Four-Unit Residential Income
For Sale
$999,000
146 Vassar Street, Philadelphia, PA 19128
Four-unit property with exposed brick, in-unit laundry, and two extra-large garages for storage or parking.
Property Size3,697 SF
Price / SF$270.22
Days on Market30
Property Features for 146 Vassar Street
General Information
Standard status
Active
Size
3,697 SF
Total Parking Spaces
2
Property subtype
Multi-family
Additional Details
Multifamily Units
4
Amenities
exposed brick walls
central air
forced air
trey ceilings
in unit laundry
hardwood and carpeted flooring
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Keller Williams Real Estate-Blue Bell
(610) 828-2224
Listed By:
Jayme Feiertag · License #RS295613
Source:
Deepcreeklake
Added: Jul 2
Changed: Jul 25
Last Checked: Jul 30 at 6:53PM
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 Real Estate-Blue Bell
Investment Insights
Based on property information with market context.
146 Vassar Street is a unique four-unit residential income property featuring design details in each unit, including exposed brick walls, central air, forced air, trey ceilings, and in-unit laundry. Flooring is a mix of hardwood and carpeted surfaces, supporting both comfort and everyday livability.
The property also includes two extra-large garages, providing additional space that can support storage or parking needs for residents.
Offered for sale at 146 Vassar Street, this is a versatile, owner-occupant or investor-friendly setup, and it is described as being right by the Wissahickon Train Station.
The property also includes two extra-large garages, providing additional space that can support storage or parking needs for residents.
Offered for sale at 146 Vassar Street, this is a versatile, owner-occupant or investor-friendly setup, and it is described as being right by the Wissahickon Train Station.
Key Highlights
- 4‑unit property built in 1900 in Philadelphia
- Each unit features exposed brick, central air, forced air, trey ceilings, and in‑unit laundry
- Units include a mix of hardwood and carpeted flooring
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 | $95.4k | $25.80 |
| − Vacancy | −$5.3k | −$1.42 |
| EGI | $90.1k | $24.38 |
| − OpEx | −$27.0k | −$7.31 |
| NOI | $63.1k | $17.06 |
3,697 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$901.3K
$788.6K – $1.05M
NOI $63,089 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$830.7K
$726.9K – $969.2K
NOI $58,152 @ 7.0% cap · market cap 5.82%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
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-unit property with exposed brick, in-unit laundry, and two extra-large garages for storage or parking.
Where is this quadplex located?
The property is located at 146 Vassar Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 4‑unit property built in 1900 in Philadelphia; Each unit features exposed brick, central air, forced air, trey ceilings, and in‑unit laundry; Units include a mix of hardwood and carpeted flooring
