4-Unit Quadplex with Private
2249 S 15TH Street, Philadelphia, PA 19145
For Sale
$499,900
Multi-Family, PHILADELPHIA, PA
Property Size2,563 SF
Lot Size0.02 Acres
Price / SF$195.04
Days on Market11
Property Features for 2249 S 15TH Street
General Information
Property type
Property subtype
Rooms
Appliances
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Alpha Realty Group
(215) 463-0777
Listed By:
Michael A Esposito Jr. · License PA RS272183
(215) 651-9657
Added: Nov 2
Changed: Nov 10
Last Checked: Nov 12 at 7:06PM
MLS# PAPH2686822
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-story masonry quadplex contains 2,563 square feet across four occupied apartments: two one-bedroom units and two two-bedroom units. Two of the apartments include private decks. Each residence has its own entrance and separate utilities. The building dates to 1920 and sits on a 0.023-acre corner parcel in Philadelphia.
A large basement has two separate entrances and can serve for storage or owner use. Utility equipment includes four gas hot-water tanks, with electrical panels located in the apartments.
A large basement has two separate entrances and can serve for storage or owner use. Utility equipment includes four gas hot-water tanks, with electrical panels located in the apartments.
Key Highlights
- Four occupied apartments: two 1‑bedroom and two 2‑bedroom units
- 2,563 square feet in a three‑story masonry building constructed in 1920
- Separate entrances and utilities for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,737
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,740
$874.7K
Cap Rate 7%
$624,814
$624.8K
Cap Rate 9%
$485,967
$486.0K
Market Conditions
NOI Build-Up for 2,563 SF
Gross rent
$66.1K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$62.5K $24.38/SF
− OpEx
−$18.7K −$7.31/SF
NOI
$43.7K $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%
$874,740
Cap Rate 7%
$624,814
Cap Rate 9%
$485,967
Alternative Uses
Best Use
Multifamily LT 5
$624.8K
$546.7K – $729.0K
NOI $43,737 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$575.9K
$503.9K – $671.9K
NOI $40,315 @ 7.0% cap · market cap 8.06%
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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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,419
Businesses Nearby
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Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Philadelphia, PA
Properties on Market for Quadplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Apartments have individual entrances and utilities, with outdoor space serving the two larger units.
Where is this quadplex located?
The property is located at 2249 S 15TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Four occupied apartments: two 1‑bedroom and two 2‑bedroom units; 2,563 square feet in a three‑story masonry building constructed in 1920; Separate entrances and utilities for each apartment
