Renovated 6-Unit Apartment
825 N 41st Street, Philadelphia, PA 19104
For Sale
$995,000
Six one-bedroom apartments are occupied by subsidized tenants, with updated kitchens and bathrooms throughout.
Property Size2,712 SF
Price / SF$366.89
Days on Market14
Property Features for 825 N 41st Street
General Information
Standard status
Size
Zoning
Occupancy
Net Operating Income
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Natural Gas
Yes
Electric
Public
U50
17.00 x 96.00
0.04
No
Assessor
On Street
0.00
39980.00
Building Details
Year Built
Listing Agency:
BHHS Fox & Roach-Center City Walnut
(215) 627-6005
Listed By:
ERIC Andrew Dvotsky · License PA RS332410
(267) 243-4652
Source:
Chennaultrealestate
Added: Oct 30
Changed: Nov 10
Last Checked: Nov 12 at 12:59PM
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 BHHS Fox & Roach-Center City Walnut
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Investment Insights
Based on property information with market context.
This six-unit apartment property contains six one-bedroom, one-bathroom residences. Recent interior work includes refreshed kitchens and bathrooms, stainless steel appliances, hardwood-style floors, tiled backsplashes, and contemporary fixtures. All six apartments are occupied, and the property is zoned RSA5. The building dates to 1915.
At 825 N 41st Street in Philadelphia, the property is near Drexel University and University City, with access to Center City and I-76. The surrounding area is described as experiencing residential and mixed-use development. The stated regional context also includes institutional investment and rental demand from students, professionals, and healthcare employees.
At 825 N 41st Street in Philadelphia, the property is near Drexel University and University City, with access to Center City and I-76. The surrounding area is described as experiencing residential and mixed-use development. The stated regional context also includes institutional investment and rental demand from students, professionals, and healthcare employees.
Key Highlights
- Six one‑bedroom, one‑bathroom apartments
- All six units occupied by subsidized tenants
- Updated kitchens and bathrooms, stainless steel appliances, hardwood‑style flooring, and tiled backsplashes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,658
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,160
$853.2K
Cap Rate 7%
$609,400
$609.4K
Cap Rate 9%
$473,978
$474.0K
Market Conditions
NOI Build-Up for 2,712 SF
Gross rent
$82.3K $30.36/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$77.6K $28.60/SF
− OpEx
−$34.9K −$12.87/SF
NOI
$42.7K $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%
$853,160
Cap Rate 7%
$609,400
Cap Rate 9%
$473,978
Alternative Uses
Best Use
Apartment 5plus
$609.4K
$533.2K – $711.0K
NOI $42,658 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$661.1K
$578.5K – $771.3K
NOI $46,280 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,341
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Philadelphia, PA
Properties on Market for Apartment buildings in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom apartments are occupied by subsidized tenants, with updated kitchens and bathrooms throughout.
Where is this apartment building located?
The property is located at 825 N 41st Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Six one‑bedroom, one‑bathroom apartments; All six units occupied by subsidized tenants; Updated kitchens and bathrooms, stainless steel appliances, hardwood‑style flooring, and tiled backsplashes
