Four-Unit Multifamily with
For Sale
$234,900
1550 RUAN Street, Philadelphia, PA 19124
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,053 SF
Lot Size0.07 Acres
Price / SF$114.42
Days on Market51
Property Features for 1550 RUAN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Subdivision
FRANKFORD
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,053 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3016
Utilities
Heating system
Baseboard, Hot Water(Heating)
Building Details
Year built
1940
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
RE/MAX Access · RE/MAX International
(215) 400-2600
Listed By:
Steven Osiecki · License #RM420757
(215) 400-2617
Added: Jun 22
Last Checked: Aug 11 at 5:06PM
MLS# PAPH2639768
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 for-sale four-unit multifamily property includes a garage and four residential units within one building. Two units are currently paying $1,100 each, while the other two units are vacant. The garage is rented for $250. Utilities are not separately metered; tenants pay a portion of oil, water, and electricity.
The property is located in Frankford at 1550 Ruan Street in Philadelphia, Pennsylvania (19124). The listing notes the building is zoned for 3 units, although it contains 4 units.
For buyers and operators evaluating small residential income opportunities, this setup offers a combination of in-place rental income from two occupied units and vacant-unit upside through lease-up of the two non-occupied apartments. The additional garage rental can contribute to total collected revenue, and the shared utilities arrangement should be considered when underwriting and setting tenant billing practices.
The property is located in Frankford at 1550 Ruan Street in Philadelphia, Pennsylvania (19124). The listing notes the building is zoned for 3 units, although it contains 4 units.
For buyers and operators evaluating small residential income opportunities, this setup offers a combination of in-place rental income from two occupied units and vacant-unit upside through lease-up of the two non-occupied apartments. The additional garage rental can contribute to total collected revenue, and the shared utilities arrangement should be considered when underwriting and setting tenant billing practices.
Key Highlights
- 4‑unit building in Frankford (zoned for 3) with a garage and basement
- Current income: 2 units paying $1,100 each; garage rented for $250
- 2 additional units are vacant
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,762
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
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 - Four-unit building includes a garage and mixed occupancy, with utilities handled via tenant pro-rations.
Where is this quadplex located?
The property is located at 1550 RUAN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: 4‑unit building in Frankford (zoned for 3) with a garage and basement; Current income: 2 units paying $1,100 each; garage rented for $250; 2 additional units are vacant
