Residential Income Property with
For Sale
$269,900
8920 KREWSTOWN ROAD Unit 215, Philadelphia, PA 19115
An updated interior includes an open living area, in-unit laundry, and private outdoor space.
Property Size1,398 SF
Days on Market37
Property Features for 8920 KREWSTOWN ROAD Unit 215
General Information
Standard status
Active
Size
1,398 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast Philadelphia
Units
Unit Mix
1 x 1BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,283
Amenities
deck
walk-in laundry closet
Building Details
Building Size
1,398 SF
Year Built
1973
Listing Agency:
Honest Real Estate
Listed By:
Nicole Quattrone · License #rs351364
(267) 207-1233
Source:
Lizclarkrealestate
Added: Sep 26
Changed: Oct 31
Last Checked: Nov 1 at 11:24AM
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 Honest Real Estate
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Investment Insights
Based on property information with market context.
This residential unit features an open-concept living and dining area, a renovated kitchen with quartz counters and included appliances, and direct access to a deck with a storage closet. The primary bedroom has a walk-in closet with built-in shelving and a second closet. A second full bathroom, laundry closet with utility sink, and additional entry storage round out the interior. The property was built in 1973 and includes assigned parking space #7, reached by a staircase outside the unit door.
A 15-minute loading area and carts near the ramp support grocery unloading. Nearby businesses and services include Aldi, Wawa, Rite Aid, Andonio's Diner, Tokai, Lavender Foot Spa, Krewstown Nails, and Northeast Racquet & Fitness.
A 15-minute loading area and carts near the ramp support grocery unloading. Nearby businesses and services include Aldi, Wawa, Rite Aid, Andonio's Diner, Tokai, Lavender Foot Spa, Krewstown Nails, and Northeast Racquet & Fitness.
Key Highlights
- Updated kitchen with quartz counters and appliances included in the sale
- Deck access with a dedicated storage closet
- Primary bedroom includes a walk‑in closet and a second closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,990
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,800
$439.8K
Cap Rate 7%
$314,143
$314.1K
Cap Rate 9%
$244,333
$244.3K
Market Conditions
NOI Build-Up for 1,398 SF
Gross rent
$42.4K $30.36/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$40.0K $28.60/SF
− OpEx
−$18.0K −$12.87/SF
NOI
$22.0K $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%
$439,800
Cap Rate 7%
$314,143
Cap Rate 9%
$244,333
Alternative Uses
Best Use
Apartment 5plus
$314.1K
$274.9K – $366.5K
NOI $21,990 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$340.8K
$298.2K – $397.6K
NOI $23,857 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
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Business Placement
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An updated interior includes an open living area, in-unit laundry, and private outdoor space.
Where is this residential income property located?
The property is located at 8920 KREWSTOWN ROAD Unit 215 Philadelphia, PA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Updated kitchen with quartz counters and appliances included in the sale; Deck access with a dedicated storage closet; Primary bedroom includes a walk‑in closet and a second closet
