4-Unit Quadplex with Roof
New
For Sale
$1,195,000
421921 Filbert Street, Philadelphia, PA 19104
The four residences offer a mix of two- and three-bedroom layouts, each with an equal number of bedrooms and bathrooms.
Property Size4,086 SF
Price / SF$292.46
Days on Market7
Property Features for 421921 Filbert Street
General Information
Standard status
Active
Size
4,086 SF
Property subtype
Multi-family
Lease Term
[]
Site & Location
Neighborhood
West Philadelphia
Building Details
Year Built
2020
Listing Agency:
Main Line Executive Realty
Listed By:
Kevin C. Murphy · License #RM422225
(610) 812-2390
Source:
Deepcreeklake
Added: Oct 24
Changed: Oct 28
Last Checked: Oct 28 at 8:53AM
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 4,086 square feet and provides 10 bedrooms and 10 bathrooms across a mix of two- and three-bedroom layouts. Interior features include in-unit laundry, quartz counters, stainless steel appliances, luxury vinyl flooring, high ceilings, and generous closet space. The building also has video-monitored entrances, sprinkler protection, rooftop decks, and outdoor backyard areas. A property tax abatement has four years remaining.
The property is in Philadelphia’s University City section, within walking distance of Drexel University, the University of Pennsylvania, medical facilities, 30th Street Station, and the Art Museum. Local highway access is also available. The residences are leased through the end of the 2027 school year, with a stated 6.8% cap rate and 100% occupancy.
The property is in Philadelphia’s University City section, within walking distance of Drexel University, the University of Pennsylvania, medical facilities, 30th Street Station, and the Art Museum. Local highway access is also available. The residences are leased through the end of the 2027 school year, with a stated 6.8% cap rate and 100% occupancy.
Key Highlights
- Four residential units with 10 bedrooms and 10 bathrooms across 4,086 square feet
- Bedroom mix includes two- and three‑bedroom layouts
- Built in 2020; property tax abatement has 4 years remaining
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
Location Intelligence
Trade Area within ½ mile
1,596
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
Frequently Asked Questions
What type of property is this?
Quadplex - The four residences offer a mix of two- and three-bedroom layouts, each with an equal number of bedrooms and bathrooms.
Where is this quadplex located?
The property is located at 421921 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 across 4,086 square feet; Bedroom mix includes two- and three‑bedroom layouts; Built in 2020; property tax abatement has 4 years remaining
