Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1936 61st St, Unit 38 Philadelphia, PA 19151-3521
    Back to Search
    Property profile & analytics

    1936 61st St, Unit 38, Philadelphia, PA 19151-3521

    View on Map
    • Apartment buildings
    • 4,545 SF
    • 0.17 lot acres
    Off-Market
    Last Sale May 18, 2021
    $443,275
    Property ID
    US73-1913506
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1936 61st St

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Zone code
    RSA3
    Property type
    Apartment buildings
    APN
    88-1-1255-90
    APU
    881125590

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 18, 2021 $443,275 Cadet Construction & Realty INC Harold H Thomas Deed $310k · Firstrust Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.2433
    Latitude
    39.9825
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,324
    $135,540
    $316,260
    $451,800
    -
    $135,540
    $316,260
    $451,800

    Comparable in this City

    • Value Estimation
      $9,610,000
      59,984 SF

      1121 66th St

      APARTMENT HOUSE (5+ UNITS)
      1121 66th St, Philadelphia, PA 19151-2418
      View Details
    • Value Estimation
      $1,555,000
      14,080 SF

      1528 Redfield St, Unit 42

      APARTMENT HOUSE (5+ UNITS)
      1528 Redfield St, Philadelphia, PA 19151-4231
      View Details
    • Value Estimation by Request
      56,626 SF

      900 63rd St, Unit 4

      APARTMENT HOUSE (5+ UNITS)
      900 63rd St, Philadelphia, PA 19151-4511
      View Details
    • Value Estimation
      $755,000
      6,400 SF

      1544 Redfield St, Unit 46

      APARTMENT HOUSE (5+ UNITS)
      1544 Redfield St, Philadelphia, PA 19151-4247
      View Details
    • Value Estimation
      $15,415,000
      79,712 SF

      1120 66th St

      APARTMENT HOUSE (5+ UNITS)
      1120 66th St, Philadelphia, PA 19151-2331
      View Details
    • Value Estimation by Request
      15,438 SF

      1501 59th St, Unit 9

      APARTMENT HOUSE (5+ UNITS)
      1501 59th St, Philadelphia, PA 19151-4246
      View Details

    Similar Nearby for Sale

    • $516,000

      Philadelphia Multifamily Investment Opportunity

      Fully occupied 6-unit apartment building generating $5,860 monthly income.
      412 N 64Th St, Philadelphia, PA 19151
      View Details
    • Contact for pricing

      Mixed-Use Property with Income Potential

      Mixed-use property featuring a commercial space and residential apartments.
      6028 Lansdowne Ave, Philadelphia, PA 19151
      View Details
    • $1,148,000
      9,000 SF

      Turnkey Mixed-Use Investment Opportunity

      Fully leased 8-unit property with strong income potential.
      6522 Lebanon Ave, Philadelphia, PA 19151
      View Details
    • Contact for pricing

      Mixed-Use Building with Storefronts

      Twelve-unit building featuring storefronts and apartments in Philadelphia.
      401 N 63Rd St, Philadelphia, PA 19151
      View Details
    • $120,000
      2,096 SF

      West Philadelphia Framed-Out Shell

      Three-story shell in West Philadelphia with potential for four units.
      5924 Master St, Philadelphia, PA 19151
      View Details
    • $350,000
      2,280 SF

      Turn-Key Legal Duplex in Philadelphia

      Updated duplex with income potential in a high-demand rental location.
      6227 Callowhill St, Philadelphia, PA 19151
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      400 SF

      Retail Space on City Avenue

      Retail space in densely populated area near St. Joseph’s University.
      7700-7730 City Ave, Philadelphia, PA 19151
      View Details
    • Contact for pricing
      844 SF

      Retail Space on City Avenue

      Retail space available in high-traffic Philadelphia location.
      7720 City Ave, Philadelphia, PA 19151
      View Details
    • $2,750 /Mo
      3,559 SF

      Retail Space in West Philadelphia

      Retail space available at a busy intersection in West Philadelphia.
      6501 Haverford Ave, Philadelphia, PA 19151
      View Details
    • $900 /Mo
      1,498 SF

      Renovated Commercial Space with Yard

      Newly renovated commercial space with yard and flexible zoning.
      6002 Master St, Philadelphia, PA 19151
      View Details
    • Contact for pricing

      City Avenue Office Space Available

      Office units for rent in elevator building, available July 2026.
      7300 City Ave, Philadelphia, PA 19151
      View Details
    • Contact for pricing

      Retail Space on Route 1

      Retail space in densely populated area near St. Joseph’s University.
      7720 City Line Ave, Philadelphia, PA 19151
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1936 61st St, Unit 38
    Philadelphia, PA 19151-3521
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1936 61st St, Philadelphia, PA, 19151
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!