5-Unit Apartment
For Sale
$985,000
3627 POWELTON AVENUE, Philadelphia, PA 19104
Fully occupied multifamily property with a four-to-one mix of one- and two-bedroom apartments near Drexel University.
Property Size2,712 SF
Days on Market189
Property Features for 3627 POWELTON AVENUE
General Information
Standard status
Active
Size
2,712 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Powelton
Taxes and HOA fees
Annual Taxes
$10,754
Building Details
Building Size
2,712 SF
Year Built
1915
Listing Agency:
Realty ONE Group Focus
Listed By:
Nelson Sinanaj · License #RS361115
(267) 270-0814
Source:
Patmckennarealtors
Added: Apr 19
Changed: Oct 21
Last Checked: Oct 23 at 4:48PM
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 ONE Group Focus
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Investment Insights
Based on property information with market context.
This 5-unit apartment property at 3627 Powelton Avenue includes four one-bedroom apartments and one two-bedroom apartment. All units are currently occupied, and the property is offered in as-is condition. Built in 1915, the building provides an established multifamily configuration in Philadelphia’s University City area.
Drexel University is within a 10-minute walk, placing the property near a major local institution. The asset carries a capitalization rate of over 6% and is located at 3627 Powelton Avenue, Philadelphia, PA 19104.
Drexel University is within a 10-minute walk, placing the property near a major local institution. The asset carries a capitalization rate of over 6% and is located at 3627 Powelton Avenue, Philadelphia, PA 19104.
Key Highlights
- 5 units: four one‑bedroom apartments and one two‑bedroom apartment
- All units are fully occupied
- Within 10 minutes of walking distance from Drexel University
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,658
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,160
$853.2K
Cap Rate 7%
$609,400
$609.4K
Cap Rate 9%
$473,978
$474.0K
Market Conditions
NOI Build-Up for 2,712 SF
Gross rent
$82.3K $30.36/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$77.6K $28.60/SF
− OpEx
−$34.9K −$12.87/SF
NOI
$42.7K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,160
Cap Rate 7%
$609,400
Cap Rate 9%
$473,978
Alternative Uses
Best Use
Apartment 5plus
$609.4K
$533.2K – $711.0K
NOI $42,658 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$661.1K
$578.5K – $771.3K
NOI $46,280 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
5,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with a four-to-one mix of one- and two-bedroom apartments near Drexel University.
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 $985,000.
What are key features of this property?
This property features: 5 units: four one‑bedroom apartments and one two‑bedroom apartment; All units are fully occupied; Within 10 minutes of walking distance from Drexel University
