Renovated Residential Income
New
For Sale
$499,000
444 N 4TH STREET Unit 216, Philadelphia, PA 19123
Updated loft residence with industrial character, modern finishes, dedicated parking, and access to full-service condominium amenities.
Property Size1,604 SF
Price / SF$311.88
Days on Market7
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
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,306
Amenities
24-hour concierge
fitness center
newly renovated lobby
private storage bin
Building Details
Building Size
1,604 SF
Year Built
2009
Listing Agency:
Orens Brothers Real Estate Inc
(267) 767-5158
Listed By:
Jonathan M Orens · License #RM052089A
(267) 767-5158
Source:
Patmckennarealtors
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 4 at 6:36AM
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 Orens Brothers Real Estate Inc
Investment Insights
Based on property information with market context.
Unit 216 is a renovated 1,600-square-foot loft at 444 LOFTS, combining exposed concrete ceilings and Juliette balcony doors with an open, light-filled interior. The kitchen includes stainless steel appliances, new cabinetry, and granite countertops. A refreshed bathroom features a custom-tiled shower, two modern vanities, updated fixtures, contemporary hardware, and a high-efficiency toilet. The residence also includes a private storage bin and one dedicated gated parking space available with purchase.
Built in 2009, the condominium offers 24-hour concierge service, an 8,000-square-foot fitness center, and a newly renovated lobby. The property sits near the boundary of Northern Liberties and Old City, with Target, Silk City Diner, Old City art galleries, and nightlife nearby. Be Well Fed and Small World Seafood are located within the building.
Built in 2009, the condominium offers 24-hour concierge service, an 8,000-square-foot fitness center, and a newly renovated lobby. The property sits near the boundary of Northern Liberties and Old City, with Target, Silk City Diner, Old City art galleries, and nightlife nearby. Be Well Fed and Small World Seafood are located within the building.
Key Highlights
- 1,600‑square‑foot renovated loft with exposed concrete ceilings and Juliette balcony doors
- Open kitchen with stainless steel appliances, new cabinetry, and granite countertops
- Spa‑inspired bathroom with custom‑tiled shower and two modern vanities
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 | $48.6k | $30.36 |
| − Vacancy | −$2.8k | −$1.76 |
| EGI | $45.8k | $28.60 |
| − OpEx | −$20.6k | −$12.87 |
| NOI | $25.2k | $15.73 |
1,600 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$359.5K
$314.6K – $419.5K
NOI $25,167 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$390.1K
$341.3K – $455.1K
NOI $27,304 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Updated loft residence with industrial character, modern finishes, dedicated parking, and access to full-service condominium amenities.
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 $499,000.
What are key features of this property?
This property features: 1,600‑square‑foot renovated loft with exposed concrete ceilings and Juliette balcony doors; Open kitchen with stainless steel appliances, new cabinetry, and granite countertops; Spa‑inspired bathroom with custom‑tiled shower and two modern vanities
