Multifamily
For Sale
$140,000
729 W Rockland St, Philadelphia, PA 19120
Multifamily property with electric baseboard heat, an electric water heater, and on-street parking.
Property Size1,264 SF
Price / SF$110.76
Days on Market22
Property Features for 729 W Rockland St
General Information
Standard status
Active
Size
1,264 SF
Property subtype
Residential Income
Zoning
RSA5
Taxes and HOA fees
Annual Taxes
$2,382
Amenities
Baseboard, Electric
Electric Water Heater
On Street
Other
Building Details
Building Size
1,264 SF
Year Built
1940
Listing Agency:
Opulent Realty Group LLC
(215) 601-5182
Listed By:
Seth Floyd · License #RM425920
(215) 601-5182
Source:
Evrealestate
Added: Jul 15
Changed: Aug 4
Last Checked: Aug 4 at 6:23AM
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 Opulent Realty Group LLC
Investment Insights
Based on property information with market context.
This multifamily property was built in 1940 and includes electric baseboard heating and an electric water heater. The property also offers on-street parking and is located at 729 W Rockland St in Philadelphia, Pennsylvania. Zoning is designated RSA5.
Key Highlights
- RSA5 zoning
- Built in 1940
- Electric baseboard heating
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.0k | $18.96 |
| − Vacancy | −$1.8k | −$1.44 |
| EGI | $22.1k | $17.52 |
| − OpEx | −$10.0k | −$7.88 |
| NOI | $12.2k | $9.64 |
1,264 SF · lease $18.96/SF/yr · vacancy 7.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$174.0K
$152.2K – $203.0K
NOI $12,179 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.9K
$264.2K – $352.3K
NOI $21,136 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
Explore this area
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
Market
Properties on Market for Multifamily properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property with electric baseboard heat, an electric water heater, and on-street parking.
Where is this multifamily property located?
The property is located at 729 W Rockland St Philadelphia, PA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: RSA5 zoning; Built in 1940; Electric baseboard heating
