Four-Unit Multifamily
New
For Sale
$1,000,000
1806 W Berks Street, Philadelphia, PA 19121
Four residential units offer in-unit laundry, varied bedroom layouts, and private outdoor space.
Property Size3,759 SF
Price / SF$266.03
Days on Market7
Property Features for 1806 W Berks Street
General Information
Standard status
Active
Size
3,759 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1915
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Preferred - Sewell
(856) 589-4848
Listed By:
Sadiyyah Maamoon · License #RS309945
Source:
Deepcreeklake
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 4 at 10:00AM
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 RE/MAX Preferred - Sewell
Investment Insights
Based on property information with market context.
Located at 1806 W. Berks Street in Philadelphia, this 3,759-square-foot quadplex was built in 1915 and contains four separate residential units. The lower-level Unit A has 3 bedrooms and 1.5 bathrooms. Unit B occupies the main level with 3 bedrooms, 2 bathrooms, and access to a private backyard. Unit C includes 3 bedrooms and 1 bathroom, while Unit D provides 3 bedrooms and 2 bathrooms. In-unit laundry is included across the property, along with updated floor plans and finished interiors.
The property is near shopping and public transportation, with Temple University approximately a 10-minute walk away. Its four-unit configuration provides a defined multifamily layout for an owner-user or rental operator.
The property is near shopping and public transportation, with Temple University approximately a 10-minute walk away. Its four-unit configuration provides a defined multifamily layout for an owner-user or rental operator.
Key Highlights
- Four‑unit quadplex with 3,759 SF of total property size
- Unit mix includes four 3‑bedroom residences
- In‑unit laundry included throughout the property
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 | $97.0k | $25.80 |
| − Vacancy | −$5.3k | −$1.42 |
| EGI | $91.6k | $24.38 |
| − OpEx | −$27.5k | −$7.31 |
| NOI | $64.1k | $17.06 |
3,759 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$916.4K
$801.8K – $1.07M
NOI $64,147 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$844.7K
$739.1K – $985.5K
NOI $59,127 @ 7.0% cap · market cap 5.91%
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
2,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
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 residential units offer in-unit laundry, varied bedroom layouts, and private outdoor space.
Where is this quadplex located?
The property is located at 1806 W Berks Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,759 SF of total property size; Unit mix includes four 3‑bedroom residences; In‑unit laundry included throughout the property
