Residential Income Property with Roof
For Sale
$699,900
Pending
662 N 13TH STREET, Philadelphia, PA 19123
A 2023-built residence pairs three bedrooms and three full baths with covered parking and multiple outdoor spaces.
Property Size2,540 SF
Days on Market23
Property Features for 662 N 13TH STREET
General Information
Standard status
Pending
Size
2,540 SF
Total Parking Spaces
2
Property subtype
Apartment
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Amenities
roof deck
pergola
deck
Building Details
Year Built
2023
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Kelly Ann Gorman · License #2077589
(215) 301-7437
Source:
Coremarylandhomes
Added: Oct 10
Changed: Oct 31
Last Checked: Oct 31 at 2:28PM
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 KW Empower
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Investment Insights
Based on property information with market context.
Built in 2023, this 21.5-foot-wide residence has three bedrooms, three full bathrooms, a finished basement, and two-car covered parking. The second-floor kitchen and living area opens to a deck, while the rooftop terrace features a built-in pergola and city views. Additional features include hardwood floors, nine-foot ceilings, a walk-in closet, and a dedicated laundry room. A private bedroom, full bath, and flex area occupy the first floor; the primary suite and third bedroom are upstairs.
The property is between Fairmount and Northern Liberties, one block from the Broad Street Line. ALDI and several named coffee shops, restaurants, and bars are nearby. The residence also has more than eight years remaining on its tax abatement.
The property is between Fairmount and Northern Liberties, one block from the Broad Street Line. ALDI and several named coffee shops, restaurants, and bars are nearby. The residence also has more than eight years remaining on its tax abatement.
Key Highlights
- Built in 2023 and 21.5 feet wide
- Three bedrooms and three full bathrooms
- Two‑car covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,953
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,060
$799.1K
Cap Rate 7%
$570,757
$570.8K
Cap Rate 9%
$443,922
$443.9K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$77.1K $30.36/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$72.6K $28.60/SF
− OpEx
−$32.7K −$12.87/SF
NOI
$40.0K $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%
$799,060
Cap Rate 7%
$570,757
Cap Rate 9%
$443,922
Alternative Uses
Best Use
Apartment 5plus
$570.8K
$499.4K – $665.9K
NOI $39,953 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$619.2K
$541.8K – $722.4K
NOI $43,345 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,284
Businesses Nearby
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Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 2023-built residence pairs three bedrooms and three full baths with covered parking and multiple outdoor spaces.
Where is this residential income property located?
The property is located at 662 N 13TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Built in 2023 and 21.5 feet wide; Three bedrooms and three full bathrooms; Two‑car covered parking
