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1550 Ruan St 4 Unit Apartment Building $234,900 ($58,725/Unit) Philadelphia, PA 19124
Investment Highlights
- Muti FamilyLocated near major SEPTA bus routes and within close reach of Frankford Transportation Center.
- The area scores highly for grocery and shopping access, with an exceptional variety of supermarkets and stores nearby
- The Frankford neighborhood offers a strong mix of retail, dining, and services within walking distance, enhancing convenience for residents.
- Quick access to Roosevelt Boulevard (US Route 1) and I-95
Executive Summary
No Cooling; Cooling Fuel: None; Heating: Baseboard - Hot Water; Heating Fuel: Oil; Avg. Mo. Oil Bill: $625; Prev. 12 Mo. Oil Bill: $7,500; Hot Water: Oil; Avg. Mo. Water Bill: $70; Prev. 12 Mo. Water Bill: $840; Water Source: Public; Sewer: Public Sewer
Great opportunity in Frankford to acquire this cash flowing building. 4 units (Zoned for 3) and a garage. 2 units are paying $1100.00 each. 2 are vacant. Garage is being rented for $250.00. Utilities not separated but tenants pay a portion of oil, water and electricity.
Great opportunity in Frankford to acquire this cash flowing building. 4 units (Zoned for 3) and a garage. 2 units are paying $1100.00 each. 2 are vacant. Garage is being rented for $250.00. Utilities not separated but tenants pay a portion of oil, water and electricity.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$29,400
|
$11.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$29,400
|
$11.77
|
| Taxes |
$3,016
|
$1.21
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,016
|
$1.21
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $29,400 |
| Annual Per SF | $11.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $29,400 |
| Annual Per SF | $11.77 |
| Taxes | |
|---|---|
| Annual | $3,016 |
| Annual Per SF | $1.21 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,016 |
| Annual Per SF | $1.21 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $234,900 | Building Class | C |
| Price Per Unit | $58,725 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,498 SF |
| No. Units | 4 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1940 |
| Apartment Style | Townhome | ||
| Zoning | Triplex | ||
| Price | $234,900 |
| Price Per Unit | $58,725 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,498 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1940 |
| Zoning | Triplex |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 232022800 | Total Assessment | $215,500 |
| Land Assessment | $43,100 | Annual Taxes | $3,016 ($1.21/SF) |
| Improvements Assessment | $172,400 | Tax Year | 2026 |
Property Taxes
Parcel Number
232022800
Land Assessment
$43,100
Improvements Assessment
$172,400
Total Assessment
$215,500
Annual Taxes
$3,016 ($1.21/SF)
Tax Year
2026
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1550 Ruan St