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1518 E Passyunk Ave 5 Unit Apartment Building $879,000 ($175,800/Unit) Philadelphia, PA 19147
INVESTMENT HIGHLIGHTS
- Your chance to own a rare 5 unit apartment building on East Passyunk Avenue
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$71,500
|
$25.60
|
| Other Income |
$3,600
|
$1.29
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$75,100
|
$26.89
|
| Taxes |
$5,300
|
$1.90
|
| Operating Expenses |
$2,300
|
$0.82
|
| Total Expenses |
$7,600
|
$2.72
|
| Net Operating Income |
$67,500
|
$24.17
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $71,500 |
| Annual Per SF | $25.60 |
| Other Income | |
|---|---|
| Annual | $3,600 |
| Annual Per SF | $1.29 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $75,100 |
| Annual Per SF | $26.89 |
| Taxes | |
|---|---|
| Annual | $5,300 |
| Annual Per SF | $1.90 |
| Operating Expenses | |
|---|---|
| Annual | $2,300 |
| Annual Per SF | $0.82 |
| Total Expenses | |
|---|---|
| Annual | $7,600 |
| Annual Per SF | $2.72 |
| Net Operating Income | |
|---|---|
| Annual | $67,500 |
| Annual Per SF | $24.17 |
PROPERTY FACTS
| Price | $879,000 | Building Class | C |
| Price Per Unit | $175,800 | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 2,793 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2021 |
| Apartment Style | Low-Rise | Cross Streets | Greenwich St |
| Zoning | C2 - Retail Commercial District: Uses Permitted by Right. Personal & household service establishments D. Business, professional or governmental offices. | ||
| Price | $879,000 |
| Price Per Unit | $175,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 2,793 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2021 |
| Cross Streets | Greenwich St |
| Zoning | C2 - Retail Commercial District: Uses Permitted by Right. Personal & household service establishments D. Business, professional or governmental offices. |
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Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 881133051 | Total Assessment | $850,000 (2026) |
| Land Assessment | $255,000 (2026) | Annual Taxes | $5,300 ($1.90/SF) |
| Improvements Assessment | $595,000 (2026) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
881133051
Land Assessment
$255,000 (2026)
Improvements Assessment
$595,000 (2026)
Total Assessment
$850,000 (2026)
Annual Taxes
$5,300 ($1.90/SF)
Tax Year
2024 Payable 2024
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1518 E Passyunk Ave
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