5-Unit Furnished Apartment
New
For Sale
$1,999,000
4059 BARING Street, Philadelphia, PA 19104
Multi-Family, PHILADELPHIA, PA
Property Size7,465 SF
Lot Size0.05 Acres
Price / SF$267.78
Days on Market2
Property Features for 4059 BARING Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street, Offsite
Subdivision
UNIVERSITY CITY
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
7,465 SF
Lot size
0.05 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
2243
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
fire alarm monitoring
camera security system
Building Details
Year built
2019
Number of units
4
Building materials
Brick, Brick Front, Vinyl Siding
Buildings
1
Listing Agency:
Keller Williams Realty - Marlton
(856) 441-6800
Listed By:
Ashwin Rashatwar
(609) 509-8484
Added: Oct 23
Last Checked: Oct 24 at 6:06AM
MLS# PAPH2684018
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2019, this five-unit apartment building contains 7,465 square feet with 15 beds, 12 full baths, and two half baths. The furnished interiors include quartz counters, stainless steel appliances, white cabinetry, and bamboo hardwood flooring. Central heating and air conditioning serve the building, which also has fire sprinklers, fire alarm monitoring, and camera security. Construction includes brick, brick front, and vinyl siding.
The property is in Philadelphia’s University City and is near the University of Pennsylvania, Drexel University, and Market-Frankford Line transit. Parking is listed as on-street and offsite. Five years remain on the real estate tax abatement.
The property is in Philadelphia’s University City and is near the University of Pennsylvania, Drexel University, and Market-Frankford Line transit. Parking is listed as on-street and offsite. Five years remain on the real estate tax abatement.
Key Highlights
- Five apartments with 15 beds, 12 full baths, and 2 half baths
- 7,465 square feet; built in 2019
- Fully furnished with quartz counters, stainless steel appliances, 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.
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied residential property with monitored fire protection and camera security.
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 apartments with 15 beds, 12 full baths, and 2 half baths; 7,465 square feet; built in 2019; Fully furnished with quartz counters, stainless steel appliances, and bamboo hardwood floors
