518 S 15TH STREET

Multifamily in Rittenhouse Square
Active
 for Sale at 518 South 15th Street, Philadelphia, PA 19146

15

 for Sale at 518 South 15th Street, Philadelphia, PA 19146
 for Sale at 518 South 15th Street, Philadelphia, PA 19146
 for Sale at 518 South 15th Street, Philadelphia, PA 19146
$725,000
Stu
Bath
Half Bath
2,400
Ft²
$302
$/ft²
0.02
Acres
Cap Rate
Est. Monthly
Cap Rate
1.36%
Est. Monthly
$4,086
Prime location!!! This well maintained duplex is great for investors or owner occupants to live in one unit and rents out the other unit for extra cash flow. Property has beautiful brick front with separate entrance to each unit. Both units consist of bilevel, two bedrooms and one bath.  Offer central HVAC, in unit washer/dryer, spacious bedrooms and either backyard or decks. The rent is currently below market price. Unit 1  collects $1400, lease ends on 8-20-22 and unit 2 collects $1600 a month with lease ends on 4-2023.

The manager has listed the unit size as 2400 square feet.

LISTING AGENT

Yulin ZhengRealty Mark Associates - KOP[email protected]

Building Features

Exterior

Brick Exterior

Home Features

Rooms

Basement

HVAC

Central A/CForced Air

Price History

Date/EventEventPrice
Jan 5, 2023 RelistedRelisted$725,000
Jan 2, 2023 No longer availableNo longer available-
Dec 2, 2022 No longer availableNo longer available-
Jul 30, 2022 Price DecreasedPrice Decreased$725,000 $25K (3.3%)
May 31, 2022 Listed by Realty Mark AssociatesListed by Realty Mark Associates$750,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$16,200
ExpensesPer Year
$6,312
Operating ProfitPer Year
$9,888
Cap rate
1.36%

Price Estimate

$867,000$742,868$618,738
20222023202420252026
Current Asking Price

$725,000

HopScore Market Price

$742,868

The current asking price is $17,868.90 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Sold
House
3
2
-
$595,000
$558.03/mo
Active
Multifamily
Stu
2,490 ft²
$301/ft²
$750,000
$846/mo
Active
Multifamily
Stu
2,124 ft²
$318/ft²
$675,000
$617.50/mo
Active
House
Stu
0.5
2,614 ft²
$325/ft²
$849,000
$335.08/mo
Active
Townhouse
Stu
1
1,942 ft²
$308/ft²
$599,000
$575.17/mo

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Building Info

518 South 15th Street518 South 15th Street, Philadelphia, PA 19146
  • 1 Unit for Sale
More about this Building
518 South 15th Street
Want to find out who owns 518 South 15th Street, Philadelphia, PA 19146? Get detailed property transactions here .

Neighborhood

About Rittenhouse Square

Stats & Trends

The median asking price in Rittenhouse Square is $525,000.
  • Median Asking

    $525,000
  • Sale Price/ft²

    $415.19
  • Below Asking

    0.02%
  • Days on Market

    63

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Sales History

UnitBedsBathsft²Asking
Common Charges
Listed
Listing Status
Closed
Days on Market
Closing
Above/Below Asking
Buyer(s)
Stu
2,400
$750,000
-/mo
May 31, 2022
Active
-
-
-
-
Stu
2,400
$750,000
-/mo
Nov 13, 2021
Expired
-
-
-
-
-

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518 South 15th Street, Philadelphia, PA 19146


Frequently Asked Questions

What is the median home price in Center City?
The median home price in Center City is $629,000, or $405/sqft. When you buy a home in Center City, you can expect to pay between $319,000 to $1,460,000. These figures may differ depending on the location, type, and size of the property.
What is the median home price for a Studio in Center City?
The median home price for a studio in Center City is $164,450, or $380/sqft.
What is the median home price for a One-Bedroom in Center City?
The median home price for a one-bedroom home in Center City is $309,900, or $340/sqft.
What is the median home price for a Two-Bedroom in Center City?
The median home price for a two-bedroom home in Center City is $735,000, or $615/sqft.
What is the median home price for a Three-Bedroom in Center City?
The median home price for a three-bedroom home in Center City is $1,375,000, or $405/sqft.
What is the median home price for a Four+ Bedroom in Center City?
The median home price for a four+ bedroom home in Center City is $2,350,000, or $557/sqft.
What is the breakdown of listings by bedroom count in Center City?
There are currently 492 available properties for sale in Center City. Of those, 8.54% are studio listings, 30.28% are one-bedroom listings, 29.47% are two-bedroom listings, 18.90% are three-bedroom listings, and 12.80% are four+ bedroom listings.
What is the breakdown of listings by property type in Center City?
There are currently 364 condos, 27 houses, 95 townhouses, and 6 multifamilies located in Center City. Our inventory of available listings is constantly being updated so be sure to check back frequently.
What is the least expensive property sold in the past 12 months in Center City?
The least expensive property sold in Center City for $15,000.
Now, what is the most expensive property sold in the past 12 months in Center City?
The most expensive property sold in Center City for $27,000,000.
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Based on our collected data, properties in Center City are on the market for a median time of 63 days.

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