Three-Unit Mixed-Use
For Sale
Under Contract
$875,000
4014 MARKET Street, Philadelphia, PA 19104
Multi-Family, PHILADELPHIA, PA
Property Size4,862 SF
Lot Size0.05 Acres
Price / SF$179.97
Days on Market168
Property Features for 4014 MARKET Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active Under Contract
Size
4,862 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
11765
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1915
Number of units
3
Building materials
Brick
Listing Agency:
JG Real Estate LLC
(215) 467-4100
Listed By:
Marie Collins · License #RS323515
(267) 266-3721
Added: Mar 24
Changed: Aug 19
Last Checked: Sep 7 at 7:06PM
MLS# PAPH2598714
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1915, this 4,862-square-foot mixed-use property contains three units: a commercial space at street level and two residential apartments above. Each apartment has two bedrooms and one bathroom, with renovations and ongoing maintenance noted for both upper-floor units. The brick building also includes basement space, forced-air heating, central air, and on-street parking.
The property is located at 4014 Market Street in Philadelphia’s University City, along the Market Street corridor. The surrounding area includes universities, hospitals, and research institutions, with continued investment in mixed-use, residential, and life-science projects. The site encompasses 0.05 acres and is identified in ZIP Code 19104.
The property is located at 4014 Market Street in Philadelphia’s University City, along the Market Street corridor. The surrounding area includes universities, hospitals, and research institutions, with continued investment in mixed-use, residential, and life-science projects. The site encompasses 0.05 acres and is identified in ZIP Code 19104.
Key Highlights
- Three‑unit configuration with one ground‑floor commercial space and two apartments
- Two renovated residential units, each with 2 bedrooms and 1 bathroom
- 4,862 SF mixed‑use building on 0.05 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,477
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,529,540
$1.5M
Cap Rate 7%
$1,092,529
$1.1M
Cap Rate 9%
$849,744
$849.7K
Market Conditions
NOI Build-Up for 4,862 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$147.6K $30.36/SF
− Vacancy
−$8.6K −$1.76/SF
EGI
$139.0K $28.60/SF
− OpEx
−$62.6K −$12.87/SF
NOI
$76.5K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,529,540
Cap Rate 7%
$1,092,529
Cap Rate 9%
$849,744
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$956.0K – $1.27M
NOI $76,477 @ 7.0% cap · market cap 8.74%
Second Best
Mixed Use
$825.2K
$722.0K – $962.7K
NOI $57,761 @ 7.0% cap · market cap 6.60%
Theoretical Best
Multifamily LT 5
$1.19M
$1.04M – $1.38M
NOI $82,970 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick construction combines street-level commercial space with two renovated apartments.
Where is this mixed-use property located?
The property is located at 4014 MARKET Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three‑unit configuration with one ground‑floor commercial space and two apartments; Two renovated residential units, each with 2 bedrooms and 1 bathroom; 4,862 SF mixed‑use building on 0.05 acres
