Renovated Multifamily Building Near
For Sale
Under Contract
$1,199,999
4214 POWELTON, Philadelphia, PA 19104
MULTI_FAMILY - Loft - PHILADELPHIA, PA
Property Size5,075 SF
Lot Size0.04 Acres
Price / SF$236.45
Days on Market339
Property Features for 4214 POWELTON
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
On Street
Interior features
Bathroom - Walk-In Shower, Built-Ins, Combination Kitchen/Living, Floor Plan - Traditional, Kitchen - Gourmet, Recessed Lighting, Upgraded Countertops, Walk-in Closet(s)
Appliances
Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Washer/Dryer Stacked, WaterHeater
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 Under Contract
Size
5,075 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2094
Utilities
Cooling system
Ductless
Building Details
Year built
1915
Number of units
4
Building materials
Masonry, Brick, Vinyl Siding
Architectural style
Loft
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(610) 566-1100
Listed By:
Christopher M McGarry · License #RS276586
(610) 742-1948
Added: Aug 27, 2025
Changed: Jul 29
Last Checked: Jul 31 at 9:06PM
MLS# PAPH2530834
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.
This four-unit multifamily property in Philadelphia, PA, presents an investment opportunity in University City. The building was fully renovated in 2022/2023 and contains a total of 5,075 square feet on a 0.0363-acre lot. The property features three 2-bedroom, 2-bathroom apartments and one 3-bedroom, 2-bathroom apartment, each equipped with in-unit washer/dryer. Unit 2 has private access to a rear yard, Unit 3 includes its own balcony, and Unit 4 boasts a private roof deck with city views. The apartments feature kitchens and updated baths. The property is located near Drexel University and UPenn. The annual rent roll is $101,340, and the annual operating expenses are $9,500.
Key Highlights
- Fully renovated four‑unit building (completed 2022/2023) with modern finishes.
- Prime location in University City near Drexel University and UPenn.
- Strong income‑producing property with an annual rent roll of $101,340.
Financial Insights For Multifamily LT 5
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 | $130.9k | $25.80 |
| − Vacancy | −$7.2k | −$1.42 |
| EGI | $123.7k | $24.38 |
| − OpEx | −$37.1k | −$7.31 |
| NOI | $86.6k | $17.06 |
5,075 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,604 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$1.14M
$997.8K – $1.33M
NOI $79,827 @ 7.0% cap · market cap 6.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,039
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit building near Drexel and UPenn, fully renovated in 2022/2023.
Where is this quadplex located?
The property is located at 4214 POWELTON Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Fully renovated four‑unit building (completed 2022/2023) with modern finishes.; Prime location in University City near Drexel University and UPenn.; Strong income‑producing property with an annual rent roll of $101,340.
