2019-Built Four-Unit Rental
For Sale
$995,000
2019 E Susquehanna Avenue, Philadelphia, PA 19125
Three-story four-unit building built in 2019 with one- and two-bedroom layouts and RM-1 zoning.
Property Size4,216 SF
Lot Size0.04 Acres
Price / SF$236.01
Days on Market24
Property Features for 2019 E Susquehanna Avenue
General Information
Standard status
Active
Size
4,216 SF
Lot size
0.04 Acres
Property subtype
Multi-family
Zoning
RM-1
Additional Details
Multifamily Units
4
Building Details
Year Built
2019
Stories
3
Listing Agency:
Keller Williams Main Line
(215) 617-6142
Listed By:
Sam A Akif · License #RS331003
Source:
Deepcreeklake
Added: Jul 7
Changed: Jul 25
Last Checked: Jul 28 at 11:00PM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
2019 E Susquehanna Avenue presents a three-story four-unit rental building designed by Harman Deutsch Ohler Architecture and built in 2019. The unit mix features one- and two-bedroom layouts, offering a straightforward configuration for steady in-place tenancy. The property spans approximately 4,216 square feet.
The building is located in Philadelphia’s Fishtown area, positioned about a half-block from Front St. and within a five-minute walk of Frankford Avenue, providing convenient neighborhood access.
Zoned RM-1, the site totals 19' x 86' (approximately 1,625 square feet). This is a turnkey, stabilized four-unit opportunity for investors or owner-users looking for a modern multi-family asset in a walkable retail and transit corridor.
The building is located in Philadelphia’s Fishtown area, positioned about a half-block from Front St. and within a five-minute walk of Frankford Avenue, providing convenient neighborhood access.
Zoned RM-1, the site totals 19' x 86' (approximately 1,625 square feet). This is a turnkey, stabilized four-unit opportunity for investors or owner-users looking for a modern multi-family asset in a walkable retail and transit corridor.
Key Highlights
- Four‑unit residential building built in 2019 with 3 stories and 4,216 SF total
- Unit mix includes one- and two‑bedroom layouts
- RM‑1 zoning on a 19' x 86' (1,625 SF) lot
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 | $108.8k | $25.80 |
| − Vacancy | −$6.0k | −$1.42 |
| EGI | $102.8k | $24.38 |
| − OpEx | −$30.8k | −$7.31 |
| NOI | $71.9k | $17.06 |
4,216 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$899.3K – $1.20M
NOI $71,946 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$947.4K
$829.0K – $1.11M
NOI $66,316 @ 7.0% cap · market cap 6.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,829
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
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 - Three-story four-unit building built in 2019 with one- and two-bedroom layouts and RM-1 zoning.
Where is this quadplex located?
The property is located at 2019 E Susquehanna Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four‑unit residential building built in 2019 with 3 stories and 4,216 SF total; Unit mix includes one- and two‑bedroom layouts; RM‑1 zoning on a 19' x 86' (1,625 SF) lot
