Five-Unit Corner Apartment
734 S 20TH STREET Philadelphia, PA 19146
734 S 20TH STREET, Philadelphia, PA, 19146
$799,500
For Sale
$799,500
Five apartments in a corner building with separately metered utilities and air conditioning across all units.
Property Size2,340 SF
Price / SF$341.67
Days on Market11
Property Features for 734 S 20TH STREET
General Information
- Standard status
- Active
- Size
- 2,340 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Best City Homes Inc
(267) 977-8205
Listed by
Richard B Moore · License #RM419421
(267) 977-8205
Source
Cummingsrealtors
Added: Jul 13 Updated: Jul 21 at 5:10AM Checked: Jul 23 at 5:24AM
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 Best City Homes Inc
Investment Insights
Based on property information with market context.
This five-unit corner apartment building offers single-occupancy layouts and compact apartment sizes. Each unit has separately metered utilities, with the exception of hot and cold water. The property includes vinyl double-pane insulated windows, air conditioning in all units, and gas boilers in four of the five apartments. A coin-operated washer and dryer is also on site, and several units feature updated engineered wood flooring. Recent improvements include freshly painted exterior finishes and a roof replacement for approximately half of the roof about two years ago.
The building is located on S 20th Street at the corner of Clymer Streets in Philadelphia’s Center City area. The asset is positioned for convenient access to local dining, shopping, parks, and major institutions, with walk and transit scores described as extremely strong in the provided information.
As a multifamily property, it provides five rental units within an existing rental license context noted as part of the current offering.
The building is located on S 20th Street at the corner of Clymer Streets in Philadelphia’s Center City area. The asset is positioned for convenient access to local dining, shopping, parks, and major institutions, with walk and transit scores described as extremely strong in the provided information.
As a multifamily property, it provides five rental units within an existing rental license context noted as part of the current offering.
Key Highlights
- Five‑unit corner apartment building at 20th and Clymer Streets in Center City Philadelphia
- Each unit has separately metered utilities (except hot and cold water) and all units have air conditioning
- Gross annual income $71,220 and net annual income $52,532.40; cap rate 6.57% (per provided information)
Local 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 | $71.0k | $30.36 |
| − Vacancy | −$4.1k | −$1.76 |
| EGI | $66.9k | $28.60 |
| − OpEx | −$30.1k | −$12.87 |
| NOI | $36.8k | $15.73 |
2,340 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$525.8K
$460.1K – $613.5K
NOI $36,807 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$570.5K
$499.2K – $665.5K
NOI $39,932 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
215alive
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five apartments in a corner building with separately metered utilities and air conditioning across all units.
Where is this apartment building located?
The property is located at 734 S 20TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,500.
What are key features of this property?
This property features: Five‑unit corner apartment building at 20th and Clymer Streets in Center City Philadelphia; Each unit has separately metered utilities (except hot and cold water) and all units have air conditioning; Gross annual income $71,220 and net annual income $52,532.40; cap rate 6.57% (per provided information)
