Legal 4-Unit
For Sale
$724,900
876 N 19TH STREET, Philadelphia, PA 19130
Vacant, fully permitted four-unit property with varied apartment layouts, private outdoor space, and basement access.
Property Size2,363 SF
Price / SF$306.77
Days on Market29
Property Features for 876 N 19TH STREET
General Information
Standard status
Active
Size
2,363 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x 1BR, 1 x studio, 1 x 2BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,100
Building Details
Building Size
2,363 SF
Year Built
1920
Buildings
1
Listing Agency:
The Greene Realty Group
(888) 278-5840
Listed By:
Derek J. Greene · License #SBR004802
(888) 278-5840
Source:
Patmckennarealtors
Added: Aug 2
Changed: Aug 30
Last Checked: Aug 20 at 7:38AM
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 The Greene Realty Group
Investment Insights
Based on property information with market context.
This legal four-unit quadplex offers 2,363 square feet of living area across a studio, two one-bedroom apartments, and a two-bedroom unit. The first-floor apartment includes a private backyard and basement access. Built in 1920, the property retains its historic Philadelphia character and is being sold vacant and as-is, allowing the next owner to determine its use and finish level.
The property is located at 876 N 19TH STREET in Philadelphia’s Fairmount neighborhood, with restaurants, cafés, parks, nightlife, the Art Museum, Benjamin Franklin Parkway, Center City, and Rittenhouse Square identified nearby. The building is presented as a permitted four-unit configuration with separate apartments and flexible residential income potential.
The property is located at 876 N 19TH STREET in Philadelphia’s Fairmount neighborhood, with restaurants, cafés, parks, nightlife, the Art Museum, Benjamin Franklin Parkway, Center City, and Rittenhouse Square identified nearby. The building is presented as a permitted four-unit configuration with separate apartments and flexible residential income potential.
Key Highlights
- Legal four‑unit building with fully permitted apartment configuration
- 2,363 sq ft of total living area
- Unit mix includes a studio, two 1‑bedroom apartments, and one 2‑bedroom apartment
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
$40,324
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
5.56%
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%
$806,480
$806.5K
Cap Rate 7%
$576,057
$576.1K
Cap Rate 9%
$448,044
$448.0K
Market Conditions
NOI Build-Up for 2,363 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
$61.0K $25.80/SF
− Vacancy
−$3.4K −$1.42/SF
EGI
$57.6K $24.38/SF
− OpEx
−$17.3K −$7.31/SF
NOI
$40.3K $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%
$806,480
Cap Rate 7%
$576,057
Cap Rate 9%
$448,044
Alternative Uses
Best Use
Multifamily LT 5
$576.1K
$504.1K – $672.1K
NOI $40,324 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$531.0K
$464.6K – $619.5K
NOI $37,169 @ 7.0% cap · market cap 5.13%
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
Location Intelligence
Trade Area within ½ mile
2,806
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
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 - Vacant, fully permitted four-unit property with varied apartment layouts, private outdoor space, and basement access.
Where is this quadplex located?
The property is located at 876 N 19TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Legal four‑unit building with fully permitted apartment configuration; 2,363 sq ft of total living area; Unit mix includes a studio, two 1‑bedroom apartments, and one 2‑bedroom apartment
