Five-Unit Apartment
3627 Powelton Avenue Philadelphia, PA 19104
For Sale
$999,000
Five-unit rental property with four one-bedroom and one two-bedroom units, all on month-to-month leases.
Property Size2,960 SF
Price / SF$337.50
Days on Market377
Property Features for 3627 Powelton Avenue
General Information
- Standard status
- Active
- Size
- 2,960 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency:
RE/MAX Affiliates
(267) 270-0814
Listed By:
Nelson Sinanaj · License #RS361115
(267) 270-0814
Source:
Compass
Added: Jul 13, 2025
Changed: Jul 20
Last Checked: Jul 24 at 3:24PM
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 RE/MAX Affiliates
Investment Insights
Based on property information with market context.
This five-unit apartment building offers four one-bedroom units and one two-bedroom unit. The property is currently fully occupied on month-to-month leases with long-term tenants. Reported gross rental income totals $70,000 per year, and the property is described as having potential to reach at least $80,000–$90,000 per year. The property is sold as-is.
All utilities are separately metered, and tenants have access to the basement, which is used for storage and provides access to a washer and dryer. The building is located at 3627 Powelton Avenue, Philadelphia, and is described as within walking distance of Drexel University and the University of Pennsylvania.
All utilities are separately metered, and tenants have access to the basement, which is used for storage and provides access to a washer and dryer. The building is located at 3627 Powelton Avenue, Philadelphia, and is described as within walking distance of Drexel University and the University of Pennsylvania.
Key Highlights
- 5‑unit rental property built in 1915 with 4 one‑bedroom units and 1 two‑bedroom unit
- All units are currently occupied on month‑to‑month leases with long‑term tenants
- Current gross rental income totals $70,000 per year, with stated potential to reach at least $80,000–$90,000 per year
Financial Insights For Apartment 5plus
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 | $89.9k | $30.36 |
| − Vacancy | −$5.2k | −$1.76 |
| EGI | $84.7k | $28.60 |
| − OpEx | −$38.1k | −$12.87 |
| NOI | $46.6k | $15.73 |
2,960 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$665.1K
$582.0K – $776.0K
NOI $46,559 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$721.6K
$631.4K – $841.9K
NOI $50,512 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit rental property with four one-bedroom and one two-bedroom units, all on month-to-month leases.
Where is this apartment building located?
The property is located at 3627 Powelton Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 5‑unit rental property built in 1915 with 4 one‑bedroom units and 1 two‑bedroom unit; All units are currently occupied on month‑to‑month leases with long‑term tenants; Current gross rental income totals $70,000 per year, with stated potential to reach at least $80,000–$90,000 per year
