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    5401 N 4Th St Philadelphia, PA 19120

    View on Map
    Sponsored
    For Sale
    $199,999

    MULTI_FAMILY - PHILADELPHIA, PA

    Property size:
    1,975 SF
    Lot size:
    0.05 Acres
    Days on Market:
    13
    Last Refresh:
    Mar 23 at 2:06 am

    Property Features for 5401 N 4Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Dining Room
    Parking features
    On Street
    Interior features
    Ceiling Fan(s), 2nd Kitchen, Bathroom - Tub Shower, Built-Ins, Carpet, Dining Area, Entry Level Bedroom, Floor Plan - Traditional, Wood Floors, Window Treatments
    Appliances
    Built-In Microwave, Microwave, Oven - Self Cleaning, Oven/Range - Gas, Refrigerator, Stove, Washer/Dryer Hookups Only, Washer/Dryer Stacked, WaterHeater
    Size
    1,975 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Other (Heating), Hot Water(Heating)
    Cooling system
    Wall Unit(s), Window Unit(s)

    Building Details

    Year built
    1948
    Number of units
    3
    Building materials
    Vinyl Siding, Brick, Stone, Stucco

    We can help!

    Listing Contact
    Michael Cirillo

    Better Homes Realty Group

    Listing agent Michael Cirillo License #RM423301

    Listing date Mar 11, 2026

    MLS# PAPH2555420 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.

    Learn more

    Property Insight Report

    Overview

    Well-Maintained Corner Triplex in Olney

    Located in the heart of Olney, this corner triplex at 5401 N 4th St presents an opportunity for investors or owner-occupants. The property features three self-contained units. The first-floor unit includes a living room, updated kitchen, two bedrooms, a full bath, and in-unit laundry hook-ups. The second-floor unit offers one bedroom (formerly two bedrooms converted to an expanded one bedroom), a full bath, a living area, and in-unit laundry hook-ups. Both units are separately metered for gas and electric. The 1,975 square foot property includes a third unit in the basement that requires extensive renovations. The property has new siding on the exterior, a rear yard, and ample street parking. The 0.05-acre lot is near major roadways, public transportation, shopping, schools, and parks. The property is legally zoned as a duplex, but with zoning approvals, a third unit can be added in the basement. The property is currently vacant and is suitable for an end-user, owner-occupant, or investor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.129
    Latitude
    40.03322

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    FAQs

    What type of property is this?
    Triplex - Triplex in Olney with three units and renovation potential.
    Where is this triplex located?
    The property is located at 5401 N 4Th St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: - Triplex offering income potential for investors or owner-occupants.; - Two units are move-in ready with in-unit laundry hook-ups.; - Separately metered gas and electric.
    (215) 938-7800
    Request Owner's contact information
    5401 N 4Th St Philadelphia, PA 19120
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    Philadelphia, PA 19120
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5401 N 4Th St Philadelphia, PA 19120
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    We can help!
    Listing Contact
    Michael Cirillo
    Real Estate License ID: RM423301
    Learn More
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