Newly Renovated Triplex with Patio
New
For Sale
$485,000
2025 N 4TH STREET, Philadelphia, PA 19122
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,592 SF
Price / SF$304.65
Days on Market2
Property Features for 2025 N 4TH STREET
General Information
Property type
Residential Multi Family
Property subtype
Townhouse
Subdivision
NORRIS SQUARE
Standard status
Active
Size
1,592 SF
Building Details
Year built
1920
Listing Agency:
BHHS Fox & Roach At the Harper Rittenhouse Square · Berkshire Hathaway HomeServices
(215) 546-0550
Listed By:
Travis Rodgers
(215) 901-2154
Added: Aug 1
Last Checked: Aug 2 at 6:06AM
MLS# PAPH2653682
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
2025 N 4th Street is a newly renovated triplex with hardwood floors throughout and three currently vacant units. Built in 1920 and measuring 1,592 SF, the first-floor one-bedroom includes private access to a large patio, plus a full basement for additional storage. The second-floor unit is an efficiency/studio. The top floors feature a bi-level one-bedroom spanning two levels with two full bathrooms, each with ceramic tile flooring, contemporary vanities, and stall showers.
The building was completely gutted to the studs and rebuilt with major system upgrades. Renovations include a new roof, electrical system, drywall, water heaters, appliances, sprinkler system, fire alarm system, and recessed lighting, providing modern infrastructure throughout. All-electric utilities support everyday functionality across the property.
Conveniently located near Norris Square Park, the address provides easy access to dining, shopping, and entertainment destinations in the surrounding area, including Fishtown and Northern Liberties, as well as Temple University and Cousin's Supermarket.
The building was completely gutted to the studs and rebuilt with major system upgrades. Renovations include a new roof, electrical system, drywall, water heaters, appliances, sprinkler system, fire alarm system, and recessed lighting, providing modern infrastructure throughout. All-electric utilities support everyday functionality across the property.
Conveniently located near Norris Square Park, the address provides easy access to dining, shopping, and entertainment destinations in the surrounding area, including Fishtown and Northern Liberties, as well as Temple University and Cousin's Supermarket.
Key Highlights
- Newly renovated triplex gutted to the studs and rebuilt with major system upgrades
- All three units currently vacant, including a first‑floor one‑bedroom with private patio access
- Top‑floor bi‑level one‑bedroom spans two levels with two full bathrooms
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
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Sprinkler system
Yes
Utilities to site
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 - Renovated triplex with hardwood floors, all-electric utilities, and all three units currently vacant.
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: Newly renovated triplex gutted to the studs and rebuilt with major system upgrades; All three units currently vacant, including a first‑floor one‑bedroom with private patio access; Top‑floor bi‑level one‑bedroom spans two levels with two full bathrooms
