Turnkey Quadplex with
For Sale
$999,999
1528 N MARSHALL STREET, Philadelphia, PA 19122
Fully-leased 4-unit quadplex with four 2 bed/2 bath apartments and a panoramic roofdeck.
Property Size5,000 SF
Price / SF$199
Days on Market99
Property Features for 1528 N MARSHALL STREET
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
4
Amenities
rooftop deck
Building Details
Year Built
2018
Listing Agency:
Keller Williams Liberty Place
(609) 399-5454
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Cummingsrealtors
Added: Jul 24
Changed: Oct 29
Last Checked: Oct 28 at 7:24AM
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 Liberty Place
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Investment Insights
Based on property information with market context.
1528 N Marshall Street offers a turnkey quadplex configuration with four fully-leased apartments. Each unit is a 2-bedroom, 2-bath layout featuring LVP flooring, oversized windows, and high ceilings, with updated kitchens and bathrooms. The property also includes a panoramic roofdeck with 360-degree city views.
Located in Philadelphia’s Olde Kensington submarket, the building is presented as walkable to local dining and amenities.
A 10-year tax abatement is in place through 2028, supporting a structured holding profile for an income-producing multifamily asset.
Located in Philadelphia’s Olde Kensington submarket, the building is presented as walkable to local dining and amenities.
A 10-year tax abatement is in place through 2028, supporting a structured holding profile for an income-producing multifamily asset.
Key Highlights
- 2018‑built turnkey 4‑unit quadplex with four 2 bed/2 bath apartments
- All four units are fully‑leased
- Panoramic roofdeck with 360‑degree city views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,324
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,706,480
$1.7M
Cap Rate 7%
$1,218,914
$1.2M
Cap Rate 9%
$948,044
$948.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$129.0K $25.80/SF
− Vacancy
−$7.1K −$1.42/SF
EGI
$121.9K $24.38/SF
− OpEx
−$36.6K −$7.31/SF
NOI
$85.3K $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 Rate 5%
$1,706,480
Cap Rate 7%
$1,218,914
Cap Rate 9%
$948,044
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,324 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$1.12M
$983.1K – $1.31M
NOI $78,648 @ 7.0% cap · market cap 7.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,745
Businesses Nearby
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Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
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 - Fully-leased 4-unit quadplex with four 2 bed/2 bath apartments and a panoramic roofdeck.
Where is this quadplex located?
The property is located at 1528 N MARSHALL STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 2018‑built turnkey 4‑unit quadplex with four 2 bed/2 bath apartments; All four units are fully‑leased; Panoramic roofdeck with 360‑degree city views
