Three-Story Multifamily
For Sale
$580,000
903 S 13TH STREET, Philadelphia, PA 19147
RM-1 zoning permits multiple residential units in a compact Philadelphia property.
Property Size1,872 SF
Lot Size0.02 Acres
Price / SF$309.83
Days on Market247
Property Features for 903 S 13TH STREET
General Information
Standard status
Active
Size
1,872 SF
Lot size
0.02 Acres
Property subtype
Duplex
Zoning
RM-1
Additional Details
Gross Income
$43,680
Public Transit
Yes
Building Details
Year Built
1915
Stories
3
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Alexander Frederick · License #2447095
(941) 889-8266
Source:
Cummingsrealtors
Added: Feb 18
Changed: Oct 21
Last Checked: Oct 20 at 9:50PM
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
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Investment Insights
Based on property information with market context.
This three-story multifamily property contains 1,872 square feet on a 1,064-square-foot lot, with 19 feet of frontage. The RM-1 zoning permits multiple residential units, supporting a multifamily configuration within the existing structure.
The property is located in Philadelphia’s Bella Vista neighborhood at 903 S 13th St. Restaurants, cafés, and shops are nearby, and public transportation provides access to the surrounding area.
Its vertical three-story layout and residential zoning offer a defined physical framework for multifamily occupancy. The address is in ZIP Code 19147.
The property is located in Philadelphia’s Bella Vista neighborhood at 903 S 13th St. Restaurants, cafés, and shops are nearby, and public transportation provides access to the surrounding area.
Its vertical three-story layout and residential zoning offer a defined physical framework for multifamily occupancy. The address is in ZIP Code 19147.
Key Highlights
- 1,872 SF three‑story multifamily property
- RM‑1 zoning permits multiple residential units
- 1,064 SF lot with 19 FT of frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,446
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,920
$588.9K
Cap Rate 7%
$420,657
$420.7K
Cap Rate 9%
$327,178
$327.2K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$56.8K $30.36/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$53.5K $28.60/SF
− OpEx
−$24.1K −$12.87/SF
NOI
$29.4K $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%
$588,920
Cap Rate 7%
$420,657
Cap Rate 9%
$327,178
Alternative Uses
Best Use
Apartment 5plus
$420.7K
$368.1K – $490.8K
NOI $29,446 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$456.4K
$399.3K – $532.4K
NOI $31,945 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,290
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - RM-1 zoning permits multiple residential units in a compact Philadelphia property.
Where is this multifamily property located?
The property is located at 903 S 13TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 1,872 SF three‑story multifamily property; RM‑1 zoning permits multiple residential units; 1,064 SF lot with 19 FT of frontage
