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5333-5347 N 13th St 24 Unit Apartment Building $2,400,000 ($100,000/Unit) 8.04% Cap Rate Philadelphia, PA 19141
Investment Highlights
- 24 Units in North Philadelphia
- Priced to Sell: $100K per Unit, 8%+ In-Place Cap Rate
- Quiet, Tree-Lined Street with Ample Street Parking
- Located Just off Broad Street, Adjacent to Einstein Medical Center
- Separate Entrances & Semi-Private Backyards
Executive Summary
The property consists of townhome-style apartments with separate entrances, front porches, semi-private backyards, and all separate utilities. Current income stability is enhanced by a senior-designated project-based HAP contract covering 100% of the units through early 2025, creating predictable cash flow with future upside through rent adjustments upon contract renewal or conversion to market terms.
Residents are served by proximity to major transit corridors and institutional employment drivers, making this asset an efficient operational model and long-term investment opportunity. Located in a mature neighborhood with steady rental demand, this property positions investors for both immediate yield and potential value creation through targeted upgrades or strategic repositioning.
Residents are served by proximity to major transit corridors and institutional employment drivers, making this asset an efficient operational model and long-term investment opportunity. Located in a mature neighborhood with steady rental demand, this property positions investors for both immediate yield and potential value creation through targeted upgrades or strategic repositioning.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,400,000 | Apartment Style | Townhome |
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 8.04% | Building Size | 13,400 SF |
| Gross Rent Multiplier | 6.53 | No. Stories | 2 |
| No. Units | 24 | Year Built/Renovated | 1950/1995 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | RSA3 - Single-Family Residential | ||
| Price | $2,400,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 8.04% |
| Gross Rent Multiplier | 6.53 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 13,400 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/1995 |
| Opportunity Zone |
Yes |
| Zoning | RSA3 - Single-Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $1,296 | 500 - 675 |
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Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,749,280 (2026) | |
| Land Assessment | $437,320 (2026) | Total Assessment | $2,186,600 (2026) |
Property Taxes
Parcel Numbers
Land Assessment
$437,320 (2026)
Improvements Assessment
$1,749,280 (2026)
Total Assessment
$2,186,600 (2026)
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