Four-Unit Property with Separate
For Sale
$465,000
1626 LINDLEY AVENUE, Philadelphia, PA 19141
Fully occupied quadplex with updated finishes and individually separated utility service.
Property Size2,102 SF
Days on Market36
Property Features for 1626 LINDLEY AVENUE
General Information
Standard status
Active
Size
2,102 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Gross Income
$51,000
Taxes and HOA fees
Annual Taxes
$4,858
Building Details
Building Size
2,102 SF
Year Built
1915
Tenancy
Multi
Listing Agency:
Prosperity Real Estate & Investment Services
(267) 266-3677
Listed By:
Hanlan Huang · License #RS360180
(267) 266-3677
Source:
Mainlinekw
Added: Jun 30
Changed: Aug 3
Last Checked: Aug 3 at 6:07AM
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 Prosperity Real Estate & Investment Services
Investment Insights
Based on property information with market context.
This four-unit residential income property, built in 1915, is fully occupied and configured for ongoing rental operations. Separate utilities and updated finishes provide clear physical features for evaluating the asset, while the four-unit layout supports multiple income streams within one property.
The property is located at 1626 Lindley Avenue in Philadelphia, Pennsylvania. Schools, shopping, public transportation, and major commuter routes are identified in the surrounding area, providing access to everyday services and transportation connections. The property may also be acquired with two additional duplexes as part of a portfolio sale.
The property is located at 1626 Lindley Avenue in Philadelphia, Pennsylvania. Schools, shopping, public transportation, and major commuter routes are identified in the surrounding area, providing access to everyday services and transportation connections. The property may also be acquired with two additional duplexes as part of a portfolio sale.
Key Highlights
- Four‑unit residential income property
- Fully occupied units
- Separate utilities for each unit
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 | $54.2k | $25.80 |
| − Vacancy | −$3.0k | −$1.42 |
| EGI | $51.2k | $24.38 |
| − OpEx | −$15.4k | −$7.31 |
| NOI | $35.9k | $17.06 |
2,102 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$512.4K
$448.4K – $597.8K
NOI $35,870 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$472.3K
$413.3K – $551.1K
NOI $33,063 @ 7.0% cap · market cap 7.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,315
Businesses Nearby
Explore this area
Business Placement
Demographics for 19141, PA
31,047
Population
16,290
Households
1.9
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
1.7 sq mi
ZIP Area
18,263
Density / Sq Mi
$42,461
Median Household Income
$34,464
Median Earnings
$1,009
Median Rent
$143,400
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 occupied quadplex with updated finishes and individually separated utility service.
Where is this quadplex located?
The property is located at 1626 LINDLEY AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Four‑unit residential income property; Fully occupied units; Separate utilities for each unit
