Quadplex with Rooftop
For Sale
$1,030,000
1008 GREEN STREET, Philadelphia, PA 19123
Four two-bedroom, two-bath residences include in-unit laundry, with select units offering private outdoor areas.
Property Size3,834 SF
Days on Market145
Property Features for 1008 GREEN STREET
General Information
Standard status
Active
Size
3,834 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,772
Amenities
in-unit washer and dryer
private backyard
private balconies
shared rooftop deck
Building Details
Building Size
3,834 SF
Year Built
2017
Buildings
1
Listing Agency:
Realty Mark Associates - KOP
(215) 834-8897
Listed By:
LIN LIN DONG · License #RS345597
(215) 834-8897
Source:
Patmckennarealtors
Added: Apr 8
Changed: Aug 28
Last Checked: Aug 29 at 1:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Mark Associates - KOP
Investment Insights
Based on property information with market context.
Completed in 2017, this four-unit residential property is configured with matching two-bedroom, two-bath residences. Each unit includes its own washer and dryer, providing dedicated laundry within the residence. Outdoor features vary by unit: Unit B has a private backyard, while Units C and D each include a private balcony. Residents also have access to a shared rooftop deck, adding a common outdoor amenity to the property.
The building is located at 1008 Green Street in Philadelphia, Pennsylvania 19123. Its four-unit layout, consistent bedroom and bathroom configuration, in-unit laundry, and combination of private and shared outdoor spaces define the property’s physical offering.
The building is located at 1008 Green Street in Philadelphia, Pennsylvania 19123. Its four-unit layout, consistent bedroom and bathroom configuration, in-unit laundry, and combination of private and shared outdoor spaces define the property’s physical offering.
Key Highlights
- Four‑unit building completed in 2017
- Each residence has 2 bedrooms and 2 bathrooms
- In‑unit washer and dryer in every residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,427
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,308,540
$1.3M
Cap Rate 7%
$934,671
$934.7K
Cap Rate 9%
$726,967
$727.0K
Market Conditions
NOI Build-Up for 3,834 SF
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.
Gross rent
$98.9K $25.80/SF
− Vacancy
−$5.5K −$1.42/SF
EGI
$93.5K $24.38/SF
− OpEx
−$28.0K −$7.31/SF
NOI
$65.4K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,308,540
Cap Rate 7%
$934,671
Cap Rate 9%
$726,967
Alternative Uses
Best Use
Multifamily LT 5
$934.7K
$817.8K – $1.09M
NOI $65,427 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$861.5K
$753.8K – $1.01M
NOI $60,307 @ 7.0% cap · market cap 5.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,285
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom, two-bath residences include in-unit laundry, with select units offering private outdoor areas.
Where is this quadplex located?
The property is located at 1008 GREEN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,030,000.
What are key features of this property?
This property features: Four‑unit building completed in 2017; Each residence has 2 bedrooms and 2 bathrooms; In‑unit washer and dryer in every residence
