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    96-Unit Residential Complex Title is generated by Realmo AI

    4200 Ludlow St, Philadelphia, PA 19104

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    Five-story residential complex with 96 units, built in 2018.

    Type:Multifamily
    Property size:
    111,000 SF
    Price / SF:
    $263/SF
    Added:
    Mar 12, 2026
    Days on Market:
    84
    Last Refresh:
    Mar 19 at 11:05 pm

    Property Features for 4200 Ludlow St

    General Information

    Standard status
    Active
    Size
    111,000 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2018

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    Listing Contact
    Ken Wellar
    Ken Wellar

    Listing agent Ken Wellar License #PA 10401252368

    Listing office GREA

    Listing date Mar 12, 2026

    Source Crexi

    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 GREA

    HighLights

    • Flagship property with 96 units and 211 beds, driving NOI growth.
    • Prime location on a prominent corner at 42nd & Ludlow Streets.
    • Built in 2018, offering modern construction and amenities.
    • Planned renovation to 'deluxe' status for 4x4 townhomes in August 2026.
    • Features Luxor Package System, electric car charging, and on‑site gym.
    • Enjoy a 'Smart Apartment' experience with Nest Bluetooth thermostats and high‑end architectural finishes.

    Overview

    This five-story residential complex, constructed in 2018, features 96 units and 211 beds. Positioned on a prominent corner at 42nd & Ludlow Streets, the property includes a Luxor Package System, electric car charging, and an on-site gym. It offers a "Smart Apartment" experience with Nest Bluetooth thermostats and high-end architectural finishes. The transition of its 4x4 townhomes to "deluxe" status is scheduled for August 2026 as part of the renovation plan. The property size is 111000 square feet.

    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 $3.37M $30.36
    − Vacancy −$195.5k −$1.76
    EGI $3.17M $28.60
    − OpEx −$1.43M −$12.87
    NOI $1.75M $15.73
    111,000 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $24.94M
    $21.82M – $29.10M (±1% cap)
    NOI $1,745,976 @ 7.0% cap · market cap 5.98%
    Second Best
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $27.06M
    $23.68M – $31.57M (±1% cap)
    NOI $1,894,203 @ 7.0% cap · market cap 6.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    University Realty Apartment Building PB auto Center Auto Parts Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.2067694
    Latitude
    39.9567765

    FAQs

    What type of property is this?
    Apartment building - Five-story residential complex with 96 units, built in 2018.
    Where is this apartment building located?
    The property is located at 4200 Ludlow St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $29,200,000.
    What are key features of this property?
    This property features: Flagship property with 96 units and 211 beds, driving NOI growth.; Prime location on a prominent corner at 42nd & Ludlow Streets.; Built in 2018, offering modern construction and amenities.
    More about this property
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