4-Unit Quadplex with
For Sale
$825,000
131 Pemberton St, Philadelphia, PA 19147
The four-apartment layout combines three studios with a two-bedroom residence, and two apartments are leased.
Property Size2,952 SF
Price / SF$279.47
Days on Market17
Property Features for 131 Pemberton St
General Information
Standard status
Active
Size
2,952 SF
Property subtype
Residential Income
Occupancy
50%
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
3 x studio, 1 x 2BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,106
Amenities
coin-operated laundry
yard
Building Details
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Deidre M Quinn · License #RS276819
(267) 225-3678
Source:
Exprealty
Added: Oct 1
Changed: Oct 15
Last Checked: Oct 16 at 10:03AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
At 131 Pemberton Street, this 2,952-square-foot quadplex dates to 1915 and contains four apartments: three studios and one two-bedroom unit. Two apartments are leased. Original architectural details remain, with coin-operated laundry in the basement and side and rear yard areas. The building extends between streets, and an upper-level storage area could be considered for residential conversion, subject to zoning, permits, and required approvals.
The property is in Philadelphia’s Queen Village neighborhood and falls within the Meredith School Catchment. Restaurants, cafes, shops, parks, South Street, and Fabric Row are nearby. I-76 and I-95 provide connections beyond the neighborhood.
The property is in Philadelphia’s Queen Village neighborhood and falls within the Meredith School Catchment. Restaurants, cafes, shops, parks, South Street, and Fabric Row are nearby. I-76 and I-95 provide connections beyond the neighborhood.
Key Highlights
- Four legal apartments: three studios and one two‑bedroom unit
- 2,952 square feet; built in 1915
- Two units are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,376
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,520
$1.0M
Cap Rate 7%
$719,657
$719.7K
Cap Rate 9%
$559,733
$559.7K
Market Conditions
NOI Build-Up for 2,952 SF
Gross rent
$76.2K $25.80/SF
− Vacancy
−$4.2K −$1.42/SF
EGI
$72.0K $24.38/SF
− OpEx
−$21.6K −$7.31/SF
NOI
$50.4K $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%
$1,007,520
Cap Rate 7%
$719,657
Cap Rate 9%
$559,733
Alternative Uses
Best Use
Multifamily LT 5
$719.7K
$629.7K – $839.6K
NOI $50,376 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$663.3K
$580.4K – $773.9K
NOI $46,434 @ 7.0% cap · market cap 5.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,605
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The four-apartment layout combines three studios with a two-bedroom residence, and two apartments are leased.
Where is this quadplex located?
The property is located at 131 Pemberton St Philadelphia, PA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Four legal apartments: three studios and one two‑bedroom unit; 2,952 square feet; built in 1915; Two units are currently leased
