New Quadruplex with Rear
1682 North 54th Street Philadelphia, PA 19131
For Sale
$975,000
Newly constructed 2025 quadruplex with four residential units, modern interiors, and outdoor patio and roof deck space.
Property Size4,672 SF
Price / SF$208.69
Days on Market95
Property Features for 1682 North 54th Street
General Information
- Standard status
- Active
- Size
- 4,672 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2025
Listing Agency:
KW Empower
(267) 388-1114
Listed By:
Asa Kurland · License #RS349157
(267) 388-1114
Source:
Compass
Added: Apr 20
Changed: Jul 21
Last Checked: Jul 23 at 11:08AM
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.
Welcome to a newly constructed quadruplex completed in 2025. The property contains four residential units, each with modern finishes and efficient layouts, including recessed lighting, light-toned flooring, modern kitchens with stainless steel appliances, and updated cabinetry. Bathrooms include clean, finished tile surrounds and glass shower doors. Across the building, the unit mix totals eight bedrooms.
The property also offers valuable outdoor space, including a rear fenced patio area and additional roof deck space. That combination provides tenants added functionality beyond the interior living areas.
Situated as a turnkey multifamily asset, this move-in ready setup is designed for straightforward operations with four well-presented units and consistently updated interior finishes throughout.
The property also offers valuable outdoor space, including a rear fenced patio area and additional roof deck space. That combination provides tenants added functionality beyond the interior living areas.
Situated as a turnkey multifamily asset, this move-in ready setup is designed for straightforward operations with four well-presented units and consistently updated interior finishes throughout.
Key Highlights
- Newly constructed 2025 quadruplex with 4 residential units in Overbrook (Philadelphia County).
- Unit mix: four 2‑bedroom units total 8 bedrooms—Units 1, 2, and 4 have 2 bedrooms/1 bathroom; Unit 3 has 2 bedrooms/2 bathrooms.
- Modern unit features include recessed lighting, light‑toned flooring, updated cabinetry, and stainless steel appliances.
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 8.18%
Second Best
Apartment 5plus
$1.05M
$918.6K – $1.22M
NOI $73,488 @ 7.0% cap · market cap 7.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Newly constructed 2025 quadruplex with four residential units, modern interiors, and outdoor patio and roof deck space.
Where is this quadplex located?
The property is located at 1682 North 54th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Newly constructed 2025 quadruplex with 4 residential units in Overbrook (Philadelphia County).; Unit mix: four 2‑bedroom units total 8 bedrooms—Units 1, 2, and 4 have 2 bedrooms/1 bathroom; Unit 3 has 2 bedrooms/2 bathrooms.; Modern unit features include recessed lighting, light‑toned flooring, updated cabinetry, and stainless steel appliances.
