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    University City 6-Unit Building Title is generated by Realmo AI

    4408 Locust Street, Philadelphia, PA 19104

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    Claim this Listing
    For Sale
    $720,000

    Located in West Philadelphia near universities and popular amenities.

    Type:Multi-Family / Fee Simple
    Property size:
    2,475 SF
    Price / 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

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    Listing Contact
    Nicole Caprario

    Listing agent Nicole Caprario License #RS320794

    Listing office New Age Realty Group Inc

    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 (±1% cap)
    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 (±1% cap)
    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

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.211093
    Latitude
    39.953659

    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.
    More about this property
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