4-Unit Masonry
For Sale
$1,250,000
2537-39 MONTROSE Street, Philadelphia, PA 19146
Multi-Family, PHILADELPHIA, PA
Property Size5,200 SF
Lot Size0.03 Acres
Price / SF$240.38
Days on Market16
Property Features for 2537-39 MONTROSE Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
On Street
Subdivision
GRADUATE HOSPITAL
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
5,200 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3863
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2017
Number of units
4
Building materials
Masonry
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Joseph Siligato · License #RS316102
(267) 475-8888
Added: Oct 6
Changed: Oct 21
Last Checked: Oct 21 at 8:06PM
MLS# PAPH2677482
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 5,200-square-foot masonry quadplex was built in 2017 and sits on a 0.0347-acre parcel. The four apartments comprise two one-bedroom units, one two-bedroom unit, and one three-bedroom unit. Central heating and central air conditioning serve the property, with on-street parking available.
Located in Philadelphia’s 19146 area, the property is north of Washington Avenue. Public transportation and I-76 are accessible, and Rittenhouse Square, University City, and Schuylkill Banks are described as within walking distance. The stated gross rent multiplier is approximately 14.57x.
Located in Philadelphia’s 19146 area, the property is north of Washington Avenue. Public transportation and I-76 are accessible, and Rittenhouse Square, University City, and Schuylkill Banks are described as within walking distance. The stated gross rent multiplier is approximately 14.57x.
Key Highlights
- Four apartments: two one‑bedroom units, one two‑bedroom unit, and one three‑bedroom unit
- 5,200 square feet on a 0.0347‑acre parcel
- Built in 2017; masonry construction
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.
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2017, the property has central heating and air conditioning across its residential units.
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 apartments: two one‑bedroom units, one two‑bedroom unit, and one three‑bedroom unit; 5,200 square feet on a 0.0347‑acre parcel; Built in 2017; masonry construction
