New Construction
For Sale
$1,350,000
810 N Uber St, Philadelphia, PA 19130
Newly built four-unit property offering (4) 2BR apartments with multiple bath configurations and rooftop access from one unit.
Property Size4,625 SF
Price / SF$291.89
Days on Market150
Property Features for 810 N Uber St
General Information
Standard status
Active
Size
4,625 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
2020
Listing Agency:
Keller Williams Main Line
Listed By:
Denise A Frazier
Source:
Bethsamberg
Added: Apr 11
Changed: Sep 3
Last Checked: Sep 6 at 12:07PM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
New construction quadruplex featuring four (4) 2-bedroom units. Unit 1 offers 2BR with 2.5 baths. Unit 2 offers 2BR with 2.5 baths. Unit 3 offers 2BR with 2 baths. Unit 4 offers 2BR with 2 baths and includes private access to a roof deck, along with a balcony off the living room. A lease is in place for Unit 4 at $2,750 per month.
The property is marketed for rent, and the expected gross monthly rent is approximately $10,000. It also includes a 10-year tax abatement. Floor plans and zoning submission information are available.
Construction is expected to be finished by 12/1/2020.
The property is marketed for rent, and the expected gross monthly rent is approximately $10,000. It also includes a 10-year tax abatement. Floor plans and zoning submission information are available.
Construction is expected to be finished by 12/1/2020.
Key Highlights
- New construction quadruplex with (4) 2BR units
- Unit mix: 2BR/2.5BA (1,120 SF and 1,220 SF), plus two 2BR/2BA units (1,200 SF and 1,085 SF)
- Unit 4 includes private roof‑deck access and a balcony off the living room (lease in place for $2,750/month)
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
$78,925
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
5.85%
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%
$1,578,500
$1.6M
Cap Rate 7%
$1,127,500
$1.1M
Cap Rate 9%
$876,944
$876.9K
Market Conditions
NOI Build-Up for 4,625 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
$119.3K $25.80/SF
− Vacancy
−$6.6K −$1.42/SF
EGI
$112.8K $24.38/SF
− OpEx
−$33.8K −$7.31/SF
NOI
$78.9K $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%
$1,578,500
Cap Rate 7%
$1,127,500
Cap Rate 9%
$876,944
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$986.6K – $1.32M
NOI $78,925 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$1.04M
$909.4K – $1.21M
NOI $72,749 @ 7.0% cap · market cap 5.39%
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
2,806
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
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 - Newly built four-unit property offering (4) 2BR apartments with multiple bath configurations and rooftop access from one unit.
Where is this quadplex located?
The property is located at 810 N Uber St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: New construction quadruplex with (4) 2BR units; Unit mix: 2BR/2.5BA (1,120 SF and 1,220 SF), plus two 2BR/2BA units (1,200 SF and 1,085 SF); Unit 4 includes private roof‑deck access and a balcony off the living room (lease in place for $2,750/month)
