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    The Largest CRE Database in the US with Over 1 Million Listings

    902 S 47Th St Philadelphia, PA 19143

    Sponsored
    For Sale
    $489,900

    MULTI_FAMILY - Other - PHILADELPHIA, PA

    Property size:
    3,690 SF
    Lot size:
    0.07 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 23 at 2:06 am

    Property Features for 902 S 47Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    On Street
    Size
    3,690 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Baseboard, Hot Water(Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1895
    Number of units
    4
    Building materials
    Masonry
    Architectural style
    Other

    We can help!

    Listing Contact
    Jackeline Estrada

    Giraldo Real Estate Group (215) 745-0101 [email protected]

    Listing agent Jackeline Estrada (215) 745-0101 License #RS377975

    Listing date Jan 17, 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.

    Learn more

    Property Insight Report

    Overview

    Licensed Quadruplex Investment Opportunity

    This Victorian property is a licensed quadplex, also holding a Single Family with Rooming House license for 10 bedrooms. Previously used as a college fraternity house for over 50 years, it presents a value-add investment opportunity. The owner has initiated the conversion into four independent income-producing units. Unit 1 features 3 bedrooms, 1 full bath, and in-unit laundry; Unit 2 offers 3 bedrooms, 1 full bath, and in-unit laundry; Unit 3 includes 1 bedroom, 1 full bath, and in-unit laundry; and Unit 4 provides 1 bedroom, 1 full bath, and in-unit laundry. Additional features encompass separate utilities, basement storage, a spacious front porch, a large attic with expansion potential, and a high-ceiling basement suitable for future value creation. Major capital improvements have been completed, including fully replaced plumbing, three new water heaters, and approximately 50% completion of electrical work. The 3,690 square foot property on a 0.07-acre lot is being sold AS-IS, offering investors the chance to complete the renovation, increase rental income, and unlock maximum returns. Located near restaurants, schools, cafes, churches, and entertainment, the property is positioned to ensure strong rental demand. The property is located in Philadelphia, PA 19143.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pi Lambda Phi- ... Fraternal Organization

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.21652985
    Latitude
    39.94782639

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    FAQs

    What type of property is this?
    Quadplex - Licensed Philadelphia quadplex with income potential near amenities.
    Where is this quadplex located?
    The property is located at 902 S 47Th St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $489,900.
    What are key features of this property?
    This property features: - Licensed Quadruplex: Legally zoned for four units, providing immediate rental income potential.; - Value-Add Opportunity: Partially renovated with significant capital improvements already completed (plumbing, water heaters, electrical), allowing for increased rental income upon completion.; - Dual Licensing: Holds both Quadruplex and Single Family with Rooming House (10 bedrooms) licenses, offering flexible usage options.
    (215) 745-0101
    Request Owner's contact information
    902 S 47Th St Philadelphia, PA 19143
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    Philadelphia, PA 19143
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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
    902 S 47Th St Philadelphia, PA 19143
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    We can help!
    Listing Contact
    Jackeline Estrada
    Real Estate License ID: RS377975
    (215) 745-0101
    Learn more
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