Renovated Corner
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 Market365
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
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: Oct 8
Last Checked: Oct 24 at 7:06AM
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 masonry property occupies a corner site and contains 1,920 square feet. The building was renovated from the studs outward, with replacement electrical and plumbing systems, updated heating and air conditioning, and new windows. Central air and hot-water heat serve the property, while parking is available on the street. Built in 1920, the asset is fully occupied and configured as a quadplex.
The property is positioned near I-95, Castor Ave, major transit hubs, shopping, and dining. Its 0.0263-acre lot and corner placement provide a compact urban setting for a multifamily investment property.
The property is positioned near I-95, Castor Ave, major transit hubs, shopping, and dining. Its 0.0263-acre lot and corner placement provide a compact urban setting for a multifamily investment property.
Key Highlights
- Four‑unit masonry quadplex on a 0.0263‑acre corner lot
- 1,920 square feet; built in 1920
- Fully occupied
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
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied property with updated 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 masonry quadplex on a 0.0263‑acre corner lot; 1,920 square feet; built in 1920; Fully occupied
