Renovated Triplex with Owner's
For Sale
$415,000
2025 N 4TH STREET, Philadelphia, PA 19122
Three vacant residences combine updated interiors with flexible layouts for investors or owner-occupants.
Property Size1,592 SF
Days on Market96
Property Features for 2025 N 4TH STREET
General Information
Standard status
Active
Size
1,592 SF
Property subtype
Triplex
Site & Location
Neighborhood
Greenwich
Taxes and HOA fees
Annual Taxes
$6,597
Building Details
Building Size
1,592 SF
Year Built
1920
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Travis D Rodgers · License #RS277583
(215) 901-2154
Source:
Patmckennarealtors
Added: Aug 1
Changed: Oct 31
Last Checked: Nov 3 at 1:46PM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
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Investment Insights
Based on property information with market context.
This three-unit multifamily property was gutted to the studs and rebuilt with extensive system improvements. The first-floor residence includes one bedroom, private patio access, and a full basement for storage. An efficiency studio occupies the second floor, while the upper two levels form a bi-level one-bedroom residence with two full bathrooms. Across the building, interiors feature hardwood flooring, updated kitchen cabinetry, efficient appliances, ceramic tile bathroom floors, contemporary vanities, and stall showers.
Major upgrades include a new roof, electrical system, drywall, water heaters, appliances, sprinkler system, fire alarm system, and recessed lighting. All utilities are electric, and the units are currently vacant. The property is in Philadelphia's Norris Square area, near Norris Square Park, with access to dining, shopping, and entertainment in Fishtown and Northern Liberties, as well as Temple University and Cousin's Supermarket.
Major upgrades include a new roof, electrical system, drywall, water heaters, appliances, sprinkler system, fire alarm system, and recessed lighting. All utilities are electric, and the units are currently vacant. The property is in Philadelphia's Norris Square area, near Norris Square Park, with access to dining, shopping, and entertainment in Fishtown and Northern Liberties, as well as Temple University and Cousin's Supermarket.
Key Highlights
- Three‑unit triplex with all residences currently vacant
- Gutted to the studs and rebuilt with major system upgrades
- Unit mix includes one‑bedroom, efficiency studio, and bi‑level one‑bedroom residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,167
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,340
$543.3K
Cap Rate 7%
$388,100
$388.1K
Cap Rate 9%
$301,856
$301.9K
Market Conditions
NOI Build-Up for 1,592 SF
Gross rent
$41.1K $25.80/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$38.8K $24.38/SF
− OpEx
−$11.6K −$7.31/SF
NOI
$27.2K $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%
$543,340
Cap Rate 7%
$388,100
Cap Rate 9%
$301,856
Alternative Uses
Best Use
Multifamily LT 5
$388.1K
$339.6K – $452.8K
NOI $27,167 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$357.7K
$313.0K – $417.4K
NOI $25,041 @ 7.0% cap · market cap 6.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,112
Businesses Nearby
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Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
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?
Triplex - Three vacant residences combine updated interiors with flexible layouts for investors or owner-occupants.
Where is this triplex located?
The property is located at 2025 N 4TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Three‑unit triplex with all residences currently vacant; Gutted to the studs and rebuilt with major system upgrades; Unit mix includes one‑bedroom, efficiency studio, and bi‑level one‑bedroom residences
