Renovated
New
For Sale
$575,000
3654 Richmond Street, Philadelphia, PA 19134
The fully occupied property has updated electrical, plumbing, heating and air conditioning, and windows.
Property Size1,920 SF
Days on Market4
Property Features for 3654 Richmond Street
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Multi-Family
Zoning
CMX1
Occupancy
100%
Site & Location
Neighborhood
Kensington
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,502
Amenities
Electric
Yes
No
Assessor
No Pool
Public
O30
16.00 x 72.00
0.03
On Street
Stone
50040.00
Building Details
Building Size
1,920 SF
Year Built
1920
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Tahzib Bacchus · License #RS330208
(267) 689-7355
Source:
Smartwayamerica
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 1:57AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property in Philadelphia underwent a renovation that included replacement of its electrical and plumbing systems, heating and air conditioning, and windows. It is fully occupied and carries CMX1 zoning. The building dates to 1920.
I-95 and Castor Avenue are nearby, along with transit, shopping, and dining. The property may be acquired separately or as part of a three-building offering.
I-95 and Castor Avenue are nearby, along with transit, shopping, and dining. The property may be acquired separately or as part of a three-building offering.
Key Highlights
- Four‑unit property, fully occupied
- Renovation included new electrical, plumbing, heating and air conditioning, and windows
- CMX1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,765
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,300
$655.3K
Cap Rate 7%
$468,071
$468.1K
Cap Rate 9%
$364,056
$364.1K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$49.5K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$46.8K $24.38/SF
− OpEx
−$14.0K −$7.31/SF
NOI
$32.8K $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%
$655,300
Cap Rate 7%
$468,071
Cap Rate 9%
$364,056
Alternative Uses
Best Use
Multifamily LT 5
$468.1K
$409.6K – $546.1K
NOI $32,765 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$431.4K
$377.5K – $503.4K
NOI $30,201 @ 7.0% cap · market cap 5.25%
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
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The fully occupied property has updated electrical, plumbing, heating and air conditioning, and windows.
Where is this quadplex located?
The property is located at 3654 Richmond Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four‑unit property, fully occupied; Renovation included new electrical, plumbing, heating and air conditioning, and windows; CMX1 zoning
