Four-Unit Masonry
For Sale
$1,030,000
1008 GREEN Street, Philadelphia, PA 19123
Multi-Family, PHILADELPHIA, PA
Property Size3,834 SF
Lot Size0.04 Acres
Price / SF$268.65
Days on Market156
Property Features for 1008 GREEN Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
3,834 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3772
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
in-unit washer and dryer
private backyard
private balconies
shared rooftop deck
Building Details
Year built
2017
Number of units
4
Building materials
Masonry
Architectural style
Other
Listing Agency:
Realty Mark Associates - KOP
(215) 376-4444
Listed By:
LIN LIN DONG · License #RS345597
(215) 834-8897
Added: Apr 8
Changed: Sep 5
Last Checked: Sep 10 at 10:06AM
MLS# PAPH2605394
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.
Investment Insights
Based on property information with market context.
Completed in 2017, this 3,834-square-foot quadplex contains four residential units, each configured with 2 bedrooms and 2 bathrooms. Every residence includes its own washer and dryer. The masonry building is equipped with forced-air heating and central air conditioning.
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. The property occupies 0.036 acres at 1008 GREEN Street in Philadelphia, Pennsylvania 19123.
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. The property occupies 0.036 acres at 1008 GREEN Street in Philadelphia, Pennsylvania 19123.
Key Highlights
- Four‑unit building with 2 bedrooms and 2 bathrooms in each unit
- 3,834 square feet on a 0.036‑acre lot
- In‑unit washer and dryer provided 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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - 2017-built residential income property with private outdoor areas and in-unit laundry for every residence.
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 with 2 bedrooms and 2 bathrooms in each unit; 3,834 square feet on a 0.036‑acre lot; In‑unit washer and dryer provided in every residence
