Contemporary 4-Unit
For Sale
$999,999
1806 W BERKS Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size3,759 SF
Lot Size0.04 Acres
Price / SF$266.03
Days on Market48
Property Features for 1806 W BERKS Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
Appliances
Dishwasher, Washer, Refrigerator, Microwave, Dryer, Stove
Subdivision
BREWERYTOWN
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,759 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
9710
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
in-unit laundry
Building Details
Year built
1915
Number of units
4
Building materials
Masonry
Architectural style
Contemporary
Listing Agency:
RE/MAX Preferred - Sewell · RE/MAX International
(856) 589-4848
Listed By:
Sadiyyah Maamoon · License #RS309945
(609) 502-5601
Added: Jul 31
Changed: Aug 27
Last Checked: Sep 16 at 1:06AM
MLS# PAPH2654902
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1915, this contemporary-style quadplex contains 3,759 square feet on a 0.0444-acre lot. Masonry construction, forced-air heating, central air, and in-unit laundry serve the four-unit layout. Appliance packages include dishwashers, refrigerators, microwaves, stoves, washers, and dryers, while parking is provided on the street.
The unit mix includes three bedrooms and 1.5 bathrooms in Unit A, a three-bedroom, two-bathroom Unit B with private backyard access, three bedrooms and one bathroom in Unit C, and three bedrooms with two bathrooms in Unit D. The property is located at 1806 W Berks Street in Philadelphia’s Brewerytown section, approximately a 10-minute walk from Temple University and near shopping, public transportation, Girard Avenue, Fairmount Park, and Center City.
The unit mix includes three bedrooms and 1.5 bathrooms in Unit A, a three-bedroom, two-bathroom Unit B with private backyard access, three bedrooms and one bathroom in Unit C, and three bedrooms with two bathrooms in Unit D. The property is located at 1806 W Berks Street in Philadelphia’s Brewerytown section, approximately a 10-minute walk from Temple University and near shopping, public transportation, Girard Avenue, Fairmount Park, and Center City.
Key Highlights
- Four‑unit property with 3,759 square feet of building area
- Unit mix includes four three‑bedroom apartments
- Unit B includes private backyard access
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
$64,147
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
6.41%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
4
Residential units
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Masonry property with four residential units, in-unit laundry, central air, and access to a private backyard.
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 property with 3,759 square feet of building area; Unit mix includes four three‑bedroom apartments; Unit B includes private backyard access
