Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5340 Alfred St, Unit 60 Philadelphia, PA 19144-3906
    Back to Search
    Property profile & analytics

    5340 Alfred St, Unit 60, Philadelphia, PA 19144-3906

    View on Map
    • Apartment buildings
    • 12,090 SF
    • 0.28 lot acres
    Off-Market
    Last Sale Mar 7, 2024
    Property ID
    US73-1130246
    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
    $885,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 5340 Alfred St

    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.28 lot acres
    Zone code
    RSA5
    Property type
    Apartment buildings
    APN
    88-6-7615-20
    APU
    886761520

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 30, 2026 — Pha Queen Row LLC Philadelphia Housing Authority Deed $95k · Philadelphia Housing Authority
    Mar 7, 2024 — Philadelphia Housing Authority Philadelphia Housing Authority Intrafamily Transfer · related —

    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
    -75.1758
    Latitude
    40.0268
    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
    $0.00
    $0.00
    $0.00
    $465,000
    -
    $0.00
    $0.00
    $465,000

    Comparable in this City

    • Value Estimation
      $8,210,000
      73,000 SF

      243 Tulpehocken St

      APARTMENT HOUSE (5+ UNITS)
      243 Tulpehocken St, Philadelphia, PA 19144-3235
      View Details
    • Value Estimation
      $3,115,000
      21,377 SF

      700 Walnut Ln

      APARTMENT HOUSE (5+ UNITS)
      700 Walnut Ln, Philadelphia, PA 19144-3767
      View Details
    • Value Estimation
      $3,760,000
      25,830 SF

      685 Walnut Ln, Unit 89

      APARTMENT HOUSE (5+ UNITS)
      685 Walnut Ln, Philadelphia, PA 19144-3762
      View Details
    • Value Estimation
      $10,955,000
      104,679 SF

      5515 Wissahickon Ave

      APARTMENT HOUSE (5+ UNITS)
      5515 Wissahickon Ave, Philadelphia, PA 19144-4554
      View Details
    • Value Estimation
      $990,000
      12,852 SF

      223 Haines St, Unit 27

      APARTMENT HOUSE (5+ UNITS)
      223 Haines St, Philadelphia, PA 19144-2115
      View Details
    • Value Estimation
      $545,000
      5,636 SF

      5347 Alfred St

      APARTMENT HOUSE (5+ UNITS)
      5347 Alfred St, Philadelphia, PA 19144-3905
      View Details

    Similar Nearby for Sale

    • $350,000
      3,322 SF

      Income-Producing Multifamily Building with Garage

      Fully occupied 5-unit building with value-add potential.
      321-00 E Price St, Philadelphia, PA 19144
      View Details
    • $725,000
      0.34 Acres

      Germantown Land with Development Potential

      8,400 SF building on .34 acre lot in Philadelphia.
      6323-25 Burbridge St, Philadelphia, PA 19144
      View Details
    • Contact for pricing

      Renovated Apartment Building with Income

      Three-unit building with potential in a busy, populated area.
      300 W Chelten Ave, Philadelphia, PA 19144
      View Details
    • Contact for pricing
      5,987 SF

      Mixed-Use Investment Property in Germantown

      Mixed-use property with residential, commercial, and garage rental income.
      231-33 W Coulter St, Philadelphia, PA 19144
      View Details
    • $650,000
      5,240 SF

      Mixed-Use Investment Opportunity in Philadelphia

      Six-unit mixed-use property with value-add potential in Germantown.
      6200 Germantown Ave, Philadelphia, PA 19144
      View Details
    • Contact for pricing
      22,050 SF

      Germantown Avenue Redevelopment Opportunity

      Approved redevelopment site with permits for mixed-use building.
      5700 Germantown Ave, Philadelphia, PA 19144
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,794 SF

      Retail Space in Mixed-Use Building

      1,794 SF retail space in a mixed-use building.
      5600-5606 Germantown Ave, Philadelphia, PA 19144
      View Details
    • Contact for pricing

      Germantown Avenue Commercial Space

      Top-floor commercial space with open layout and high visibility.
      5607 Germantown Ave, Philadelphia, PA 19144
      View Details
    • Contact for pricing

      Chelten Avenue Retail/Office/Medical Space

      1,838 SF retail, office, or medical space for lease.
      35 E Chelten Ave, Philadelphia, PA 19144
      View Details
    • Contact for pricing
      1,838 SF

      Retail Space with Ample Parking

      Retail space with entrances on three streets and ample parking.
      29 E Chelten Ave, Philadelphia, PA 19144
      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.
    5340 Alfred St, Unit 60
    Philadelphia, PA 19144-3906
    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
    5340 Alfred St, Philadelphia, PA, 19144
    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!