Six-Unit Mixed-Use
New
For Sale
$1,050,000
4049 W GIRARD AVENUE, Philadelphia, PA 19104
Residential and commercial spaces are occupied, and the property benefits from a tax abatement.
Property Size5,850 SF
Days on Market7
Property Features for 4049 W GIRARD AVENUE
General Information
Standard status
Active
Size
5,850 SF
Property subtype
Five Or More Units
Occupancy
100%
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x studio, 1 x 1BR, 3 x 2BR
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$3,426
Building Details
Building Size
5,850 SF
Year Built
2023
Listing Agency:
Keller Williams Main Line
Listed By:
Denise A Frazier · License #AB067937
(215) 421-3362
Source:
Patmckennarealtors
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 16 at 3:19PM
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 Keller Williams Main Line
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this mixed-use property contains five apartments and one commercial space. The residential mix includes a studio, a one-bedroom apartment, and three two-bedroom apartments. All five residences and the commercial space are occupied, and the property has a tax abatement.
The building is on the Girard Avenue corridor in Philadelphia, with public transportation, neighborhood amenities, and major routes identified as nearby access options.
The building is on the Girard Avenue corridor in Philadelphia, with public transportation, neighborhood amenities, and major routes identified as nearby access options.
Key Highlights
- Five apartments and one commercial space
- Unit mix: one studio, one 1‑bedroom, and three 2‑bedroom apartments
- All residential and commercial spaces are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,018
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,360
$1.8M
Cap Rate 7%
$1,314,543
$1.3M
Cap Rate 9%
$1,022,422
$1.0M
Market Conditions
NOI Build-Up for 5,850 SF
Gross rent
$177.6K $30.36/SF
− Vacancy
−$10.3K −$1.76/SF
EGI
$167.3K $28.60/SF
− OpEx
−$75.3K −$12.87/SF
NOI
$92.0K $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%
$1,840,360
Cap Rate 7%
$1,314,543
Cap Rate 9%
$1,022,422
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $92,018 @ 7.0% cap · market cap 8.76%
Second Best
Mixed Use
$992.8K
$868.7K – $1.16M
NOI $69,498 @ 7.0% cap · market cap 6.62%
Theoretical Best
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,830 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
648
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
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?
Mixed-use property - Residential and commercial spaces are occupied, and the property benefits from a tax abatement.
Where is this mixed-use property located?
The property is located at 4049 W GIRARD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Five apartments and one commercial space; Unit mix: one studio, one 1‑bedroom, and three 2‑bedroom apartments; All residential and commercial spaces are occupied
