Two-Bedroom Residential Income
For Sale
$409,000
853 N 15TH STREET Unit 1, Philadelphia, PA 19130
Open living and dining areas connect to a galley kitchen with GE appliances and quartz countertops.
Property Size1,425 SF
Days on Market17
Property Features for 853 N 15TH STREET Unit 1
General Information
Standard status
Active
Size
1,425 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Francisville
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$581
Building Details
Building Size
1,425 SF
Year Built
2017
Listing Agency:
Coldwell Banker Realty
Listed By:
Benjamin Katz · License #RS356819
(215) 260-9337
Source:
Patmckennarealtors
Added: Oct 16
Changed: Oct 31
Last Checked: Oct 30 at 7:43PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This two-bedroom residential income property was built in 2017. Its main level has an open living and dining arrangement, with oversized first-floor windows bringing natural light into the space. The galley kitchen is fitted with GE appliances, shaker-style cabinets, quartz counters, and a subway tile backsplash. The primary suite occupies the lower level and includes a walk-in closet and private bathroom; a second bedroom provides additional interior space.
Off-street parking is established at the property, though it is not deeded. The home also has a tax abatement with remaining term. The address is 853 N 15th Street, Unit 1, Philadelphia, PA 19130.
Off-street parking is established at the property, though it is not deeded. The home also has a tax abatement with remaining term. The address is 853 N 15th Street, Unit 1, Philadelphia, PA 19130.
Key Highlights
- Two bedrooms, including a lower‑level primary suite with walk‑in closet and en‑suite bathroom
- Built in 2017
- Off‑street parking is available but not deeded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,415
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,300
$448.3K
Cap Rate 7%
$320,214
$320.2K
Cap Rate 9%
$249,056
$249.1K
Market Conditions
NOI Build-Up for 1,425 SF
Gross rent
$43.3K $30.36/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$40.8K $28.60/SF
− OpEx
−$18.3K −$12.87/SF
NOI
$22.4K $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%
$448,300
Cap Rate 7%
$320,214
Cap Rate 9%
$249,056
Alternative Uses
Best Use
Apartment 5plus
$320.2K
$280.2K – $373.6K
NOI $22,415 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$347.4K
$304.0K – $405.3K
NOI $24,317 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,682
Businesses Nearby
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Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Open living and dining areas connect to a galley kitchen with GE appliances and quartz countertops.
Where is this residential income property located?
The property is located at 853 N 15TH STREET Unit 1 Philadelphia, PA.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Two bedrooms, including a lower‑level primary suite with walk‑in closet and en‑suite bathroom; Built in 2017; Off‑street parking is available but not deeded
