Tenant-Occupied Duplex For
1138 N 4TH STREET Philadelphia, PA 19123
1138 N 4TH STREET, Philadelphia, PA, 19123
$579,000
For Sale
$579,000
Duplex with tenant-occupied apartments, leases in place.
Property Size1,854 SF
Lot Size0.03 Acres
Price / SF$312.30
Days on Market1379
Property Features for 1138 N 4TH STREET
General Information
- Standard status
- Active
- Size
- 1,854 SF
- Lot size
- 0.03 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing Agency
Fred R Levine Real Estate
(215) 465-3733
Listed by
Fred R Levine · License #RB043558A
(215) 465-3733
Source
Exitrealty
Added: Oct 9, 2022 Checked: Jul 17 at 5:34 am
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 Fred R Levine Real Estate
Investment Insights
Based on property information with market context.
This is a duplex property featuring two apartments. The property is being sold with tenants in place. Unit A is currently leased for $1400 per month, with the lease ending on May 31, 2025. Unit B is leased for $1700 per month, with the lease expiring on July 31, 2024. Tenants are responsible for covering the costs of gas and electricity. The property size is 1854 square feet.
Key Highlights
- Tenant‑occupied property provides immediate rental income.
- Total current rental income of $3100/month.
- Tenants responsible for gas and electric, reducing landlord expenses.
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 | $47.8k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $45.2k | $24.38 |
| − OpEx | −$13.6k | −$7.31 |
| NOI | $31.6k | $17.06 |
1,854 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$452.0K
$395.5K – $527.3K
NOI $31,638 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$416.6K
$364.5K – $486.1K
NOI $29,163 @ 7.0% cap · market cap 5.04%
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
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with tenant-occupied apartments, leases in place.
Where is this duplex located?
The property is located at 1138 N 4TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Tenant‑occupied property provides immediate rental income.; Total current rental income of $3100/month.; Tenants responsible for gas and electric, reducing landlord expenses.
