Four-Unit Multifamily
For Sale
$999,999
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 Market129
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
Listed By:
Sadiyyah Maamoon · License #785806
(856) 589-4848
Source:
Deepcreeklake
Added: Jun 11
Changed: Oct 16
Last Checked: Oct 16 at 9:30AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$64,147
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,940
$1.3M
Cap Rate 7%
$916,386
$916.4K
Cap Rate 9%
$712,744
$712.7K
Market Conditions
NOI Build-Up for 3,759 SF
Gross rent
$97.0K $25.80/SF
− Vacancy
−$5.3K −$1.42/SF
EGI
$91.6K $24.38/SF
− OpEx
−$27.5K −$7.31/SF
NOI
$64.1K $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 Rate 5%
$1,282,940
Cap Rate 7%
$916,386
Cap Rate 9%
$712,744
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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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 $999,999.
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
