Loft-Style One-Bedroom
For Sale
$450,000
444 N 4TH STREET Unit 216, Philadelphia, PA 19123
Loft-style one-bedroom with two full walls of windows, in-unit stacked laundry, and building amenities including a 24-hour front desk.
Property Size1,604 SF
Days on Market96
Property Features for 444 N 4TH STREET Unit 216
General Information
Standard status
Active
Size
1,604 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Highway Access
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,907
Amenities
24-hour front desk
gated parking
fitness center
bike storage
on-site maintenance
in-unit laundry
private storage
Building Details
Building Size
1,604 SF
Year Built
2009
Listing Agency:
Orens Brothers Real Estate Inc
Listed By:
Jonathan M Orens · License #RM052089A
(267) 767-5158
Source:
Patmckennarealtors
Added: Jul 29
Changed: Oct 31
Last Checked: Nov 1 at 11:26AM
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 Orens Brothers Real Estate Inc
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Investment Insights
Based on property information with market context.
Loft-style 1-bedroom, 1-bath condo at 444 N 4th Street, Unit 407, built in 1900. The open-concept layout features 9+ foot ceilings, rich hardwood floors, and two full walls of windows for a bright, natural-light feel. The kitchen comes equipped with sleek appliances, flecked countertops, ample cabinetry, a stainless steel refrigerator, and a wine fridge, flowing into the spacious living and dining area.
The bedroom offers large closets with custom built-ins, and the full bath includes clean, contemporary finishes. Additional interior conveniences include in-unit stacked laundry and a private storage space with built-in shelving. The pet-friendly building provides a 24-hour front desk, gated parking, a fitness center, bike storage, and on-site maintenance, with a recently renovated lobby and exterior. The location is between Northern Liberties and Old City, with easy access to I-95 and I-676.
The bedroom offers large closets with custom built-ins, and the full bath includes clean, contemporary finishes. Additional interior conveniences include in-unit stacked laundry and a private storage space with built-in shelving. The pet-friendly building provides a 24-hour front desk, gated parking, a fitness center, bike storage, and on-site maintenance, with a recently renovated lobby and exterior. The location is between Northern Liberties and Old City, with easy access to I-95 and I-676.
Key Highlights
- Loft‑style 1‑bedroom, 1‑bath condo with open‑concept layout
- 9+ foot ceilings, hardwood floors, and two full walls of windows
- Kitchen includes appliances plus a stainless steel refrigerator and wine fridge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,230
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,600
$504.6K
Cap Rate 7%
$360,429
$360.4K
Cap Rate 9%
$280,333
$280.3K
Market Conditions
NOI Build-Up for 1,604 SF
Gross rent
$48.7K $30.36/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$45.9K $28.60/SF
− OpEx
−$20.6K −$12.87/SF
NOI
$25.2K $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 Rate 5%
$504,600
Cap Rate 7%
$360,429
Cap Rate 9%
$280,333
Alternative Uses
Best Use
Apartment 5plus
$360.4K
$315.4K – $420.5K
NOI $25,230 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Loft-style one-bedroom with two full walls of windows, in-unit stacked laundry, and building amenities including a 24-hour front desk.
Where is this residential income property located?
The property is located at 444 N 4TH STREET Unit 216 Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Loft‑style 1‑bedroom, 1‑bath condo with open‑concept layout; 9+ foot ceilings, hardwood floors, and two full walls of windows; Kitchen includes appliances plus a stainless steel refrigerator and wine fridge
