-building laundry, and a dedicated one-car garage. All units are occupied, and the City of Philadelphia licenses are current.
The property is on Henry Avenue in Philadelphia, with access to Manayunk, Wissahickon Park, Center City, the Main Line, and public transit.
The property is on Henry Avenue in Philadelphia, with access to Manayunk, Wissahickon Park, Center City, the Main Line, and public transit.
Key Highlights
- 12 apartments across a three‑building package
- Eight two‑bedroom units and four one‑bedroom units
- Separate utilities and dedicated storage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,209
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,180
$1.0M
Cap Rate 7%
$717,271
$717.3K
Cap Rate 9%
$557,878
$557.9K
Market Conditions
NOI Build-Up for 3,192 SF
Gross rent
$96.9K $30.36/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$91.3K $28.60/SF
− OpEx
−$41.1K −$12.87/SF
NOI
$50.2K $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%
$1,004,180
Cap Rate 7%
$717,271
Cap Rate 9%
$557,878
Alternative Uses
Best Use
Apartment 5plus
$717.3K
$627.6K – $836.8K
NOI $50,209 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$778.2K
$680.9K – $907.9K
NOI $54,471 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Three buildings are offered together, with separate utilities and a one-car garage assigned to each residence.
Where is this apartment building located?
The property is located at 5982-84 HENRY AVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $783,333.
What are key features of this property?
This property features: 12 apartments across a three‑building package; Eight two‑bedroom units and four one‑bedroom units; Separate utilities and dedicated storage for each unit
