Tenant-Occupied
For Sale
$550,000
1138 N 4TH ST, Philadelphia, PA 19123
Two apartments provide a residential income configuration with residents covering gas and electric service.
Property Size1,854 SF
Price / SF$296.66
Days on Market95
Property Features for 1138 N 4TH ST
General Information
Standard status
Active
Size
1,854 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Fred R Levine Real Estate
Listed By:
Fred R Levine · License #RB043558A
(215) 465-3733
Source:
Davidyungmann.myrealestateplatform
Added: Jul 20
Changed: Oct 6
Last Checked: Oct 20 at 8:28PM
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
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Investment Insights
Based on property information with market context.
This duplex at 1138 N 4TH ST in Philadelphia contains two apartments within 1,854 square feet. The property is currently occupied by tenants, with residents responsible for their own gas and electric service.
Unit A has a lease ending 5/31/25, while Unit B has a lease ending 7/31/24. The two-unit configuration provides an established residential income property profile at a Philadelphia address.
Unit A has a lease ending 5/31/25, while Unit B has a lease ending 7/31/24. The two-unit configuration provides an established residential income property profile at a Philadelphia address.
Key Highlights
- Two‑apartment duplex at 1138 N 4TH ST, Philadelphia, PA 19123
- 1,854 square feet of property size
- Being sold with both units tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,638
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,760
$632.8K
Cap Rate 7%
$451,971
$452.0K
Cap Rate 9%
$351,533
$351.5K
Market Conditions
NOI Build-Up for 1,854 SF
Gross rent
$47.8K $25.80/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$45.2K $24.38/SF
− OpEx
−$13.6K −$7.31/SF
NOI
$31.6K $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 Rate 5%
$632,760
Cap Rate 7%
$451,971
Cap Rate 9%
$351,533
Alternative Uses
Best Use
Multifamily LT 5
$452.0K
$395.5K – $527.3K
NOI $31,638 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$416.6K
$364.5K – $486.1K
NOI $29,163 @ 7.0% cap · market cap 5.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,393
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments provide a residential income configuration with residents covering gas and electric service.
Where is this duplex located?
The property is located at 1138 N 4TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑apartment duplex at 1138 N 4TH ST, Philadelphia, PA 19123; 1,854 square feet of property size; Being sold with both units tenant occupied
