4-Unit Residential
For Sale
$1,250,000
2537-39 Montrose Street, Philadelphia, PA 19146
The apartment mix includes one-, two-, and three-bedroom layouts with upgraded appliances and energy-efficient building materials.
Property Size5,200 SF
Days on Market14
Property Features for 2537-39 Montrose Street
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Multi-Family
Zoning
RM1
Financials
Asking Price
$1,399,000
Gross Income
$96,000
Gross Rent Multiplier
14.57
Site & Location
Neighborhood
Devils Pocket
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,863
Amenities
Full
Electric
Yes
Natural Gas
Estimated
1
No Pool
Public
W70
25.60 x 59.00
0.03
No
Assessor
On Street
Concrete Perimeter
275971.00
Building Details
Building Size
5,200 SF
Year Built
2017
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Joseph Siligato · License #RS316102
(267) 475-8888
Source:
Knot6
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 12:42PM
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 Realty Mark Associates
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Investment Insights
Based on property information with market context.
This RM1-zoned residential quadplex contains four apartments: two one-bedroom units, one two-bedroom unit, and one three-bedroom unit. Built in 2017, the property features upgraded appliances, high-end finishes, and imported doors and windows. Energy-efficient doors, windows, and exterior materials are also part of the construction.
The property is located in Philadelphia’s Graduate Hospital neighborhood, north of Washington Avenue. Rittenhouse Square, University City, and Schuylkill Banks are within walking distance, with public transportation and I-76 access also noted.
The property is located in Philadelphia’s Graduate Hospital neighborhood, north of Washington Avenue. Rittenhouse Square, University City, and Schuylkill Banks are within walking distance, with public transportation and I-76 access also noted.
Key Highlights
- Four‑unit building with two one‑bedroom, one two‑bedroom, and one three‑bedroom apartment
- Built in 2017
- RM1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,737
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,774,740
$1.8M
Cap Rate 7%
$1,267,671
$1.3M
Cap Rate 9%
$985,967
$986.0K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$134.2K $25.80/SF
− Vacancy
−$7.4K −$1.42/SF
EGI
$126.8K $24.38/SF
− OpEx
−$38.0K −$7.31/SF
NOI
$88.7K $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%
$1,774,740
Cap Rate 7%
$1,267,671
Cap Rate 9%
$985,967
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $88,737 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,793 @ 7.0% cap · market cap 6.54%
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?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The apartment mix includes one-, two-, and three-bedroom layouts with upgraded appliances and energy-efficient building materials.
Where is this quadplex located?
The property is located at 2537-39 Montrose 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: Four‑unit building with two one‑bedroom, one two‑bedroom, and one three‑bedroom apartment; Built in 2017; RM1 zoning
