Newly Built
New
For Sale
$925,000
1682 N 54TH STREET, Philadelphia, PA 19131
Newly constructed 4-unit quadruplex completed in 2025 with outdoor living space including a fenced patio and roof deck.
Days on Market3
Property Features for 1682 N 54TH STREET
General Information
Standard status
Active
Property subtype
Quadruplex
Amenities
rear fenced patio area
roof deck space
Building Details
Building Size
4,672 SF
Year Built
2025
Tenancy
Multi
Listing Agency:
KW Empower
(267) 388-1114
Listed By:
Asa Kurland · License #RS349157
(267) 388-1114
Source:
Patmckennarealtors
Added: Jul 29
Changed: Jul 31
Last Checked: Jul 31 at 11:34AM
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 KW Empower
Investment Insights
Based on property information with market context.
Newly built in 2025, this quadruplex features four residential units with an efficient layout and contemporary finishes designed for easy tenant use. Across the property, units include recessed lighting, light-toned flooring, modern kitchens, stainless steel appliances, and updated cabinetry. Bathroom finishes feature tile surrounds and glass shower doors.
The unit mix includes three 2-bedroom, 1-bath units and one 2-bedroom, 2-bath unit. In total, the building offers 8 bedrooms across 4 units.
Outdoor space is available for tenants with a rear fenced patio area and roof deck space, extending usable living areas beyond the interior.
The property is located in Overbrook and offers convenient access to major West Philadelphia corridors and public transportation, along with nearby shopping, parks, schools, and commuter routes.
The unit mix includes three 2-bedroom, 1-bath units and one 2-bedroom, 2-bath unit. In total, the building offers 8 bedrooms across 4 units.
Outdoor space is available for tenants with a rear fenced patio area and roof deck space, extending usable living areas beyond the interior.
The property is located in Overbrook and offers convenient access to major West Philadelphia corridors and public transportation, along with nearby shopping, parks, schools, and commuter routes.
Key Highlights
- Newly constructed in 2025 quadruplex with 4 residential units
- Unit mix: three 2 bed / 1 bath units and one 2 bed / 2 bath unit
- 8 total bedrooms across the 4 units
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 | $120.5k | $25.80 |
| − Vacancy | −$6.6k | −$1.42 |
| EGI | $113.9k | $24.38 |
| − OpEx | −$34.2k | −$7.31 |
| NOI | $79.7k | $17.06 |
4,672 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$996.6K – $1.33M
NOI $79,727 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$1.05M
$918.6K – $1.22M
NOI $73,488 @ 7.0% cap · market cap 7.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
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 - Newly constructed 4-unit quadruplex completed in 2025 with outdoor living space including a fenced patio and roof deck.
Where is this quadplex located?
The property is located at 1682 N 54TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Newly constructed in 2025 quadruplex with 4 residential units; Unit mix: three 2 bed / 1 bath units and one 2 bed / 2 bath unit; 8 total bedrooms across the 4 units
