Four-Property Multifamily
New
For Sale
$1,765,000
4011 SPRING GARDEN STREET, Philadelphia, PA 19104
The Philadelphia package combines existing residential properties with a separate renovation project and proposed units.
Property Size6,918 SF
Price / SF$255.13
Days on Market5
Property Features for 4011 SPRING GARDEN STREET
General Information
Standard status
Active
Size
6,918 SF
Property subtype
Five Or More Units
Site & Location
Neighborhood
West Powelton
Additional Details
Asking Price
$1,765,000
Taxes and HOA fees
Annual Taxes
$10,198
Building Details
Building Size
6,918 SF
Year Built
1915
Buildings
4
Listing Agency:
KW Empower
Listed By:
Asa Kurland · License #RS349157
(267) 388-1114
Source:
Patmckennarealtors
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:35PM
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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Investment Insights
Based on property information with market context.
This Philadelphia multifamily package consists of four properties: 3348 Waterloo St, 4011 Spring Garden St, 6038 Locust St, and 519 Diamond St. The combined area is approximately 6,918 SF per OPA. The seller reports nine existing dwellings and four proposed units at the Diamond Street property.
City Rental records reviewed October 23, 2026, showed eight licensed units among the other three properties. No active Rental license was found for 519 Diamond St. Reported unit counts, proposed layouts, and lawful occupancy require verification. The Diamond Street property is available only as part of the package.
City Rental records reviewed October 23, 2026, showed eight licensed units among the other three properties. No active Rental license was found for 519 Diamond St. Reported unit counts, proposed layouts, and lawful occupancy require verification. The Diamond Street property is available only as part of the package.
Key Highlights
- Four Philadelphia properties included: 3348 Waterloo St, 4011 Spring Garden St, 6038 Locust St, and 519 Diamond St
- Approximately 6,918 combined SF per OPA
- Seller reports 9 existing dwellings and 4 proposed units at 519 Diamond St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,817
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,176,340
$2.2M
Cap Rate 7%
$1,554,529
$1.6M
Cap Rate 9%
$1,209,078
$1.2M
Market Conditions
NOI Build-Up for 6,918 SF
Gross rent
$210.0K $30.36/SF
− Vacancy
−$12.2K −$1.76/SF
EGI
$197.8K $28.60/SF
− OpEx
−$89.0K −$12.87/SF
NOI
$108.8K $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%
$2,176,340
Cap Rate 7%
$1,554,529
Cap Rate 9%
$1,209,078
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,817 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.69M
$1.48M – $1.97M
NOI $118,055 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,762
Businesses Nearby
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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
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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?
Multifamily property - The Philadelphia package combines existing residential properties with a separate renovation project and proposed units.
Where is this multifamily property located?
The property is located at 4011 SPRING GARDEN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,765,000.
What are key features of this property?
This property features: Four Philadelphia properties included: 3348 Waterloo St, 4011 Spring Garden St, 6038 Locust St, and 519 Diamond St; Approximately 6,918 combined SF per OPA; Seller reports 9 existing dwellings and 4 proposed units at 519 Diamond St
