Five-Unit Apartment
4154 W GIRARD AVENUE Philadelphia, PA 19104
New
4154 W GIRARD AVENUE, Philadelphia, PA, 19104
$499,500
For Sale
$499,500
Recently updated five-unit apartment building with separate utilities per unit except water.
Property Size2,776 SF
Price / SF$179.94
Days on Market7
Property Features for 4154 W GIRARD AVENUE
General Information
- Standard status
- Active
- Size
- 2,776 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1915
Listing agency
Best City Homes Inc
(267) 977-8205
Listed by
Richard B Moore · License #RM419421
(267) 977-8205
Source
Cummingsrealtors
Added: Jul 16 Updated: Jul 20 at 3:44AM Checked: Jul 22 at 5:06AM
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
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
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 | $84.3k | $30.36 |
| − Vacancy | −$4.9k | −$1.76 |
| EGI | $79.4k | $28.60 |
| − OpEx | −$35.7k | −$12.87 |
| NOI | $43.7k | $15.73 |
2,776 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
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
