Loft-Style Residential Income
New
For Sale
$259,900
870 N 28TH STREET Unit 115, Philadelphia, PA 19130
Updated condominium unit with gated parking, shared outdoor areas, and a flexible loft-style interior.
Property Size835 SF
Days on Market5
Property Features for 870 N 28TH STREET Unit 115
General Information
Standard status
Active
Size
835 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,419
Amenities
gated parking
community rooftop
ground-level outdoor area with seating and grilling
in-unit laundry
fireplace
Building Details
Building Size
835 SF
Year Built
1900
Listing Agency:
KW Empower
(215) 301-7437
Listed By:
Kelly Ann Gorman · License #RS357449
(215) 301-7437
Source:
Patmckennarealtors
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 4 at 5:18AM
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 KW Empower
Investment Insights
Based on property information with market context.
Unit 115 is a first-level condominium with more than 800 square feet arranged around an open loft-style design. The residence includes one bedroom, one bathroom, soaring ceilings, oversized windows, a fireplace, and two walk-in closets. An updated kitchen features quartz countertops, stainless steel appliances, a dishwasher, and subway tile backsplash. The upper-level sleeping area includes built-in shelving, additional storage, a full bathroom, and in-unit laundry.
The property is located at 870 N 28th Street in Philadelphia, with gated parking and access to two shared outdoor areas. The ground-level space provides seating and grilling facilities, while the community rooftop offers additional gathering space. Nearby destinations identified for dining, recreation, and culture include Lemon Hill, Fairmount Park, Kelly Drive, the Schuylkill River Trail, the Philadelphia Museum of Art, Boathouse Row, Center City, University City, and 30th Street Station. The building dates to 1900.
The property is located at 870 N 28th Street in Philadelphia, with gated parking and access to two shared outdoor areas. The ground-level space provides seating and grilling facilities, while the community rooftop offers additional gathering space. Nearby destinations identified for dining, recreation, and culture include Lemon Hill, Fairmount Park, Kelly Drive, the Schuylkill River Trail, the Philadelphia Museum of Art, Boathouse Row, Center City, University City, and 30th Street Station. The building dates to 1900.
Key Highlights
- More than 800 square feet with one bedroom and one bathroom
- Loft‑style layout with soaring ceilings, oversized windows, and a fireplace
- Updated kitchen with quartz counters and stainless steel appliances
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 | $25.4k | $30.36 |
| − Vacancy | −$1.5k | −$1.76 |
| EGI | $23.9k | $28.60 |
| − OpEx | −$10.7k | −$12.87 |
| NOI | $13.1k | $15.73 |
835 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$187.6K
$164.2K – $218.9K
NOI $13,134 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$203.6K
$178.1K – $237.5K
NOI $14,249 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,660
Businesses Nearby
Explore this area
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
$483,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium unit with gated parking, shared outdoor areas, and a flexible loft-style interior.
Where is this residential income property located?
The property is located at 870 N 28TH STREET Unit 115 Philadelphia, PA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: More than 800 square feet with one bedroom and one bathroom; Loft‑style layout with soaring ceilings, oversized windows, and a fireplace; Updated kitchen with quartz counters and stainless steel appliances
