Four-Unit Residential Income
1204 West Rockland Street Philadelphia, PA 19141
For Sale
$349,000
Four-unit residential property with three occupied units and seller-provided rent roll available upon request.
Property Size1,856 SF
Price / SF$188.04
Days on Market253
Property Features for 1204 West Rockland Street
General Information
- Standard status
- Active
- Size
- 1,856 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1940
Listing Agency:
PHL Residential, LLC.
(215) 586-3801
Listed By:
Keana Nunes · License #RS349402
(215) 586-3801
Source:
Compass
Added: Nov 14, 2025
Changed: Jul 23
Last Checked: Jul 23 at 3:54PM
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 PHL Residential, LLC.
Investment Insights
Based on property information with market context.
This is a four-unit residential income property. Three of the apartments are currently occupied, providing income from the start, and the remaining unit is available as part of the ownership opportunity.
For showings of occupied units, at least 48 hours’ notice is requested. The seller notes that current rents are below market and offers a copy of the rent roll and rental analysis upon request.
The property is offered for sale in Philadelphia under MLS area 19138, within The School District of Philadelphia.
For showings of occupied units, at least 48 hours’ notice is requested. The seller notes that current rents are below market and offers a copy of the rent roll and rental analysis upon request.
The property is offered for sale in Philadelphia under MLS area 19138, within The School District of Philadelphia.
Key Highlights
- 4‑unit residential property with three apartments currently occupied
- Seller‑provided rent roll and rental analysis available upon request
- Year built: 1940
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 | $47.9k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $45.2k | $24.38 |
| − OpEx | −$13.6k | −$7.31 |
| NOI | $31.7k | $17.06 |
1,856 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$452.5K
$395.9K – $527.9K
NOI $31,672 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$417.1K
$364.9K – $486.6K
NOI $29,194 @ 7.0% cap · market cap 8.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit residential property with three occupied units and seller-provided rent roll available upon request.
Where is this quadplex located?
The property is located at 1204 West Rockland Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 4‑unit residential property with three apartments currently occupied; Seller‑provided rent roll and rental analysis available upon request; Year built: 1940
