Multifamily Quadplex with Separate
For Sale
$345,000
1303 W VENANGO STREET, Philadelphia, PA 19140
Multifamily property near Shriners Hospital and the Lewis Katz School of Medicine, with a separately accessed basement.
Property Size1,188 SF
Days on Market59
Property Features for 1303 W VENANGO STREET
General Information
Standard status
Active
Size
1,188 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x studio, 2 x 3BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,795
Building Details
Building Size
1,188 SF
Year Built
1940
Buildings
1
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Nursal Alberici · License #RS346418
(267) 456-6147
Source:
Patmckennarealtors
Added: Aug 21
Changed: Oct 11
Last Checked: Oct 16 at 3:52PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
Built in 1940, this multifamily quadplex includes a basement with its own separate front entrance, providing additional functional space within the building. The property is offered as-is, and the buyer will be responsible for U&O requirements.
The property is located one block from Shriners Hospital and the Lewis Katz School of Medicine. Its zoning recently changed from commercial to multifamily, supporting the current residential classification. The property is also available as part of a package with 1301 W Venango Street.
The property is located one block from Shriners Hospital and the Lewis Katz School of Medicine. Its zoning recently changed from commercial to multifamily, supporting the current residential classification. The property is also available as part of a package with 1301 W Venango Street.
Key Highlights
- Multifamily quadplex classification
- Basement with separate front entrance
- Zoning changed from commercial to multifamily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,273
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,460
$405.5K
Cap Rate 7%
$289,614
$289.6K
Cap Rate 9%
$225,256
$225.3K
Market Conditions
NOI Build-Up for 1,188 SF
Gross rent
$30.7K $25.80/SF
− Vacancy
−$1.7K −$1.42/SF
EGI
$29.0K $24.38/SF
− OpEx
−$8.7K −$7.31/SF
NOI
$20.3K $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%
$405,460
Cap Rate 7%
$289,614
Cap Rate 9%
$225,256
Alternative Uses
Best Use
Multifamily LT 5
$289.6K
$253.4K – $337.9K
NOI $20,273 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$267.0K
$233.6K – $311.5K
NOI $18,687 @ 7.0% cap · market cap 5.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,302
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property near Shriners Hospital and the Lewis Katz School of Medicine, with a separately accessed basement.
Where is this quadplex located?
The property is located at 1303 W VENANGO STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Multifamily quadplex classification; Basement with separate front entrance; Zoning changed from commercial to multifamily
