Fully Occupied 5-Unit Apartment
4059 BARING Street Philadelphia, PA 19104
4059 BARING Street, Philadelphia, PA, 19104
$1,999,000
For Sale
$1,999,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size7,465 SF
Lot Size0.05 Acres
Price / SF$267.78
Days on Market302
Property Features for 4059 BARING Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street, Offsite
- Standard status
- Active
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1638
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2019
- Number of units
- 1
- Building materials
- Brick, Brick Front, Vinyl Siding
Listing Agency
Keller Williams Realty - Marlton
(856) 441-6800
103 70 Route unit: D, Medford, PA
Listed by
Ashwin Rashatwar · License #1756480
(609) 509-8484
Added: Sep 18, 2025 Checked: Jul 16 at 5:06 pm
MLS# PAPH2539040
Listing URL
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.
Investment Insights
Based on property information with market context.
4059 BARING Street in Philadelphia, PA offers a fully occupied 5-unit apartment building with a total of 7,465 square feet. The property is approximately five years old and is presented fully furnished, with interior finishes including quartz counters, stainless steel appliances, white cabinetry, and bamboo hardwood floors. The building includes 15 beds, 12 full baths, and 2 half baths, and it is equipped with fire sprinklers, fire alarm monitoring, and a camera security system.
Located in University City, the property benefits from proximity to UPenn, Drexel, and the Market-Frankford Line transit. The listing also notes remaining real estate tax abatement of approximately five years. The prior use is described as Airbnb, and the building is positioned for turnkey rental operations with each unit available for individual unit picture review upon request.
Located in University City, the property benefits from proximity to UPenn, Drexel, and the Market-Frankford Line transit. The listing also notes remaining real estate tax abatement of approximately five years. The prior use is described as Airbnb, and the building is positioned for turnkey rental operations with each unit available for individual unit picture review upon request.
Key Highlights
- Fully occupied 5‑unit building totaling 7,465 sq. ft., built in 2019
- Unit mix includes 15 beds with 12 full baths and 2 half baths
- Central heating and central air for the building
Local 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 | $226.6k | $30.36 |
| − Vacancy | −$13.1k | −$1.76 |
| EGI | $213.5k | $28.60 |
| − OpEx | −$96.1k | −$12.87 |
| NOI | $117.4k | $15.73 |
7,465 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kenshō Homes at Baring ...
Vacation Rental
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FAQs
What type of property is this?
Apartment building - Five-unit, fully occupied building built about five years ago with furnished interiors and fire-safety systems.
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: Fully occupied 5‑unit building totaling 7,465 sq. ft., built in 2019; Unit mix includes 15 beds with 12 full baths and 2 half baths; Central heating and central air for the building
