1214 N 5th St
Location
Situated right by the 5th & Girard Ave intersection, this property is just a short walk from public transportation, grocery stores, coffe shops, parks, playgrounds and more. Acme, the Piazza, Filmore, all the major hubs of Northern liberties and Fishtown are within a 15 minute walking distance which is extremely convenient for the renters who enjoy the city life, culture and so much more.
The area has been rapidly developing over the past two decades and is one of the hottest areas in Philadelphia. The proximity to roads, Philly’s major hot spots and affordability make it an extremely attractive investment for potential renters and buyers
Building Details
Built in 1915, this charming building features four apartments, each with unique layouts. Tenants enjoy amenities such as a shared backyard, central AC and heating, a shared basement for storage, and convenient layouts, including an on-site shared laundry facility.
Unit Breakdown
Studio apartment with a separate bedroom area. Currently leased until August 31, 2025, at $1,085/month.
Financial summary:
Income - $63,240
Principal & interest @ 25% down and 7% interest - $42,153
Insurance - $2,496.00
Taxes - $8,724.00
Utilities - $3,096.00
Maitenance ~ $1,248.00
Trash $500.00
License - $200.00
Operating expenses - 16,280
NOI - 46,959
Asking price 704,000
GRM - 11.13
CAP - 6.67%
Highlights
This property is a low-maintenance, low-risk investment, ideally suited for those seeking stability and versatility. Its mix of studio, 1-bedroom, and flexible-layout units makes it highly resilient to fluctuations in rental demand. There is consistent interest from renters looking for well-priced studio, 1-bedroom, or 2-bedroom apartments.
Additionally, this property offers strong resale potential. Its appeal extends to both investors and potential owner-occupants seeking to "house hack" by living in one unit while renting the others. Its versatility and manageable size make it a safer investment than buildings with larger 3+ bedroom units, ensuring a broad pool of future buyers.