Fully Leased Quadplex Investment
1806 West Berks Street, Philadelphia, PA 19121
Well-maintained quadplex near Temple University, offering immediate cash flow.
Type:Multi-Family / Fee Simple
Property size:
3,759 SFPrice / SF:
$279/SF- Added:
- Mar 13, 2026
- Days on Market:
- 83
- Last Refresh:
- Mar 13 at 12:27 pm
Property Features for 1806 West Berks Street
General Information
- Standard status
- Active
- Size
- 3,759 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing agent Sadiyyah Maamoon License #785806 (609) 502-5601
Listing office RE/MAX Preferred - Sewell (609) 502-5601
Listing date Mar 13, 2026
Source Compass
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
HighLights
- Fully leased quadplex providing immediate cash flow.
- Four spacious units with modern layouts and desirable finishes.
- In‑unit laundry in all apartments.
- Unit B features a private backyard.
- Close proximity to Temple University, shopping, and public transportation.
- Appliances included: Dishwasher, Washer, Refrigerator, Microwave, Dryer, Stove.
Overview
This fully leased quadplex presents an exceptional investment opportunity. The well-maintained property features four spacious units with modern layouts, in-unit laundry, and desirable finishes. Unit A, located on the lower level, offers 3 bedrooms and 1.5 bathrooms. Unit B, on the main level, features 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. The property's location offers convenient access to shopping and public transportation. Its proximity to Temple University makes it suitable for renting to college students. All apartments are currently tenant occupied. This property is also suitable for owner occupancy while generating rental income from the other apartments. The property is located in Philadelphia County, specifically within MLS Area 19121. Transportation options include a bus stop less than 1 mile away, an airport less than 10 miles away, and a commuter rail station 1 to 5 miles away. The school district is Philadelphia City.
Local 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 6.11%
Second Best
Apartment 5plus
$844.7K
$739.1K – $985.5K
NOI $59,127 @ 7.0% cap · market cap 5.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1642787
- Latitude
- 39.9824116
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained quadplex near Temple University, offering immediate cash flow.
Where is this quadplex located?
The property is located at 1806 West Berks Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Fully leased quadplex providing immediate cash flow.; Four spacious units with modern layouts and desirable finishes.; In‑unit laundry in all apartments.
