Renovated Quadplex with Off-Street
1540-42 ADAMS Avenue Philadelphia, PA 19124
1540-42 ADAMS Avenue, Philadelphia, PA, 19124
$375,000
For Sale
$375,000
MULTI_FAMILY - Colonial - PHILADELPHIA, PA
Property Size2,590 SF
Lot Size0.07 Acres
Price / SF$144.79
Days on Market163
Property Features for 1540-42 ADAMS Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 4
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 2,590 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3079
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1940
- Number of units
- 4
- Building materials
- Stucco, Brick
- Architectural style
- Colonial
Listing Agency
Redfin Corporation
(484) 962-0034
993 Old Eagle School Road unit: 417, Conshohocken, PA
Listed by
Brenda R Beiser · License #RS335119
(267) 796-4769
Added: Feb 5 Checked: Jul 18 at 7:06 am
MLS# PAPH2579716
Listing URL
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 completely updated quadplex was renovated inside and out, with work completed in September 2025. New doors, windows, stucco, floors, kitchens, bathrooms, electrical, and plumbing were installed throughout the property. The main building includes three units with shared access through a front door, consisting of a first-floor 2-bedroom, 1-bath layout, a second-floor 2-bedroom, 1-bath layout, and a third-floor 1-bedroom, 1-bath layout. The kitchen and living arrangements vary by unit, with multiple granite countertop kitchens and modern cabinetry finishes. The fourth unit is fully independent, with its own private entrance at the rear of the building and a 1-bedroom, 1-bath open layout designed for greater privacy.
Located in North Philadelphia at 1540-42 Adams Avenue, the property includes off-street parking for up to four cars. A basement is also present with laundry hookups, ready for the addition of washer and dryer units.
This configuration can support a tenant mix across multiple household sizes, while the separate rear entrance may appeal to occupants who prefer independent access. For buyers, the combination of complete interior renovations and updated building systems can simplify near-term maintenance planning, along with the added convenience of on-site parking and basement laundry hookups for future in-unit upgrades.
Located in North Philadelphia at 1540-42 Adams Avenue, the property includes off-street parking for up to four cars. A basement is also present with laundry hookups, ready for the addition of washer and dryer units.
This configuration can support a tenant mix across multiple household sizes, while the separate rear entrance may appeal to occupants who prefer independent access. For buyers, the combination of complete interior renovations and updated building systems can simplify near-term maintenance planning, along with the added convenience of on-site parking and basement laundry hookups for future in-unit upgrades.
Key Highlights
- Completely updated quadplex with brand‑new doors, windows, stucco, floors, kitchens, bathrooms, electrical, and plumbing completed in September 2025
- Unit mix: three units with 2 bed/1 bath plus one separate 1 bed/1 bath unit at the back with its own entrance
- Each unit features updated kitchens with granite countertops and modern finishes (including shaker cabinets in Units 2 and 3)
Local 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 | $51.3k | $19.80 |
| − Vacancy | −$3.6k | −$1.39 |
| EGI | $47.7k | $18.41 |
| − OpEx | −$14.3k | −$5.52 |
| NOI | $33.4k | $12.89 |
2,590 SF · lease $19.80/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$476.8K
$417.2K – $556.2K
NOI $33,374 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$438.7K
$383.9K – $511.8K
NOI $30,708 @ 7.0% cap · market cap 8.19%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,286 @ 7.0% cap · market cap 27.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Completely updated quadplex offering two-, two-, one-, and one-bedroom units with off-street parking and basement laundry hookups.
Where is this quadplex located?
The property is located at 1540-42 ADAMS Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Completely updated quadplex with brand‑new doors, windows, stucco, floors, kitchens, bathrooms, electrical, and plumbing completed in September 2025; Unit mix: three units with 2 bed/1 bath plus one separate 1 bed/1 bath unit at the back with its own entrance; Each unit features updated kitchens with granite countertops and modern finishes (including shaker cabinets in Units 2 and 3)
