Five-Unit Apartment
For Sale
$749,999
4381 Pechin Street, Philadelphia, PA 19128
Three-story multifamily property with four one-bedroom residences and one two-bedroom residence.
Property Size3,800 SF
Price / SF$197.37
Days on Market343
Property Features for 4381 Pechin Street
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
light value-add
Units
Unit Mix
4 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
5
Additional Details
Cap Rate
7.2%
Taxes and HOA fees
Annual Taxes
$6,598
Amenities
3
Vinyl
RSD3
Private, Driveway.
City
50.00 x 100.00
Urban.
Building Details
Year Built
1930
Buildings
1
Stories
3
Listing Agency:
(609) 399-5454
Listed By:
Keller Williams Liberty Place
(610) 606-1095
Source:
Xome
Added: Sep 27, 2025
Changed: Aug 30
Last Checked: Aug 31 at 1:49PM
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 Keller Williams Liberty Place
Investment Insights
Based on property information with market context.
This 1930-built apartment property contains five residences within a three-story structure measuring approximately 3,800 square feet. The unit mix includes four one-bedroom, one-bath apartments and one two-bedroom, one-bath apartment. Interior finishes include vinyl flooring, and the property includes a private driveway.
The building is located at 4381 Pechin Street in Philadelphia's Roxborough area, a Northwest Philadelphia submarket described as connected to the city's urban core and near amenities and parks. The property is offered as a multifamily acquisition with a stated 7.2% cap rate.
The building is located at 4381 Pechin Street in Philadelphia's Roxborough area, a Northwest Philadelphia submarket described as connected to the city's urban core and near amenities and parks. The property is offered as a multifamily acquisition with a stated 7.2% cap rate.
Key Highlights
- Five‑unit apartment building with four 1bd x 1ba units and one 2bd x 1ba unit
- Approximately 3800 SF in a 3‑storey structure
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,772
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,195,440
$1.2M
Cap Rate 7%
$853,886
$853.9K
Cap Rate 9%
$664,133
$664.1K
Market Conditions
NOI Build-Up for 3,800 SF
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.
Gross rent
$115.4K $30.36/SF
− Vacancy
−$6.7K −$1.76/SF
EGI
$108.7K $28.60/SF
− OpEx
−$48.9K −$12.87/SF
NOI
$59.8K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,195,440
Cap Rate 7%
$853,886
Cap Rate 9%
$664,133
Alternative Uses
Best Use
Apartment 5plus
$853.9K
$747.2K – $996.2K
NOI $59,772 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$926.4K
$810.6K – $1.08M
NOI $64,847 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,850
Businesses Nearby
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
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?
Apartment building - Three-story multifamily property with four one-bedroom residences and one two-bedroom residence.
Where is this apartment building located?
The property is located at 4381 Pechin Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Five‑unit apartment building with four 1bd x 1ba units and one 2bd x 1ba unit; Approximately 3800 SF in a 3‑storey structure; Built in 1930
