Renovated Four-Unit
New
For Sale
$550,000
3800 N 18TH STREET, Philadelphia, PA 19140
Updated property offers modern finishes, central air and heating, and washer/dryer hookups in every unit.
Days on Market2
Property Features for 3800 N 18TH STREET
General Information
Standard status
Active
Property subtype
Quadruplex
Additional Details
Sprinkler System
Yes
Amenities
central air and heating
quartz countertops
hardwood floors
washer/dryer hookup
hard wired smoke alarms
Building Details
Building Size
2,475 SF
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
Marvin Capps Realty Inc
(267) 307-0207
Listed By:
Yasmeen N. Lockett · License #RS327676
(267) 307-0207
Source:
Mainlinekw
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 4:21PM
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 Marvin Capps Realty Inc
Investment Insights
Based on property information with market context.
Located at 3800 N 18th Street in Philadelphia, this 1940-built quadplex has been fully renovated and includes four units. Each unit offers 2 bedrooms, 1 bathroom, central air and heating, hardwood floors, ceramic tile flooring in the kitchens, and a washer/dryer hookup. Kitchen finishes include quartz countertops with glass mosaic and subway tile backsplashes, while the bathrooms feature floor-to-ceiling tile.
The fully finished basement functions as the lower-level unit. The property is equipped with a sprinkler system and hard-wired smoke alarms, adding building safety features to the renovated unit interiors.
The fully finished basement functions as the lower-level unit. The property is equipped with a sprinkler system and hard-wired smoke alarms, adding building safety features to the renovated unit interiors.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- Fully renovated property with modern unit finishes
- Central air and heating in each unit
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 | $63.9k | $25.80 |
| − Vacancy | −$3.5k | −$1.42 |
| EGI | $60.3k | $24.38 |
| − OpEx | −$18.1k | −$7.31 |
| NOI | $42.2k | $17.06 |
2,475 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$603.4K
$528.0K – $703.9K
NOI $42,236 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$556.2K
$486.6K – $648.9K
NOI $38,931 @ 7.0% cap · market cap 7.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,093
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
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 - Updated property offers modern finishes, central air and heating, and washer/dryer hookups in every unit.
Where is this quadplex located?
The property is located at 3800 N 18TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; Fully renovated property with modern unit finishes; Central air and heating in each unit
