West Philadelphia Quadruplex Investment
For Sale
$350,000
400-402 N 64TH ST, Philadelphia, PA 19151
Legally zoned quadruplex in West Philadelphia, fully occupied, generating income.
Property Size2,036 SF
Price / SF$171.91
Days on Market433
Property Features for 400-402 N 64TH ST
General Information
Standard status
Active
Size
2,036 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
West Philadelphia
Amenities
Baseboard - Electric
Building Details
Building Size
2,036 SF
Year Built
1925
Stories
2
Listing Agency:
KW Empower
Listed By:
Eric Land · License #RS363265
(609) 992-8248
Source:
Kw
Added: Aug 26, 2025
Changed: Oct 31
Last Checked: Oct 30 at 7:20PM
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 KW Empower
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in West Philadelphia, this legally zoned quadruplex presents an investment opportunity. The property is fully occupied and generates $3,585 per month in gross rental income, with rents currently below market value. A vacant storage unit is located at the rear of the property, which could be rented for additional income or converted into an extra bedroom. On-site laundry facilities are available in the basement. The property is certified lead safe, legally licensed, and owned by a licensed real estate agent. The building has tenant-friendly amenities. The property size is 2,036 square feet.
Key Highlights
- Legally zoned quadruplex generating $3,585/month in gross rental income.
- Certified lead safe and legally licensed.
- Opportunity to purchase adjacent lot (400 N 64th St) for parking, land‑banking, or new construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,025
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,500
$640.5K
Cap Rate 7%
$457,500
$457.5K
Cap Rate 9%
$355,833
$355.8K
Market Conditions
NOI Build-Up for 2,036 SF
Gross rent
$61.8K $30.36/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$58.2K $28.60/SF
− OpEx
−$26.2K −$12.87/SF
NOI
$32.0K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,500
Cap Rate 7%
$457,500
Cap Rate 9%
$355,833
Alternative Uses
Best Use
Multifamily LT 5
$496.3K
$434.3K – $579.1K
NOI $34,744 @ 7.0% cap · market cap 9.93%
Second Best
Apartment 5plus
$457.5K
$400.3K – $533.8K
NOI $32,025 @ 7.0% cap · market cap 9.15%
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
Location Intelligence
Trade Area within ½ mile
1,463
Businesses Nearby
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Business Placement
Demographics for 19151, PA
30,394
Population
15,084
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
12,664
Density / Sq Mi
$58,046
Median Household Income
$42,504
Median Earnings
$1,167
Median Rent
$181,200
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 - Legally zoned quadruplex in West Philadelphia, fully occupied, generating income.
Where is this quadplex located?
The property is located at 400-402 N 64TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Legally zoned quadruplex generating $3,585/month in gross rental income.; Certified lead safe and legally licensed.; Opportunity to purchase adjacent lot (400 N 64th St) for parking, land‑banking, or new construction.
