Four-Unit Quadplex with Heated
For Sale
$1,250,000
207 RECTOR STREET, Philadelphia, PA 19128
Quadplex with four two-bedroom, 2.5-bath units, each with a heated garage parking spot.
Property Size4,680 SF
Price / SF$267.09
Days on Market78
Property Features for 207 RECTOR STREET
General Information
Standard status
Active
Size
4,680 SF
Property subtype
Quadruplex
Building Details
Year Built
1925
Listing Agency:
Kershaw Real Estate
(215) 483-5717
Listed By:
Robert Enslin III · License #RS-192184-L
(267) 581-4266
Source:
Cummingsrealtors
Added: Jun 29
Changed: Sep 13
Last Checked: Sep 13 at 9:42AM
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 Kershaw Real Estate
Investment Insights
Based on property information with market context.
This for-sale quadplex offers four separate units. Each unit is configured as a two-bedroom, 2.5-bath layout and includes California closets and hardwood floors. Parking is provided with a dedicated spot for each unit in a ground-floor heated garage. The units also feature views as described in the property remarks.
The property is located at 207 Rector Street in Philadelphia, PA 19128. The seller reports new HVAC units were installed approximately one year ago. Showings require 48-hour advance notice.
The property is located at 207 Rector Street in Philadelphia, PA 19128. The seller reports new HVAC units were installed approximately one year ago. Showings require 48-hour advance notice.
Key Highlights
- 1925‑built quadplex with 4 separate units, each offering 2 bedrooms and 2.5 baths
- Each unit includes a parking spot in the ground‑floor heated garage
- Units feature California closets and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,864
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,597,280
$1.6M
Cap Rate 7%
$1,140,914
$1.1M
Cap Rate 9%
$887,378
$887.4K
Market Conditions
NOI Build-Up for 4,680 SF
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.
Gross rent
$120.7K $25.80/SF
− Vacancy
−$6.7K −$1.42/SF
EGI
$114.1K $24.38/SF
− OpEx
−$34.2K −$7.31/SF
NOI
$79.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,597,280
Cap Rate 7%
$1,140,914
Cap Rate 9%
$887,378
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$998.3K – $1.33M
NOI $79,864 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$1.05M
$920.2K – $1.23M
NOI $73,614 @ 7.0% cap · market cap 5.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,790
Businesses Nearby
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with four two-bedroom, 2.5-bath units, each with a heated garage parking spot.
Where is this quadplex located?
The property is located at 207 RECTOR STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1925‑built quadplex with 4 separate units, each offering 2 bedrooms and 2.5 baths; Each unit includes a parking spot in the ground‑floor heated garage; Units feature California closets and hardwood floors
