Turnkey Four-Unit
PHILADELPHIA, PA 19122 Philadelphia, PA 19122
Philadelphia, PA, 19122
$1,070,000
For Sale
$1,070,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size3,768 SF
Price / SF$283.97
Days on Market83
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Active
- Size
- 3,768 SF
Building Details
- Year built
- 2020
Listing Agency
BHHS Fox & Roach Center City-Society Hill
(215) 627-6005
PA
Listed by
Philly Home Advisors
(267) 326-1272
Added: Apr 27 Checked: Jul 18 at 6:06 am
MLS# PAPH2611078
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A turnkey four-unit multifamily property built in 2021, arranged as two separate duplex buildings on a single parcel. Each building provides access to a private backyard, and the configuration supports four oversized units featuring three bedrooms and three bathrooms. The interiors are described as having modern, high-quality materials and functional, spacious floor plans.
The property is leased to PHA tenants and is currently delivering in-place, government-backed income. In-place rents are listed as $2,300 for Unit 1, $2,038 for Unit 2, $2,300 for Unit 3, and $1,970 for Unit 4, supporting a stated 1.38 DSCR and 8.05 percent cap rate, along with an 8.86 percent cash-on-cash return. The offering notes benefits from an original 10-year tax abatement and indicates the property is located within a Qualified Opportunity Zone. The seller’s public remarks also state the property is minutes from Temple University, with convenient access to Northern Liberties and Fishtown, and that the deal includes one year of free professional property management with acceptable terms.
The property is leased to PHA tenants and is currently delivering in-place, government-backed income. In-place rents are listed as $2,300 for Unit 1, $2,038 for Unit 2, $2,300 for Unit 3, and $1,970 for Unit 4, supporting a stated 1.38 DSCR and 8.05 percent cap rate, along with an 8.86 percent cash-on-cash return. The offering notes benefits from an original 10-year tax abatement and indicates the property is located within a Qualified Opportunity Zone. The seller’s public remarks also state the property is minutes from Temple University, with convenient access to Northern Liberties and Fishtown, and that the deal includes one year of free professional property management with acceptable terms.
Key Highlights
- Four‑unit multifamily configured as two duplex buildings on a single parcel, with access to a private backyard
- Each unit is leased to PHA tenants for government‑backed, in‑place rental income
- In‑place rents: Unit 1 $2,300; Unit 2 $2,038; Unit 3 $2,300; Unit 4 $1,970
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 | $97.2k | $25.80 |
| − Vacancy | −$5.4k | −$1.42 |
| EGI | $91.9k | $24.38 |
| − OpEx | −$27.6k | −$7.31 |
| NOI | $64.3k | $17.06 |
3,768 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$918.6K
$803.8K – $1.07M
NOI $64,301 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$846.7K
$740.9K – $987.8K
NOI $59,269 @ 7.0% cap · market cap 5.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turnkey four-unit property built in 2021 with duplex-style layouts and private backyard access from each building.
Where is this quadplex located?
The property is located at Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,070,000.
What are key features of this property?
This property features: Four‑unit multifamily configured as two duplex buildings on a single parcel, with access to a private backyard; Each unit is leased to PHA tenants for government‑backed, in‑place rental income; In‑place rents: Unit 1 $2,300; Unit 2 $2,038; Unit 3 $2,300; Unit 4 $1,970
