PHILADELPHIA, PA 19122 Philadelphia, PA 19122
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- Apr 22, 2026
- Days on Market:
- 80
- Last Refresh:
- Jul 10 at 10:06 pm
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Active
- Size
- 7,180 SF
Building Details
- Year built
- 2018
Listing agent Philly Home Advisors (267) 326-1272
Listing office BHHS Fox & Roach Center City-Society Hill PA (215) 627-6005
Listing date Apr 22, 2026
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.
The offering is presented as a stabilized investment with in-place income, and the public remarks note proximity to Temple University’s main campus and access to the continued growth along North Broad Street, Fishtown, and Northern Liberties. The property is located within a Qualified Opportunity Zone.
According to the remarks, the asset generates approximately $140,580 in annual income with a projected pro forma of $145,800 and an efficient expense ratio of approximately 23%. The original ten-year tax abatement is described as having approximately three years remaining, and the offering also includes one year of free property management.
Key Highlights
- 2018‑built six‑unit multifamily property (built in 2019 per remarks) with fully leased, professionally managed in‑place income
- Unit mix includes four 2 bed/2 bath units, one 3 bed/3.5 bath unit, and one 4 bed/4 bath residence with private backyard access
- Annual income of approximately $140,580 with a projected pro forma of $145,800; expense ratio of approximately 23%
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 | $218.0k | $30.36 |
| − Vacancy | −$12.6k | −$1.76 |
| EGI | $205.3k | $28.60 |
| − OpEx | −$92.4k | −$12.87 |
| NOI | $112.9k | $15.73 |