Five-Unit Apartment
New
For Sale
$895,000
3910 W GIRARD AVENUE, Philadelphia, PA 19104
Updated interiors and current leases across all five residential apartments support an occupied multifamily asset.
Property Size4,090 SF
Days on Market7
Property Features for 3910 W GIRARD AVENUE
General Information
Standard status
Active
Size
4,090 SF
Property subtype
Five Or More Units
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$5,327
Building Details
Building Size
4,090 SF
Year Built
1920
Listing Agency:
Keller Williams Main Line
(215) 421-3362
Listed By:
Denise A Frazier · License #AB067937
(215) 421-3362
Source:
Patmckennarealtors
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 3 at 10:58AM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
Built in 1920, this Philadelphia apartment property contains five residential units, each currently leased. The apartments feature updated interiors and modern finishes, providing a refreshed physical presentation within an established multifamily building.
The property is located at 3910 W Girard Avenue in Philadelphia, near public transportation, major roadways, shopping, dining, and neighborhood amenities. Its five-unit configuration and current occupancy offer a straightforward addition to a multifamily portfolio or a 1031 exchange strategy, as expressly identified in the property information.
The property is located at 3910 W Girard Avenue in Philadelphia, near public transportation, major roadways, shopping, dining, and neighborhood amenities. Its five-unit configuration and current occupancy offer a straightforward addition to a multifamily portfolio or a 1031 exchange strategy, as expressly identified in the property information.
Key Highlights
- Five residential apartments with all units currently leased
- Updated apartment interiors with modern finishes
- Constructed in 1920
Financial Insights For Apartment 5plus
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 | $124.2k | $30.36 |
| − Vacancy | −$7.2k | −$1.76 |
| EGI | $117.0k | $28.60 |
| − OpEx | −$52.6k | −$12.87 |
| NOI | $64.3k | $15.73 |
4,090 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$919.1K
$804.2K – $1.07M
NOI $64,334 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$997.1K
$872.4K – $1.16M
NOI $69,795 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
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?
Apartment building - Updated interiors and current leases across all five residential apartments support an occupied multifamily asset.
Where is this apartment building located?
The property is located at 3910 W GIRARD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Five residential apartments with all units currently leased; Updated apartment interiors with modern finishes; Constructed in 1920
