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1305 N 15th St 5 Unit Apartment Building $699,900 ($139,980/Unit) 9.10% Cap Rate Philadelphia, PA 19121
Investment Highlights
- Most units are recently renovated
- Coin operated laundry room
Executive Summary
5 Unit Building that has been updated throughout and is fully rented. Unit A/studio with loft: $1050/month Unit B/1 bed: $1400/month Unit C/1 bed: $1250/month Unit D/studio: $950/month Unit E/2 bed: $1500/month Laundry: $40-50/month
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$73,800
|
$24.33
|
| Other Income |
$600
|
$0.20
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$74,400
|
$24.53
|
| Taxes |
$5,324
|
$1.76
|
| Operating Expenses |
$5,380
|
$1.77
|
| Total Expenses |
$10,704
|
$3.53
|
| Net Operating Income |
$63,696
|
$21.00
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $73,800 |
| Annual Per SF | $24.33 |
| Other Income | |
|---|---|
| Annual | $600 |
| Annual Per SF | $0.20 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $74,400 |
| Annual Per SF | $24.53 |
| Taxes | |
|---|---|
| Annual | $5,324 |
| Annual Per SF | $1.76 |
| Operating Expenses | |
|---|---|
| Annual | $5,380 |
| Annual Per SF | $1.77 |
| Total Expenses | |
|---|---|
| Annual | $10,704 |
| Annual Per SF | $3.53 |
| Net Operating Income | |
|---|---|
| Annual | $63,696 |
| Annual Per SF | $21.00 |
Property Facts
| Price | $699,900 | Building Class | C |
| Price Per Unit | $139,980 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 3,033 SF |
| Cap Rate | 9.10% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM1 - RM1 zoning in Philadelphia is for moderate-to-high density, multi-unit residential buildings | ||
| Price | $699,900 |
| Price Per Unit | $139,980 |
| Sale Type | Investment |
| Cap Rate | 9.10% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,033 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1915 |
| Opportunity Zone |
Yes |
| Zoning | RM1 - RM1 zoning in Philadelphia is for moderate-to-high density, multi-unit residential buildings |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,050 | 505 |
| 1+1 | 1 | $1,400 | - |
| 1+1 | 1 | $1,250 | - |
| Studios | 1 | $950.00 | - |
| 2+1 | 1 | $1,500 | - |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 881146257 | Total Assessment | $380,400 (2026) |
| Land Assessment | $114,120 (2026) | Annual Taxes | $5,324 ($1.76/SF) |
| Improvements Assessment | $266,280 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
881146257
Land Assessment
$114,120 (2026)
Improvements Assessment
$266,280 (2026)
Total Assessment
$380,400 (2026)
Annual Taxes
$5,324 ($1.76/SF)
Tax Year
2025
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1305 N 15th St