Quadplex with Rooftop
For Sale
$1,400,000
1309 S 20TH STREET, Philadelphia, PA 19146
Four residential units feature contemporary finishes, oversized windows, and in-unit washer and dryer appliances.
Property Size4,765 SF
Price / SF$293.81
Days on Market425
Property Features for 1309 S 20TH STREET
General Information
Standard status
Active
Size
4,765 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
4
Additional Details
Cap Rate
6.52%
Taxes and HOA fees
Annual Taxes
$2,865
Amenities
rooftop terrace
in-unit washer/dryer
Building Details
Building Size
4,765 SF
Year Built
2019
Buildings
1
Listing Agency:
Keller Williams Liberty Place
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Patmckennarealtors
Added: Jul 10, 2025
Changed: Aug 31
Last Checked: Sep 6 at 9:11AM
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 Liberty Place
Investment Insights
Based on property information with market context.
Built in 2019, this 4,765 SF quadplex contains four residential units arranged as two 2x2 residences and two 3x2 residences. Each apartment averages over 1,000 SF and includes contemporary kitchens and baths, LVP flooring, high ceilings, oversized windows, and an in-unit washer and dryer. The building also includes a rooftop terrace with skyline views.
The property is located at 1309 S 20TH STREET in Philadelphia’s Point Breeze area, with access to parks, shops, cafes, bars, restaurants, roadways, and transit options. The offering carries a 6.52% CAP rate and approximately 5.5 years remaining on a full 10 year tax abatement.
The property is located at 1309 S 20TH STREET in Philadelphia’s Point Breeze area, with access to parks, shops, cafes, bars, restaurants, roadways, and transit options. The offering carries a 6.52% CAP rate and approximately 5.5 years remaining on a full 10 year tax abatement.
Key Highlights
- Four‑unit quadplex built in 2019
- 4,765 SF apartment building with four residences
- Unit mix includes two 2x2 and two 3x2 apartments
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
$81,314
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
5.81%
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%
$1,626,280
$1.6M
Cap Rate 7%
$1,161,629
$1.2M
Cap Rate 9%
$903,489
$903.5K
Market Conditions
NOI Build-Up for 4,765 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
$122.9K $25.80/SF
− Vacancy
−$6.8K −$1.42/SF
EGI
$116.2K $24.38/SF
− OpEx
−$34.8K −$7.31/SF
NOI
$81.3K $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 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%
$1,626,280
Cap Rate 7%
$1,161,629
Cap Rate 9%
$903,489
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,314 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$1.07M
$936.9K – $1.25M
NOI $74,951 @ 7.0% cap · market cap 5.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,200
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
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 - Four residential units feature contemporary finishes, oversized windows, and in-unit washer and dryer appliances.
Where is this quadplex located?
The property is located at 1309 S 20TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 2019; 4,765 SF apartment building with four residences; Unit mix includes two 2x2 and two 3x2 apartments
