Renovated
For Sale
$550,000
1258 N 64TH STREET, Philadelphia, PA 19151
Central heating and cooling serve all units, with electric separately metered to each apartment.
Property Size2,170 SF
Price / SF$253.46
Days on Market33
Property Features for 1258 N 64TH STREET
General Information
Standard status
Active
Size
2,170 SF
Property subtype
Quadruplex
Net Operating Income
$38,573
Financials
Asking Price
$550,000
Cap Rate
7.01%
Gross Income
$49,200
Additional Details
Multifamily Units
4
Building Details
Year Built
1920
Listing Agency:
Capital Commercial Real Estate Group
(610) 359-9700
Listed By:
Christopher A Yangello
(610) 359-9700
Source:
Cummingsrealtors
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 30 at 4:47PM
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 Capital Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This four-unit apartment building contains 2,170 square feet and was built in 1920. The property has undergone a complete renovation and is described in excellent condition, with no known deferred maintenance. Each apartment has central heat and central air, along with 100 amp electrical service.
Electricity is separately metered and paid by tenants, while water is owner-paid. The roof and water heaters are approximately 4 years old. The property does not include parking and is located in Philadelphia, Pennsylvania.
Electricity is separately metered and paid by tenants, while water is owner-paid. The roof and water heaters are approximately 4 years old. The property does not include parking and is located in Philadelphia, Pennsylvania.
Key Highlights
- Four‑unit apartment building with 2,170 square feet
- Complete renovation with no known deferred maintenance
- Central heat and central air in every unit
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
$37,031
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
6.73%
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%
$740,620
$740.6K
Cap Rate 7%
$529,014
$529.0K
Cap Rate 9%
$411,456
$411.5K
Market Conditions
NOI Build-Up for 2,170 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
$56.0K $25.80/SF
− Vacancy
−$3.1K −$1.42/SF
EGI
$52.9K $24.38/SF
− OpEx
−$15.9K −$7.31/SF
NOI
$37.0K $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%
$740,620
Cap Rate 7%
$529,014
Cap Rate 9%
$411,456
Alternative Uses
Best Use
Multifamily LT 5
$529.0K
$462.9K – $617.2K
NOI $37,031 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$487.6K
$426.7K – $568.9K
NOI $34,133 @ 7.0% cap · market cap 6.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,030
Businesses Nearby
Explore this area
Business Placement
Demographics for 19151, PA
30,394
Population
15,084
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
12,664
Density / Sq Mi
$58,046
Median Household Income
$42,504
Median Earnings
$1,167
Median Rent
$181,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Central heating and cooling serve all units, with electric separately metered to each apartment.
Where is this quadplex located?
The property is located at 1258 N 64TH STREET 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: Four‑unit apartment building with 2,170 square feet; Complete renovation with no known deferred maintenance; Central heat and central air in every unit
