Residential Income Property with Loft
For Sale
$574,900
1147 N 4TH STREET Unit 3A, Philadelphia, PA 19123
Two-bedroom condominium unit with exposed brick, industrial windows, assigned parking, and an open kitchen-living layout.
Property Size1,466 SF
Days on Market64
Property Features for 1147 N 4TH STREET Unit 3A
General Information
Standard status
Active
Size
1,466 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$6,639
Amenities
elevator
Tesla charging stations
lockable storage containers
secure common entrance
automatic interior blinds
washer/dryer
Building Details
Building Size
1,466 SF
Year Built
2004
Construction
brick
Listing Agency:
RE/MAX Of Reading
Listed By:
Dave Decembrino · License #RS223349L
(610) 656-9427
Source:
Patmckennarealtors
Added: Aug 6
Changed: Oct 3
Last Checked: Oct 7 at 3:50PM
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 RE/MAX Of Reading
Investment Insights
Based on property information with market context.
This third-floor condominium unit offers a two-bedroom, two-full-bath layout with polished concrete floors, exposed brick, heavy timber ceilings, and large industrial-style windows equipped with automatic interior blinds. The open kitchen includes natural maple cabinetry, granite countertops, a food-prep peninsula, breakfast-bar seating, stainless steel appliances, and an adjoining walk-in pantry. A stackable washer and dryer, designer light fixtures, and large furnishings remain. The primary suite includes a walk-in closet with built-in shelving, antique cabinetry, and a private bath with double sinks, a soaking tub, and an updated tile shower. The second bedroom is served by a nearby full bath and may also function as an office or nursery.
The condominium building has a brick exterior, common entry with a digital touch pad, elevator access, and secure basement-style garage parking. Assigned parking spaces include lockable poly storage containers and brand-new Tesla charging stations. The property is located at 1147 N 4th Street in Philadelphia, with access to the Market-Frankfort EL SEPTA line and walkable access to nearby conveniences.
The condominium building has a brick exterior, common entry with a digital touch pad, elevator access, and secure basement-style garage parking. Assigned parking spaces include lockable poly storage containers and brand-new Tesla charging stations. The property is located at 1147 N 4th Street in Philadelphia, with access to the Market-Frankfort EL SEPTA line and walkable access to nearby conveniences.
Key Highlights
- 2‑bedroom, 2 full bath, third‑floor condominium unit
- 11' high heavy timber ceilings with exposed brick and polished concrete floors
- Open kitchen with maple cabinetry, granite countertops, stainless steel appliances, and walk‑in pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,059
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,180
$461.2K
Cap Rate 7%
$329,414
$329.4K
Cap Rate 9%
$256,211
$256.2K
Market Conditions
NOI Build-Up for 1,466 SF
Gross rent
$44.5K $30.36/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$41.9K $28.60/SF
− OpEx
−$18.9K −$12.87/SF
NOI
$23.1K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,180
Cap Rate 7%
$329,414
Cap Rate 9%
$256,211
Alternative Uses
Best Use
Apartment 5plus
$329.4K
$288.2K – $384.3K
NOI $23,059 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$357.4K
$312.7K – $417.0K
NOI $25,017 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium unit with exposed brick, industrial windows, assigned parking, and an open kitchen-living layout.
Where is this residential income property located?
The property is located at 1147 N 4TH STREET Unit 3A Philadelphia, PA.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: 2‑bedroom, 2 full bath, third‑floor condominium unit; 11' high heavy timber ceilings with exposed brick and polished concrete floors; Open kitchen with maple cabinetry, granite countertops, stainless steel appliances, and walk‑in pantry
