4-Unit Quadplex with Rooftop
New
For Sale
$1,195,000
4219 FILBERT STREET, Philadelphia, PA 19104
The residential units include in-unit laundry, outdoor areas, and a mix of two- and three-bedroom layouts.
Property Size4,086 SF
Days on Market5
Property Features for 4219 FILBERT STREET
General Information
Standard status
Active
Size
4,086 SF
Property subtype
Quadruplex
Occupancy
100%
Financials
Cap Rate
6.8%
Gross Income
$98,400
Site & Location
Neighborhood
West Powelton
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Sprinkler System
Yes
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,729
Amenities
in-unit laundry
video surveillance entrances
rooftop deck
outdoor backyards
Building Details
Building Size
4,086 SF
Year Built
2020
Buildings
1
Listing Agency:
Main Line Executive Realty
Listed By:
Kevin C. Murphy · License #RM422225
(610) 658-2920
Source:
Patmckennarealtors
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 4:13PM
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 Main Line Executive Realty
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Investment Insights
Based on property information with market context.
Built in 2020, this four-unit quadplex contains 10 bedrooms and 10 bathrooms, with a mix of two- and three-bedroom apartments. Interior features include high ceilings, large closets, luxury vinyl flooring, quartz countertops, and stainless steel appliances. Each unit has in-unit laundry. Rooftop decks and outdoor backyards add shared and private exterior space, while video-monitored entrances and sprinkler systems are also in place. The property has a 6.8% cap rate and is leased through the end of the 2027 school year. A property tax abatement has four years remaining.
The building is in Philadelphia’s University City area, within walking distance of universities, medical facilities, 30th Street Station, and the Art Museum. Local highways are also accessible. More than 33 million square feet of lab, residential, institutional, office, and public space is in the development pipeline at uCity Square, Schuylkill Yards, and other district projects.
The building is in Philadelphia’s University City area, within walking distance of universities, medical facilities, 30th Street Station, and the Art Museum. Local highways are also accessible. More than 33 million square feet of lab, residential, institutional, office, and public space is in the development pipeline at uCity Square, Schuylkill Yards, and other district projects.
Key Highlights
- Four residential units with 10 bedrooms and 10 bathrooms
- Mix of 2- and 3‑bedroom units
- 6.8% cap rate; leased through the end of the school year 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,727
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,394,540
$1.4M
Cap Rate 7%
$996,100
$996.1K
Cap Rate 9%
$774,744
$774.7K
Market Conditions
NOI Build-Up for 4,086 SF
Gross rent
$105.4K $25.80/SF
− Vacancy
−$5.8K −$1.42/SF
EGI
$99.6K $24.38/SF
− OpEx
−$29.9K −$7.31/SF
NOI
$69.7K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,394,540
Cap Rate 7%
$996,100
Cap Rate 9%
$774,744
Alternative Uses
Best Use
Multifamily LT 5
$996.1K
$871.6K – $1.16M
NOI $69,727 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$918.2K
$803.4K – $1.07M
NOI $64,271 @ 7.0% cap · market cap 5.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The residential units include in-unit laundry, outdoor areas, and a mix of two- and three-bedroom layouts.
Where is this quadplex located?
The property is located at 4219 FILBERT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Four residential units with 10 bedrooms and 10 bathrooms; Mix of 2- and 3‑bedroom units; 6.8% cap rate; leased through the end of the school year 2027
