481 GERHARD Street, Philadelphia, PA 19128
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Mar 8, 2026
- Days on Market:
- 123
- Last Refresh:
- Jul 9 at 12:06 pm
Property Features for 481 GERHARD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active Under Contract
- Size
- 1,927 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6894
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Charles V Swartz License #AB067841 (215) 961-6000
Listing office Re/Max One Realty 521 Bustleton Pike, Philadelphia, PA (215) 953-8800
Listing date Mar 8, 2026
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
- Turn‑key investment property with potential for owner occupancy.
- First‑floor unit is recently refurbished and vacant.
- Large front porch and rear yard.
- First‑floor unit features hardwood floors, high ceilings, and great light.
- Second and third‑floor unit is occupied and features 3 bedrooms, newer kitchen and bathroom, and laundry area.
- Full basement with laundry area and storage.
Overview
Local Financial Insights For Multifamily LT 5
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 | $49.7k | $25.80 |
| − Vacancy | −$2.7k | −$1.42 |
| EGI | $47.0k | $24.38 |
| − OpEx | −$14.1k | −$7.31 |
| NOI | $32.9k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.2127762
- Latitude
- 40.0301285