Renovated Four-Unit Multifamily
207 S 49TH STREET Philadelphia, PA 19139
207 S 49TH STREET, Philadelphia, PA, 19139
$685,000
For Sale
$685,000
Fully renovated four-unit multifamily property reconstructed in 2021 with individually metered units and in-unit laundry hookups.
Property Size2,040 SF
Price / SF$335.78
Days on Market8
Property Features for 207 S 49TH STREET
General Information
- Standard status
- Active
- Size
- 2,040 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1925
Listing agency
LPT Realty, LLC
(215) 607-3535
Listed by
Maria Maria Quattrone Quattrone · License #RS281573
(215) 607-3535
Source
Cummingsrealtors
Added: Jul 16 Updated: Jul 21 at 11:34AM Checked: Jul 23 at 5:42AM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This fully renovated four-unit multifamily property was reconstructed in 2021 and offers four units, each with 2 bedrooms and 1 full bathroom. Units feature hardwood flooring, recessed lighting, granite countertops, white cabinetry, and stainless steel appliances including a refrigerator, range, microwave, and dishwasher. Each unit is individually metered and has its own heater, hot water heater, and central air conditioning, along with in-unit laundry hookup capability. The first-floor unit provides direct access to an enclosed rear yard, and the building includes secure access with a Bluetooth intercom and electronic door entry. Major systems including plumbing, electrical, heating, and central air were newly installed during the 2021 reconstruction.
Located at 207 S 49TH STREET in Philadelphia, PA 19139, the property is described as being near shopping, dining, public transportation, and nearby parks including Black Oak and Cedar Park. A 10-year tax abatement has been applied for with the City of Philadelphia. The listing notes that buyer must verify zoning and intended use, and that Key Bank offers a $5,000 credit tied to applicable programs, with buyer-directed uses that may include closing costs or certain prepayments.
Located at 207 S 49TH STREET in Philadelphia, PA 19139, the property is described as being near shopping, dining, public transportation, and nearby parks including Black Oak and Cedar Park. A 10-year tax abatement has been applied for with the City of Philadelphia. The listing notes that buyer must verify zoning and intended use, and that Key Bank offers a $5,000 credit tied to applicable programs, with buyer-directed uses that may include closing costs or certain prepayments.
Key Highlights
- Fully renovated 4‑unit multifamily reconstructed in 2021
- All 4 units are 2‑bedroom, 1 full bath with individual electric and separate meters
- Each unit includes a heater, hot water heater, central air, and in‑unit laundry hookups
Local 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 | $52.6k | $25.80 |
| − Vacancy | −$2.9k | −$1.42 |
| EGI | $49.7k | $24.38 |
| − OpEx | −$14.9k | −$7.31 |
| NOI | $34.8k | $17.06 |
2,040 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$497.3K
$435.2K – $580.2K
NOI $34,812 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$458.4K
$401.1K – $534.8K
NOI $32,088 @ 7.0% cap · market cap 4.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully renovated four-unit multifamily property reconstructed in 2021 with individually metered units and in-unit laundry hookups.
Where is this quadplex located?
The property is located at 207 S 49TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Fully renovated 4‑unit multifamily reconstructed in 2021; All 4 units are 2‑bedroom, 1 full bath with individual electric and separate meters; Each unit includes a heater, hot water heater, central air, and in‑unit laundry hookups
