University City 6-Unit
4408 Locust Street, Philadelphia, PA 19104
Located in West Philadelphia near universities and popular amenities.
Type:Multi-Family / Fee Simple
Property size:
2,475 SFPrice / SF:
$290/SF- Added:
- Apr 8, 2026
- Days on Market:
- 57
- Last Refresh:
- Apr 9 at 8:22 pm
Property Features for 4408 Locust Street
General Information
- Standard status
- Active
- Size
- 2,475 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing agent Nicole Caprario License #RS320794 (215) 387-1002
Listing office New Age Realty Group Inc (215) 387-1002
Listing date Apr 8, 2026
Source Compass
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 New Age Realty Group Inc
HighLights
- Prime location in the heart of University City.
- Located near Clark Park, University of Pennsylvania, and University of the Sciences.
- Convenient access to shops, restaurants, and everyday essentials along Walnut and Chestnut Streets.
- 6‑unit building, ideal for investment portfolio.
- Shared washer and dryer access for residents.
- Located in desirable West Philadelphia neighborhood.
Overview
Located in the heart of University City, this 6-unit building at 4408 Locust Street is situated in one of West Philadelphia’s most desirable neighborhoods. The property offers residents shared washer and dryer access within the building. Its location is near Clark Park, the University of Pennsylvania, and the University of the Sciences. Surrounded by shops, restaurants, and everyday essentials along Walnut and Chestnut Streets, this property is positioned to enjoy West Philadelphia. The property size is 2475 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 | $75.1k | $30.36 |
| − Vacancy | −$4.4k | −$1.76 |
| EGI | $70.8k | $28.60 |
| − OpEx | −$31.9k | −$12.87 |
| NOI | $38.9k | $15.73 |
2,475 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$556.2K
$486.6K – $648.9K
NOI $38,931 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$603.4K
$528.0K – $703.9K
NOI $42,236 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.211093
- Latitude
- 39.953659
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Located in West Philadelphia near universities and popular amenities.
Where is this apartment building located?
The property is located at 4408 Locust Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Prime location in the heart of University City.; Located near Clark Park, University of Pennsylvania, and University of the Sciences.; Convenient access to shops, restaurants, and everyday essentials along Walnut and Chestnut Streets.
