Multifamily Apartment
PHILADELPHIA, PA 19103 Philadelphia, PA 19103
Philadelphia, PA, 19103
$1,900,000
Pending
For Sale
$1,900,000
Pending
MULTI_FAMILY - PHILADELPHIA, PA
Property Size4,825 SF
Days on Market53
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Pending
- Size
- 4,825 SF
Building Details
- Year built
- 1890
Listing Agency
BHHS Fox & Roach At the Harper Rittenhouse Square
(215) 546-0550
PA
Listed by
Reid Rosenthal
(267) 626-7613
Added: May 27 Checked: Jul 18 at 4:06 am
MLS# PAPH2624092
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied multifamily apartment building offers a total of seven residences, including five one-bedroom units and two two-bedroom layouts. The property features modernized kitchens and provides tenants with private basement storage lockers. Dedicated two-car off-street parking is also included.
Located in Philadelphia within the Rittenhouse Square area, the building is described as being in close proximity to the UPenn and Drexel University campuses. The offering is positioned for walkable Center City living and convenient access to transit.
The current tenancy is reported as 100% leased, with the unit mix designed to serve a range of residential needs within a compact, rental-focused layout.
Located in Philadelphia within the Rittenhouse Square area, the building is described as being in close proximity to the UPenn and Drexel University campuses. The offering is positioned for walkable Center City living and convenient access to transit.
The current tenancy is reported as 100% leased, with the unit mix designed to serve a range of residential needs within a compact, rental-focused layout.
Key Highlights
- Multi‑family property built in 1890 with five 1‑bedroom units and two 2‑bedroom units
- 100% occupancy with all units fully leased
- Modernized kitchens in every unit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.5k | $30.36 |
| − Vacancy | −$8.5k | −$1.76 |
| EGI | $138.0k | $28.60 |
| − OpEx | −$62.1k | −$12.87 |
| NOI | $75.9k | $15.73 |
4,825 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$948.7K – $1.26M
NOI $75,895 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,338 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully occupied multifamily with five one-bedroom and two two-bedroom units, plus private basement storage and off-street parking.
Where is this apartment building located?
The property is located at Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Multi‑family property built in 1890 with five 1‑bedroom units and two 2‑bedroom units; 100% occupancy with all units fully leased; Modernized kitchens in every unit
