Renovated Triplex with Owner's
New
For Sale
$485,000
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 Market4
Property Features for 2025 N 4TH STREET
General Information
Standard status
Active
Size
1,592 SF
Property subtype
Triplex
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
(215) 901-2154
Listed By:
Travis D Rodgers · License #RS277583
(215) 901-2154
Source:
Patmckennarealtors
Added: Aug 1
Changed: Aug 4
Last Checked: Aug 4 at 6:30AM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
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 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 | $41.1k | $25.80 |
| − Vacancy | −$2.3k | −$1.42 |
| EGI | $38.8k | $24.38 |
| − OpEx | −$11.6k | −$7.31 |
| NOI | $27.2k | $17.06 |
1,592 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$388.1K
$339.6K – $452.8K
NOI $27,167 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$357.7K
$313.0K – $417.4K
NOI $25,041 @ 7.0% cap · market cap 5.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,412
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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 $485,000.
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
