Residential Income Property with Roof
For Sale
$275,000
729 S 12TH STREET Unit 200, Philadelphia, PA 19147
One-bedroom condo with elevated ceilings, private outdoor space, and updated kitchen finishes on a quiet residential block.
Property Size529 SF
Days on Market204
Property Features for 729 S 12TH STREET Unit 200
General Information
Standard status
Active
Size
529 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,374
Amenities
private roof deck
shared backyard
private storage closet
Building Details
Building Size
529 SF
Year Built
1900
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Emily Nussbaum · License #RS335286
(215) 203-6303
Source:
Patmckennarealtors
Added: Feb 17
Changed: Sep 6
Last Checked: Sep 9 at 6:37AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This residential income property is a one-bedroom, one-bath condominium in a building constructed in 1900. The interior combines nearly 15-foot ceilings with hardwood floors, while the kitchen includes quartz countertops, stainless steel appliances, and an eat-in layout. The bedroom offers an oversized closet and custom storage, and a private basement storage closet adds useful additional space.
Outdoor features include a private roof deck with skyline views and access to a shared backyard. The property is on a quiet residential block in Philadelphia, near Center City and surrounded by restaurants, cafes, nightlife, and neighborhood businesses.
Outdoor features include a private roof deck with skyline views and access to a shared backyard. The property is on a quiet residential block in Philadelphia, near Center City and surrounded by restaurants, cafes, nightlife, and neighborhood businesses.
Key Highlights
- Private roof deck with skyline views
- One‑bedroom, one‑bath condominium
- Nearly 15‑foot ceilings and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,321
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$166,420
$166.4K
Cap Rate 7%
$118,871
$118.9K
Cap Rate 9%
$92,456
$92.5K
Market Conditions
NOI Build-Up for 529 SF
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.
Gross rent
$16.1K $30.36/SF
− Vacancy
−$932 −$1.76/SF
EGI
$15.1K $28.60/SF
− OpEx
−$6.8K −$12.87/SF
NOI
$8.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$166,420
Cap Rate 7%
$118,871
Cap Rate 9%
$92,456
Alternative Uses
Best Use
Apartment 5plus
$118.9K
$104.0K – $138.7K
NOI $8,321 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$129.0K
$112.8K – $150.5K
NOI $9,027 @ 7.0% cap · market cap 3.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
11,176
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condo with elevated ceilings, private outdoor space, and updated kitchen finishes on a quiet residential block.
Where is this residential income property located?
The property is located at 729 S 12TH STREET Unit 200 Philadelphia, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Private roof deck with skyline views; One‑bedroom, one‑bath condominium; Nearly 15‑foot ceilings and hardwood floors
