4-Unit Multifamily
For Sale
$1,399,000
2537 MONTROSE STREET, Philadelphia, PA 19146
The residential mix includes one-, two-, and three-bedroom apartments, with current rental income across the four-unit property.
Property Size5,200 SF
Price / SF$269.04
Days on Market12
Property Features for 2537 MONTROSE STREET
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Quadruplex
Financials
Asking Price
$1,399,000
Gross Income
$96,000
Gross Rent Multiplier
14.57
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units
4
Building Details
Year Built
2017
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Joseph Siligato · License #RS316102
(267) 475-8888
Source:
Cummingsrealtors
Added: Oct 6
Changed: Oct 16
Last Checked: Oct 16 at 9:46AM
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.
Built in 2017, this four-unit multifamily property contains two one-bedroom apartments, one two-bedroom apartment, and one three-bedroom apartment. Interior features include upgraded appliances, premium flooring, and imported doors and windows. Energy-efficient exterior materials and building components are also present. The property is generating approximately $8,000 per month in rental income, and its gross rent multiplier is approximately 14.57x.
The property is in Philadelphia’s Graduate Hospital neighborhood, north of Washington Avenue. Public transportation and I-76 are accessible from the area. The address is 2537 Montrose Street, Philadelphia, PA 19146.
The property is in Philadelphia’s Graduate Hospital neighborhood, north of Washington Avenue. Public transportation and I-76 are accessible from the area. The address is 2537 Montrose Street, Philadelphia, PA 19146.
Key Highlights
- Four residential units: two one‑bedroom, one two‑bedroom, and one three‑bedroom
- Built in 2017
- Approximately $8,000 per month in current rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,737
Cap Rate
6.34%
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 6.34%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,793 @ 7.0% cap · market cap 5.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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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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 residential mix includes one-, two-, and three-bedroom apartments, with current rental income across the four-unit property.
Where is this quadplex located?
The property is located at 2537 MONTROSE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Four residential units: two one‑bedroom, one two‑bedroom, and one three‑bedroom; Built in 2017; Approximately $8,000 per month in current rental income
