6-Unit Apartment
For Sale
$1,450,000
916 Clinton Street, Philadelphia, PA 19107
Brick construction, updated core systems, and RM1 zoning define this six-family residential property.
Property Size3,964 SF
Days on Market12
Property Features for 916 Clinton Street
General Information
Standard status
Active
Size
3,964 SF
Property subtype
Multi-Family
Zoning
RM1
Occupancy
100%
Site & Location
Neighborhood
Center City
Additional Details
Multifamily Units
6
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$17,225
Amenities
Full
Natural Gas
Yes
No
Estimated
3
No Pool
Public
0.03
Brick/Mortar
246100.00
Building Details
Building Size
3,964 SF
Year Built
1850
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Vincent Tagliente · License #AB065013
(215) 454-2852
Source:
Farleyandferry
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:52PM
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 Philadelphia apartment property contains six residential units in a brick building constructed in 1850. Core systems have been updated, and the property is zoned RM1. Occupancy has reached 100%, with current lease expirations extending through mid-2027.
At 916 Clinton Street, the property is a short walk from Pennsylvania Hospital and Jefferson. Its six-unit configuration, brick construction, and established occupancy history provide a concise picture of the asset’s physical and operating profile.
At 916 Clinton Street, the property is a short walk from Pennsylvania Hospital and Jefferson. Its six-unit configuration, brick construction, and established occupancy history provide a concise picture of the asset’s physical and operating profile.
Key Highlights
- Six residential units in a brick building
- Constructed in 1850; core systems have been updated
- Zoned RM1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,352
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,040
$1.2M
Cap Rate 7%
$890,743
$890.7K
Cap Rate 9%
$692,800
$692.8K
Market Conditions
NOI Build-Up for 3,964 SF
Gross rent
$120.3K $30.36/SF
− Vacancy
−$7.0K −$1.76/SF
EGI
$113.4K $28.60/SF
− OpEx
−$51.0K −$12.87/SF
NOI
$62.4K $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%
$1,247,040
Cap Rate 7%
$890,743
Cap Rate 9%
$692,800
Alternative Uses
Best Use
Apartment 5plus
$890.7K
$779.4K – $1.04M
NOI $62,352 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$966.4K
$845.6K – $1.13M
NOI $67,645 @ 7.0% cap · market cap 4.67%
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
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
20,900
Businesses Nearby
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick construction, updated core systems, and RM1 zoning define this six-family residential property.
Where is this apartment building located?
The property is located at 916 Clinton Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Six residential units in a brick building; Constructed in 1850; core systems have been updated; Zoned RM1
