Turnkey Quadplex with
For Sale
$1,050,000
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$210
Days on Market8
Property Features for 1528 N MARSHALL STREET
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Amenities
rooftop deck
Building Details
Year Built
2018
Listing Agency:
Keller Williams Liberty Place
(610) 606-1095
Listed By:
Ryan J McManus
(610) 606-1095
Source:
Cummingsrealtors
Added: Jul 23
Changed: Jul 27
Last Checked: Jul 30 at 6:27AM
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
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 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 | $129.0k | $25.80 |
| − Vacancy | −$7.1k | −$1.42 |
| EGI | $121.9k | $24.38 |
| − OpEx | −$36.6k | −$7.31 |
| NOI | $85.3k | $17.06 |
5,000 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,324 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$1.12M
$983.1K – $1.31M
NOI $78,648 @ 7.0% cap · market cap 7.49%
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
Location Intelligence
Trade Area within ½ mile
3,796
Businesses Nearby
Explore this area
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
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 - 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 $1,050,000.
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
