Renovated
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 Market371
Property Features for 3654 RICHMOND Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
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
Additional Details
Tenant in Place
Yes
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
Buildings
1
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Tahzib Bacchus · License #RS330208
(267) 689-7355
Added: Oct 25, 2025
Changed: Oct 28
Last Checked: Oct 30 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property at 3654 Richmond Street contains 1,920 square feet on a 0.0263-acre lot. Built in 1920, the masonry building has undergone a renovation that included new electrical and plumbing systems, heating and air conditioning, and windows. Heating is hot water, cooling is central air, and parking is on street.
The property is near I-95 and Castor Avenue, with major transit connections, shopping, and dining in the surrounding area. It is fully occupied.
The property is near I-95 and Castor Avenue, with major transit connections, shopping, and dining in the surrounding area. It is fully occupied.
Key Highlights
- Four‑unit property with 1,920 square feet of building area
- 0.0263‑acre lot; masonry construction, built in 1920
- Renovation included new electrical, plumbing, heating, air conditioning, and windows
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 residential building has new electrical, plumbing, heating, 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 with 1,920 square feet of building area; 0.0263‑acre lot; masonry construction, built in 1920; Renovation included new electrical, plumbing, heating, air conditioning, and windows
