Residential Income Property with Loft
For Sale
$419,000
444 N 4TH STREET Unit 202, Philadelphia, PA 19123
Two-bedroom unit with upgraded finishes, dedicated parking, and private storage in a full-service Philadelphia building.
Property Size1,075 SF
Days on Market27
Property Features for 444 N 4TH STREET Unit 202
General Information
Standard status
Active
Size
1,075 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,373
Amenities
24-hour front desk
fitness center with running and walking track
laundry and dry cleaning concierge
bike room
pet-friendly
in-unit washer/dryer
Building Details
Building Size
1,075 SF
Year Built
1908
Construction
warehouse conversion
Listing Agency:
Coldwell Banker Realty
(267) 259-0134
Listed By:
Brad Gellman · License #RS343688
(267) 259-0134
Source:
Patmckennarealtors
Added: Jul 9
Changed: Aug 4
Last Checked: Aug 4 at 5:36AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Unit 202 at 444 Lofts is a two-bedroom, 1.5-bath residential income property with a loft-style layout and industrial architectural details. Oversized windows, concrete-beamed ceilings, and wood flooring define the open living area, which connects to a kitchen with a 10-foot granite island. The residence includes custom California Closets in both bedrooms, a remodeled en suite bathroom completed in July 2022, an updated half bath, pocket and barn doors, remote-controlled insulated cellular shades, HVAC, a water heater, and an in-unit washer and dryer.
The property includes one gated parking space and an 8x10 secured storage space. Building amenities include a 24-hour front desk, an 8,000 sq ft fitness center with running and walking track, laundry and dry-cleaning concierge service, a bike room, and pet-friendly policies without weight restrictions. Be Well Fed cafe and Small World Seafood are located at the lobby level. The building is near Old City and Northern Liberties, with access to the Ben Franklin Bridge and I-95. Target, Sprouts Market, and Yards Brewing are a few blocks away, while Walk Score and Transit Score are 94 and 96, respectively.
The property includes one gated parking space and an 8x10 secured storage space. Building amenities include a 24-hour front desk, an 8,000 sq ft fitness center with running and walking track, laundry and dry-cleaning concierge service, a bike room, and pet-friendly policies without weight restrictions. Be Well Fed cafe and Small World Seafood are located at the lobby level. The building is near Old City and Northern Liberties, with access to the Ben Franklin Bridge and I-95. Target, Sprouts Market, and Yards Brewing are a few blocks away, while Walk Score and Transit Score are 94 and 96, respectively.
Key Highlights
- Two‑bedroom, 1.5‑bath unit at 444 Lofts
- 10‑foot granite island anchors the open kitchen and living area
- Remodeled en suite bathroom completed in July 2022
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 | $32.6k | $30.36 |
| − Vacancy | −$1.9k | −$1.76 |
| EGI | $30.7k | $28.60 |
| − OpEx | −$13.8k | −$12.87 |
| NOI | $16.9k | $15.73 |
1,075 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$241.6K
$211.4K – $281.8K
NOI $16,909 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$262.1K
$229.3K – $305.8K
NOI $18,345 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom unit with upgraded finishes, dedicated parking, and private storage in a full-service Philadelphia building.
Where is this residential income property located?
The property is located at 444 N 4TH STREET Unit 202 Philadelphia, PA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Two‑bedroom, 1.5‑bath unit at 444 Lofts; 10‑foot granite island anchors the open kitchen and living area; Remodeled en suite bathroom completed in July 2022
