Renovated Multifamily Building Near
4214 POWELTON, Philadelphia, PA 19104
MULTI_FAMILY - Loft - PHILADELPHIA, PA
Property size:
5,075 SFLot size:
0.04 AcresPrice / SF:
$236/SF- Added:
- Aug 27, 2025
- Days on Market:
- 265
- Last Refresh:
- May 18 at 8:06 am
Property Features for 4214 POWELTON
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Bathroom - Walk-In Shower, Built-Ins, Combination Kitchen/Living, Floor Plan - Traditional, Kitchen - Gourmet, Recessed Lighting, Upgraded Countertops, Walk-in Closet(s)
- Appliances
- Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Washer/Dryer Stacked, WaterHeater
- Standard status
- Active
- Size
- 5,075 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2094
Utilities
- Cooling system
- Ductless
Building Details
- Year built
- 1915
- Number of units
- 4
- Building materials
- Masonry, Brick, Vinyl Siding
- Architectural style
- Loft
Listing agent Steven M. Eckell License #AB065133 (484) 432-0720
Listing office Coldwell Banker Realty 1023 E Baltimore Pike, Plymouth Meeting, PA (610) 566-1100
Listing date Aug 27, 2025
MLS# PAPH2530834
Listing URL
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
- Fully renovated four‑unit building (completed 2022/2023) with modern finishes.
- Prime location in University City near Drexel University and UPenn.
- Strong income‑producing property with an annual rent roll of $101,340.
- Each unit includes in‑unit washer/dryer.
- Unique amenities: private yard access (Unit 2), balcony (Unit 3), and private roof deck with city views (Unit 4).
- Low annual operating expenses of $9,500.
Overview
This four-unit multifamily property in Philadelphia, PA, presents an investment opportunity in University City. The building was fully renovated in 2022/2023 and contains a total of 5,075 square feet on a 0.0363-acre lot. The property features three 2-bedroom, 2-bathroom apartments and one 3-bedroom, 2-bathroom apartment, each equipped with in-unit washer/dryer. Unit 2 has private access to a rear yard, Unit 3 includes its own balcony, and Unit 4 boasts a private roof deck with city views. The apartments feature kitchens and updated baths. The property is located near Drexel University and UPenn. The annual rent roll is $101,340, and the annual operating expenses are $9,500.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$962.3K
NOI $86,604 @ 9.00% cap · cautious / downside scenario
Moderate
$1.24M
NOI $86,604 @ 7.00% cap · market / base-case scenario
Aggressive
$1.73M
NOI $86,604 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.9k | $25.80 |
| − Vacancy | −$7.2k | −$1.42 |
| EGI | $123.7k | $24.38 |
| − OpEx | −$37.1k | −$7.31 |
| NOI | $86.6k | $17.06 |
5,075 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,604 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$1.14M
$997.8K – $1.33M
NOI $79,827 @ 7.0% cap · market cap 6.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.2067257
- Latitude
- 39.9584803
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit building near Drexel and UPenn, fully renovated in 2022/2023.
Where is this quadplex located?
The property is located at 4214 POWELTON Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Fully renovated four‑unit building (completed 2022/2023) with modern finishes.; Prime location in University City near Drexel University and UPenn.; Strong income‑producing property with an annual rent roll of $101,340.
