West Philadelphia Quadruplex Investment
400-402 N 64TH ST Philadelphia, PA 19151
For Sale
$350,000
Legally zoned quadruplex in West Philadelphia, fully occupied, generating income.
Property Size2,036 SF
Price / SF$171.91
Days on Market339
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 29 at 12:45PM
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
Location Intelligence
Current Use
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.
