Renovated Corner Quadruplex Investment
For Sale
$575,000
3654 RICHMOND Street, Philadelphia, PA 19134
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,920 SF
Lot Size0.03 Acres
Price / SF$299.48
Days on Market280
Property Features for 3654 RICHMOND Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,920 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3502
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1920
Number of units
1
Building materials
Masonry
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Tahzib Bacchus · License #RS330208
(267) 689-7355
Added: Oct 25, 2025
Changed: Jun 9
Last Checked: Jul 31 at 6:06PM
MLS# PAPH2552490
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.
Investment Insights
Based on property information with market context.
This fully renovated corner quadruplex is available as a standalone investment or as part of a three-building package. The property has been renovated from the studs up, featuring new electrical, plumbing, heating, air conditioning, and windows. It is fully occupied, providing immediate cash flow. The property is located near I-95, Castor Ave, and major transit hubs, with shopping and dining options nearby. The property is offered alongside 3656 Richmond St and 2757 Pickwick St. Acquiring all three properties allows control of a significant portion of this high-visibility corridor. The City of Philadelphia's Complete Streets initiative is set to revitalize the local infrastructure. The property size is 1920 square feet and the lot size is 0.0263 acres.
Key Highlights
- Fully renovated from the studs up with all‑new electrical, plumbing, HVAC, and windows.
- Turnkey corner quadruplex providing immediate cash flow and 'buy and hold' security with full occupancy.
- Strategic multi‑asset portfolio opportunity, offered as part of a 3‑building investment package.
Financial Insights For Multifamily LT 5
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 | $49.5k | $25.80 |
| − Vacancy | −$2.7k | −$1.42 |
| EGI | $46.8k | $24.38 |
| − OpEx | −$14.0k | −$7.31 |
| NOI | $32.8k | $17.06 |
1,920 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey quadruplex near I-95, offering immediate cash flow.
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: Fully renovated from the studs up with all‑new electrical, plumbing, HVAC, and windows.; Turnkey corner quadruplex providing immediate cash flow and 'buy and hold' security with full occupancy.; Strategic multi‑asset portfolio opportunity, offered as part of a 3‑building investment package.
