Turnkey Four-Unit Multifamily
For Sale
$1,599,000
4037 POWELTON AVENUE, Philadelphia, PA 19104
Built in 2022, the four fully leased residences each offer 3 bedrooms, 2 baths, and in-unit washer/dryer.
Property Size3,708 SF
Price / SF$431.23
Days on Market11
Property Features for 4037 POWELTON AVENUE
General Information
Standard status
Active
Size
3,708 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Multifamily Units
4
Amenities
smart entry
intercom system
in-unit washer and dryer
Building Details
Year Built
2022
Tenancy
Multi
Listing Agency:
Compass Pennsylvania, LLC
(267) 205-1369
Listed By:
Reda B Akbil · License #RS337002
(267) 205-1369
Source:
Cummingsrealtors
Added: Jul 21
Changed: Jul 26
Last Checked: Jul 30 at 6:19AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
Lotus at 4037 Powelton Avenue is a built-in-2022 four-unit multifamily property configured as four spacious residences, each with three bedrooms and two bathrooms. The units are fully leased for another year and have never been vacant. Total monthly rental income is reported at $11,132. Interiors feature modern finishes and appliances, including quartz countertops, contemporary cabinetry, stainless steel appliances, and spa-inspired bathrooms. Each residence also includes central HVAC, an in-unit washer and dryer, smart entry, an intercom system, customizable lighting, and designer finishes throughout.
The property is described as benefiting from approximately seven years remaining on Philadelphia’s FULL tax abatement. It is positioned in University City and is marketed as being minutes from the University of Pennsylvania, Drexel University, CHOP, HUP, and Penn Presbyterian Medical Center, with convenient access to Lancaster Avenue, local parks, public transportation, and Center City.
For investors seeking a turnkey offering, the current setup is presented as low-maintenance, with the ability for ownership to help support future management.
The property is described as benefiting from approximately seven years remaining on Philadelphia’s FULL tax abatement. It is positioned in University City and is marketed as being minutes from the University of Pennsylvania, Drexel University, CHOP, HUP, and Penn Presbyterian Medical Center, with convenient access to Lancaster Avenue, local parks, public transportation, and Center City.
For investors seeking a turnkey offering, the current setup is presented as low-maintenance, with the ability for ownership to help support future management.
Key Highlights
- Four‑unit multifamily built in 2022 featuring four fully leased 3 bed, 2 bath residences
- Never been vacant; generating $11,132/month in rental income with leases in place for another year
- Approximately 7 years remaining on Philadelphia’s FULL tax abatement
Financial Insights For Multifamily LT 5
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 | $95.7k | $25.80 |
| − Vacancy | −$5.3k | −$1.42 |
| EGI | $90.4k | $24.38 |
| − OpEx | −$27.1k | −$7.31 |
| NOI | $63.3k | $17.06 |
3,708 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$904.0K
$791.0K – $1.05M
NOI $63,277 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$833.2K
$729.1K – $972.1K
NOI $58,325 @ 7.0% cap · market cap 3.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,616
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?
Quadplex - Built in 2022, the four fully leased residences each offer 3 bedrooms, 2 baths, and in-unit washer/dryer.
Where is this quadplex located?
The property is located at 4037 POWELTON AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Four‑unit multifamily built in 2022 featuring four fully leased 3 bed, 2 bath residences; Never been vacant; generating $11,132/month in rental income with leases in place for another year; Approximately 7 years remaining on Philadelphia’s FULL tax abatement
