4408 LOCUST Street, Philadelphia, PA 19104
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- Apr 9, 2026
- Days on Market:
- 69
- Last Refresh:
- Jun 16 at 9:06 pm
Property Features for 4408 LOCUST Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,475 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9112
Utilities
- Heating system
- Other (Heating)
Building Details
- Year built
- 1925
- Number of units
- 4
- Building materials
- Masonry
Listing agent Nicole Caprario License #RS320794 (215) 387-1002
Listing office New Age Realty Group Inc 3070 Spring Garden Street, Philadelphia, PA (215) 387-1002
Listing date Apr 9, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime University City location in the highly desirable West Philadelphia neighborhood.
- Six‑unit building, an excellent investment opportunity.
- Convenient access to Clark Park, University of Pennsylvania, and University of the Sciences.
- Close proximity to popular shops, restaurants, and everyday essentials on Walnut and Chestnut Streets.
- Shared washer and dryer access for residents.
- Masonry construction.
Overview
Situated in University City in West Philadelphia, the building is positioned near Clark Park, the University of Pennsylvania, and University of the Sciences. The surrounding area includes popular shops, restaurants, and everyday essentials along Walnut and Chestnut Streets, providing convenient day-to-day access for residents.
From a tenant and operations standpoint, the in-building shared laundry access adds practicality for residents while keeping the property’s offering clear and consistent across units. For investors or owner-operators seeking a compact multifamily asset in University City, this building’s existing eight-to-six scale provides an opportunity to add a small residential property to a portfolio.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.21109
- Latitude
- 39.95367
