4059 BARING Street, Philadelphia, PA 19104
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- Sep 18, 2025
- Days on Market:
- 283
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 4059 BARING Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Offsite, On Street
- Standard status
- Active
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1638
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2019
- Number of units
- 1
- Building materials
- Brick, Brick Front, Vinyl Siding
Listing agent Ashwin Rashatwar License #1756480 (609) 509-8484
Listing office Keller Williams Realty - Marlton 103 70 Route unit: D, Medford, PA (856) 441-6800
Listing date Sep 18, 2025
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.
HighLights
- 5‑unit building totaling 7,465 sq. ft.; fully occupied with 15 beds and 12 full baths plus 2 half baths
- Built in 2019 with brick front and vinyl siding
- Central heating and central air
- Includes fire sprinklers and monitored fire alarm, plus a camera security system
- Offsite and on‑street parking available
- Comes furnished (quartz counters, stainless steel appliances, white cabinetry, and bamboo hardwood floors)
Overview
The building is located at 4059 Baring Street in Philadelphia, Pennsylvania 19104, in University City. Public remarks note its proximity to UPenn, Drexel, and the Market-Frankford Line transit. The property also has fire sprinklers, fire alarm monitoring, and a camera security system.
This configuration may appeal to buyers seeking a turn-key setup for short-term or family rental use, as the property was previously used as an Airbnb. The remaining 5 years of real estate tax abatement is also highlighted in the remarks. For a detailed view of each unit’s layout and condition, the listing notes that individual unit pictures are available upon request, with showings scheduled by appointment.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $226.6k | $30.36 |
| − Vacancy | −$13.1k | −$1.76 |
| EGI | $213.5k | $28.60 |
| − OpEx | −$96.1k | −$12.87 |
| NOI | $117.4k | $15.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.20483
- Latitude
- 39.96037
