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 Market340
Property Features for 400-402 N 64TH ST
General Information
Standard status
Active
Size
2,036 SF
Property subtype
Quadruplex
Building Details
Year Built
1925
Listing Agency:
Gregtxrealty - Central
(713) 997-8135
Listed By:
Eric Land · License #RS363265
Source:
Kw
Added: Aug 26, 2025
Changed: Jul 6
Last Checked: Jul 31 at 11:33AM
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 Gregtxrealty - Central
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 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 | $61.8k | $30.36 |
| − Vacancy | −$3.6k | −$1.76 |
| EGI | $58.2k | $28.60 |
| − OpEx | −$26.2k | −$12.87 |
| NOI | $32.0k | $15.73 |
2,036 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,030
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
