Five-Unit Apartment
For Sale
$499,500
4154 W GIRARD AVENUE, Philadelphia, PA 19104
Recently updated five-unit apartment building with separate utilities per unit except water.
Property Size2,776 SF
Price / SF$179.94
Days on Market99
Property Features for 4154 W GIRARD AVENUE
General Information
Standard status
Active
Size
2,776 SF
Property subtype
Commercial
Financials
Cap Rate
14%
Business Included
Yes
Additional Details
Multifamily Units
5
Building Details
Year Built
1915
Tenancy
Multi
Listing Agency:
Best City Homes Inc
(215) 545-1144
Listed By:
Richard B Moore · License #RM419421
(267) 977-8205
Source:
Cummingsrealtors
Added: Jul 16
Changed: Oct 21
Last Checked: Oct 20 at 9:10PM
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 Best City Homes Inc
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.
This recently updated five-unit apartment building at 4154 W Girard Avenue offers a straightforward multifamily setup for investors. Each unit features separate utilities, with the exception of water.
Located in the Parkside section of West Philadelphia (ZIP Code 19104), the property is described as being a few blocks from the Philadelphia Zoo and close to Fairmount Park. Commuting is supported by nearby transit, with the Centennial Village train station about five blocks away and SEPTA 15 and 40 trolleys less than a block from the building.
The public remarks also note a current cap rate of over 7%, along with a potential cap rate of 14% if the new owner chooses Section 8 tenancy.
Located in the Parkside section of West Philadelphia (ZIP Code 19104), the property is described as being a few blocks from the Philadelphia Zoo and close to Fairmount Park. Commuting is supported by nearby transit, with the Centennial Village train station about five blocks away and SEPTA 15 and 40 trolleys less than a block from the building.
The public remarks also note a current cap rate of over 7%, along with a potential cap rate of 14% if the new owner chooses Section 8 tenancy.
Key Highlights
- Recently updated 5‑unit apartment building (Year built: 1915) in West Philadelphia (ZIP 19104)
- Each unit has separate utilities, except water
- Currently over a 7% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,665
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,300
$873.3K
Cap Rate 7%
$623,786
$623.8K
Cap Rate 9%
$485,167
$485.2K
Market Conditions
NOI Build-Up for 2,776 SF
Gross rent
$84.3K $30.36/SF
− Vacancy
−$4.9K −$1.76/SF
EGI
$79.4K $28.60/SF
− OpEx
−$35.7K −$12.87/SF
NOI
$43.7K $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%
$873,300
Cap Rate 7%
$623,786
Cap Rate 9%
$485,167
Alternative Uses
Best Use
Apartment 5plus
$623.8K
$545.8K – $727.8K
NOI $43,665 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$676.7K
$592.2K – $789.5K
NOI $47,372 @ 7.0% cap · market cap 9.48%
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
Lease Details
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
935
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 - Recently updated five-unit apartment building with separate utilities per unit except water.
Where is this apartment building located?
The property is located at 4154 W GIRARD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: Recently updated 5‑unit apartment building (Year built: 1915) in West Philadelphia (ZIP 19104); Each unit has separate utilities, except water; Currently over a 7% cap rate
