Two-Unit Condominium
For Sale
$650,000
1727 S 4TH STREET, Philadelphia, PA 19148
Built in 2018, this duplex contains two separately deeded condominiums with 2 bedrooms and 1.5 baths each.
Property Size1,827 SF
Price / SF$355.77
Days on Market89
Property Features for 1727 S 4TH STREET
General Information
Standard status
Active
Size
1,827 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
2018
Listing Agency:
Long & Foster Real Estate, Inc.
(610) 489-2100
Listed By:
Ramonita Hernandez-Mohr · License #AB067114
(215) 833-0300
Source:
Cummingsrealtors
Added: Jun 10
Changed: Sep 5
Last Checked: Sep 6 at 7:28AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
Built in 2018, this duplex offers two separately deeded condominium units within one maintained building. Each unit features two bedrooms and 1.5 bathrooms, along with modern kitchen finishes, recessed lighting, and updated electrical, with interiors described as move-in ready.
The property is located at 1727 S 4TH STREET in Philadelphia’s Pennsport area, with access to Center City, parks, restaurants, shopping, and public transportation.
The two condominiums are separately identified by Tax ID, allowing them to be sold or financed individually while being offered together as a package.
The property is located at 1727 S 4TH STREET in Philadelphia’s Pennsport area, with access to Center City, parks, restaurants, shopping, and public transportation.
The two condominiums are separately identified by Tax ID, allowing them to be sold or financed individually while being offered together as a package.
Key Highlights
- Built in 2018 duplex with two separately deeded condominiums
- Each condominium offers 2 bedrooms and 1.5 bathrooms
- Modern kitchens with contemporary finishes, recessed lighting, and updated electrical in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,178
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$623,560
$623.6K
Cap Rate 7%
$445,400
$445.4K
Cap Rate 9%
$346,422
$346.4K
Market Conditions
NOI Build-Up for 1,827 SF
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.
Gross rent
$47.1K $25.80/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$44.5K $24.38/SF
− OpEx
−$13.4K −$7.31/SF
NOI
$31.2K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$623,560
Cap Rate 7%
$445,400
Cap Rate 9%
$346,422
Alternative Uses
Best Use
Multifamily LT 5
$445.4K
$389.7K – $519.6K
NOI $31,178 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$410.5K
$359.2K – $479.0K
NOI $28,738 @ 7.0% cap · market cap 4.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
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?
Duplex - Built in 2018, this duplex contains two separately deeded condominiums with 2 bedrooms and 1.5 baths each.
Where is this duplex located?
The property is located at 1727 S 4TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Built in 2018 duplex with two separately deeded condominiums; Each condominium offers 2 bedrooms and 1.5 bathrooms; Modern kitchens with contemporary finishes, recessed lighting, and updated electrical in both units
