5-Unit Apartment
New
For Sale
$1,999,000
4059 Baring Street, Philadelphia, PA 19104
Furnished apartments feature quartz countertops, stainless steel appliances, and bamboo hardwood flooring.
Property Size7,465 SF
Price / SF$267.78
Days on Market4
Property Features for 4059 Baring Street
General Information
Standard status
Active
Size
7,465 SF
Property subtype
Multi-family
Occupancy
100%
Lease Term
[]
Site & Location
Neighborhood
West Powelton
Public Transit
Yes
Additional Details
Furnished
Yes
Sprinkler System
Yes
Multifamily Units
5
Tenant in Place
Yes
Amenities
fire alarm monitoring
camera security system
Building Details
Year Built
2019
Buildings
1
Listing Agency:
Keller Williams Realty - Marlton
Listed By:
Ashwin Rashatwar · License #1756480
(856) 316-6253
Source:
Deepcreeklake
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 2:58PM
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 Realty - Marlton
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 2019, this 7,465-square-foot apartment building contains five units with a total of 15 beds, 12 full baths, and two half baths. The apartments are furnished and include quartz counters, stainless steel appliances, white cabinetry, and bamboo hardwood floors. Building systems include fire sprinklers, monitored fire alarms, and camera security. The property is fully occupied and has five years of real estate tax abatement remaining.
The building is near the University of Pennsylvania, Drexel University, and Market-Frankford Line transit. The property has also been used for short-term rentals and is described as suitable for family rentals.
The building is near the University of Pennsylvania, Drexel University, and Market-Frankford Line transit. The property has also been used for short-term rentals and is described as suitable for family rentals.
Key Highlights
- Five units with 15 beds, 12 full baths, and two half baths
- 7,465‑square‑foot building constructed in 2019
- Furnished units with quartz counters, stainless steel appliances, white cabinetry, and bamboo hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,421
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,348,420
$2.3M
Cap Rate 7%
$1,677,443
$1.7M
Cap Rate 9%
$1,304,678
$1.3M
Market Conditions
NOI Build-Up for 7,465 SF
Gross rent
$226.6K $30.36/SF
− Vacancy
−$13.1K −$1.76/SF
EGI
$213.5K $28.60/SF
− OpEx
−$96.1K −$12.87/SF
NOI
$117.4K $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%
$2,348,420
Cap Rate 7%
$1,677,443
Cap Rate 9%
$1,304,678
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,421 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.82M
$1.59M – $2.12M
NOI $127,389 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Yes
Sprinkler system
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
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?
Apartment building - Furnished apartments feature quartz countertops, stainless steel appliances, and bamboo hardwood flooring.
Where is this apartment building located?
The property is located at 4059 Baring Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Five units with 15 beds, 12 full baths, and two half baths; 7,465‑square‑foot building constructed in 2019; Furnished units with quartz counters, stainless steel appliances, white cabinetry, and bamboo hardwood floors
