Residential Income Property with
For Sale
$389,000
878 N PENNOCK STREET Unit A, Philadelphia, PA 19130
Two private outdoor areas complement a two-level residence with direct garage access.
Property Size1,235 SF
Days on Market31
Property Features for 878 N PENNOCK STREET Unit A
General Information
Standard status
Active
Size
1,235 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,119
Amenities
private front patio
additional outdoor space
Building Details
Building Size
1,235 SF
Year Built
1990
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Juliet C. Welker · License #AB068993
(215) 880-2129
Source:
Patmckennarealtors
Added: Oct 2
Changed: Oct 31
Last Checked: Oct 30 at 10:20PM
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 Compass Pennsylvania, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story condominium has 2 bedrooms and 1.5 bathrooms. The first floor includes a living and dining area, a kitchen, and a powder room, with direct access to the garage. Two private outdoor spaces are part of the home: a front patio and an additional area off the second bedroom.
The property is in Philadelphia’s Art Museum area, with access to Kelly Drive and the Parkway. Parks, museums, and restaurants are also among the nearby area amenities.
The property is in Philadelphia’s Art Museum area, with access to Kelly Drive and the Parkway. Parks, museums, and restaurants are also among the nearby area amenities.
Key Highlights
- Two‑story condominium with 2 bedrooms and 1.5 bathrooms
- Two private outdoor spaces, including a front patio
- Direct access to garage from the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,426
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,520
$388.5K
Cap Rate 7%
$277,514
$277.5K
Cap Rate 9%
$215,844
$215.8K
Market Conditions
NOI Build-Up for 1,235 SF
Gross rent
$37.5K $30.36/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$35.3K $28.60/SF
− OpEx
−$15.9K −$12.87/SF
NOI
$19.4K $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%
$388,520
Cap Rate 7%
$277,514
Cap Rate 9%
$215,844
Alternative Uses
Best Use
Apartment 5plus
$277.5K
$242.8K – $323.8K
NOI $19,426 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$301.1K
$263.4K – $351.3K
NOI $21,075 @ 7.0% cap · market cap 5.42%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Two private outdoor areas complement a two-level residence with direct garage access.
Where is this residential income property located?
The property is located at 878 N PENNOCK STREET Unit A Philadelphia, PA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑story condominium with 2 bedrooms and 1.5 bathrooms; Two private outdoor spaces, including a front patio; Direct access to garage from the first floor
