New Construction Four-Unit
For Sale
$900,000
5117 Warren Street, Philadelphia, PA 19131
Turnkey multifamily property delivered fully built, inspected, and with a Certificate of Occupancy in place.
Property Size4,600 SF
Price / SF$195.65
Days on Market477
Property Features for 5117 Warren Street
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Multi-family
Lease Term
[]
Listing Agency:
Real Broker,LLC
(856) 418-7852
Listed By:
William B Spinner · License #1647459
Source:
Deepcreeklake
Added: Apr 16, 2025
Changed: Aug 5
Last Checked: Aug 5 at 7:21AM
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 Real Broker,LLC
Investment Insights
Based on property information with market context.
This brand-new quadplex comprises four multifamily units within a 4,600 SF property. The asset is offered turnkey, with construction completed, inspections performed, and a Certificate of Occupancy in place. Its new-construction profile provides a recently completed rental property without the need to manage a ground-up development process.
The property is located in a Qualified Opportunity Zone and sits 1 block from Lancaster Ave, where restaurants, shops, SEPTA trolley service, and essential services are available. ParkWest Town Center, including ShopRite, Lowe's, Planet Fitness, and Santander, is a half mile away. Fairmount Park, the Mann Music Center, Please Touch Museum, and Bala Golf Club are less than a mile from the property. The location also offers access to Center City, City Ave, University City, and St. Joseph's University, Drexel University, and the University of Pennsylvania.
The property is located in a Qualified Opportunity Zone and sits 1 block from Lancaster Ave, where restaurants, shops, SEPTA trolley service, and essential services are available. ParkWest Town Center, including ShopRite, Lowe's, Planet Fitness, and Santander, is a half mile away. Fairmount Park, the Mann Music Center, Please Touch Museum, and Bala Golf Club are less than a mile from the property. The location also offers access to Center City, City Ave, University City, and St. Joseph's University, Drexel University, and the University of Pennsylvania.
Key Highlights
- Brand‑new four‑unit multifamily property
- 4,600 SF property delivered turnkey
- Inspected with Certificate of Occupancy in place
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.7k | $25.80 |
| − Vacancy | −$6.5k | −$1.42 |
| EGI | $112.1k | $24.38 |
| − OpEx | −$33.6k | −$7.31 |
| NOI | $78.5k | $17.06 |
4,600 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$981.2K – $1.31M
NOI $78,499 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$1.03M
$904.5K – $1.21M
NOI $72,356 @ 7.0% cap · market cap 8.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
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 - Turnkey multifamily property delivered fully built, inspected, and with a Certificate of Occupancy in place.
Where is this quadplex located?
The property is located at 5117 Warren Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Brand‑new four‑unit multifamily property; 4,600 SF property delivered turnkey; Inspected with Certificate of Occupancy in place
