One-Bedroom Residential Income
For Sale
$135,000
9712 BUSTLETON Unit 40, Philadelphia, PA 19115
Apartment near shopping and public transportation, with water included in the condo fee.
Property Size488 SF
Days on Market29
Property Features for 9712 BUSTLETON Unit 40
General Information
Standard status
Active
Size
488 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$1,514
Building Details
Building Size
488 SF
Year Built
1960
Listing Agency:
Liberty Bell Real Estate Brokerage LLC
Listed By:
Scot B Mentzer · License #RS307808
(215) 605-7586
Source:
Lizclarkrealestate
Added: Aug 12
Changed: Sep 5
Last Checked: Sep 9 at 6:48AM
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 Liberty Bell Real Estate Brokerage LLC
Investment Insights
Based on property information with market context.
This one-bedroom apartment is located at 9712 Bustleton Avenue, Unit 38, in Philadelphia. The property was built in 1960 and includes water through the condo fee.
Shopping and public transportation are within walking distance, providing convenient access to nearby daily necessities and transit connections.
Shopping and public transportation are within walking distance, providing convenient access to nearby daily necessities and transit connections.
Key Highlights
- One‑bedroom apartment at 9712 BUSTLETON AVENUE Unit: 38
- Walking distance to shopping
- Walking distance to public transportation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,676
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$153,520
$153.5K
Cap Rate 7%
$109,657
$109.7K
Cap Rate 9%
$85,289
$85.3K
Market Conditions
NOI Build-Up for 488 SF
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.
Gross rent
$14.8K $30.36/SF
− Vacancy
−$859 −$1.76/SF
EGI
$14.0K $28.60/SF
− OpEx
−$6.3K −$12.87/SF
NOI
$7.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$153,520
Cap Rate 7%
$109,657
Cap Rate 9%
$85,289
Alternative Uses
Best Use
Apartment 5plus
$109.7K
$96.0K – $127.9K
NOI $7,676 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$119.0K
$104.1K – $138.8K
NOI $8,328 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,648
Businesses Nearby
Explore this area
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 - Apartment near shopping and public transportation, with water included in the condo fee.
Where is this residential income property located?
The property is located at 9712 BUSTLETON Unit 40 Philadelphia, PA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: One‑bedroom apartment at 9712 BUSTLETON AVENUE Unit: 38; Walking distance to shopping; Walking distance to public transportation
