Legal Quadplex with
New
For Sale
$379,500
1314 W ROCKLAND Street, Philadelphia, PA 19141
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,070 SF
Lot Size0.05 Acres
Price / SF$183.33
Days on Market6
Property Features for 1314 W ROCKLAND Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
On Street
Subdivision
OLNEY
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,070 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
3535
Utilities
Heating system
Hot Water(Heating), Baseboard, Electric (Heating)
Building Details
Year built
1935
Number of units
4
Building materials
Masonry
Listing Agency:
Elite Realty Group Unl. Inc. · RE/MAX International
(215) 328-4800
Listed By:
Alexander Molinski · License #RS293352
(267) 408-6671
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 11 at 10:06PM
MLS# PAPH2656538
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal quadplex contains 2,070 square feet and four residential units: two studios, one one-bedroom unit, and one two-bedroom unit. The interiors have been recently refreshed, and the property includes a full basement, spacious backyard, masonry construction, and on-street parking. The building was constructed in 1935 and is heated by baseboard, hot water, and electric systems.
An active rental license identifies four units. Three apartments are vacant, while the first-floor rear studio has a long-term occupant. Separate utilities include PECO service and four gas meters. The property sits on a 0.0499-acre parcel at 1314 W Rockland Street in Philadelphia, Pennsylvania.
An active rental license identifies four units. Three apartments are vacant, while the first-floor rear studio has a long-term occupant. Separate utilities include PECO service and four gas meters. The property sits on a 0.0499-acre parcel at 1314 W Rockland Street in Philadelphia, Pennsylvania.
Key Highlights
- Active rental license showing 4 units
- Unit mix includes two studios, one 1 BD, and one 2 BD apartment
- 2,070 square feet on a 0.0499‑acre parcel
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
$32,560
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
8.58%
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%
$651,200
$651.2K
Cap Rate 7%
$465,143
$465.1K
Cap Rate 9%
$361,778
$361.8K
Market Conditions
NOI Build-Up for 2,070 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
$62.8K $30.36/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$59.2K $28.60/SF
− OpEx
−$26.6K −$12.87/SF
NOI
$32.6K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$651,200
Cap Rate 7%
$465,143
Cap Rate 9%
$361,778
Alternative Uses
Best Use
Multifamily LT 5
$504.6K
$441.6K – $588.7K
NOI $35,324 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$465.1K
$407.0K – $542.7K
NOI $32,560 @ 7.0% cap · market cap 8.58%
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
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 19141, PA
31,047
Population
16,290
Households
1.9
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
1.7 sq mi
ZIP Area
18,263
Density / Sq Mi
$42,461
Median Household Income
$34,464
Median Earnings
$1,009
Median Rent
$143,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Licensed four-unit property with refreshed interiors, separate utilities, and a spacious backyard.
Where is this quadplex located?
The property is located at 1314 W ROCKLAND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,500.
What are key features of this property?
This property features: Active rental license showing 4 units; Unit mix includes two studios, one 1 BD, and one 2 BD apartment; 2,070 square feet on a 0.0499‑acre parcel
