Industrial-Style Loft
For Sale
$399,000
444 N 4TH STREET Unit 402, Philadelphia, PA 19123
Open-plan interiors pair historic character with a remodeled kitchen, in-unit laundry, and included gated parking.
Property Size1,071 SF
Price / SF$362.73
Days on Market26
Property Features for 444 N 4TH STREET Unit 402
General Information
Standard status
Active
Size
1,071 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$4,398
Amenities
private storage unit
in-unit laundry
24-hour concierge
security
fitness center
on-site cafe
newly renovated lobby
pet-friendly
Building Details
Building Size
1,071 SF
Year Built
1900
Construction
industrial loft
Listing Agency:
Prime Real Estate Team
Listed By:
Andrea Murphy · License #RS373895
(215) 589-0217
Source:
Patmckennarealtors
Added: Oct 7
Changed: Oct 31
Last Checked: Oct 30 at 7:53PM
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 Prime Real Estate Team
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential loft condominium offers approximately 1,100 square feet of open-plan living space in a building constructed in 1900. Exposed brick, polished concrete flooring, 12-foot ceilings, and eight oversized windows shape the interior. The remodeled kitchen has custom design, ample cabinetry, modern appliances, and a large island connected to the living area. The bathroom includes two vanities, a separate shower, and a distinct toilet area. In-unit laundry, central heating and air conditioning, a private 10-by-4-foot storage unit, and a gated parking space are also included.
Building amenities include 24-hour concierge and security, elevator service, an approximately 8,000-square-foot fitness center, an on-site cafe, and a renovated lobby. The monthly condominium fee covers water, building insurance and management, common-area and exterior maintenance, snow and trash removal, parking, and fitness-center access. The building permits pets and has access to public transportation. The property is situated between Northern Liberties and Old City, with dining, cafes, nightlife, shopping, and entertainment in the surrounding area.
Building amenities include 24-hour concierge and security, elevator service, an approximately 8,000-square-foot fitness center, an on-site cafe, and a renovated lobby. The monthly condominium fee covers water, building insurance and management, common-area and exterior maintenance, snow and trash removal, parking, and fitness-center access. The building permits pets and has access to public transportation. The property is situated between Northern Liberties and Old City, with dining, cafes, nightlife, shopping, and entertainment in the surrounding area.
Key Highlights
- Approximately 1,100 square feet of open‑plan loft space
- 12‑foot ceilings, exposed brick, polished concrete floors, and eight oversized windows
- Remodeled kitchen with custom cabinetry, modern appliances, and an expansive island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,302
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,040
$346.0K
Cap Rate 7%
$247,171
$247.2K
Cap Rate 9%
$192,244
$192.2K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$33.4K $30.36/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$31.5K $28.60/SF
− OpEx
−$14.2K −$12.87/SF
NOI
$17.3K $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%
$346,040
Cap Rate 7%
$247,171
Cap Rate 9%
$192,244
Alternative Uses
Best Use
Apartment 5plus
$247.2K
$216.3K – $288.4K
NOI $17,302 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$268.2K
$234.6K – $312.9K
NOI $18,771 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Open-plan interiors pair historic character with a remodeled kitchen, in-unit laundry, and included gated parking.
Where is this residential income property located?
The property is located at 444 N 4TH STREET Unit 402 Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approximately 1,100 square feet of open‑plan loft space; 12‑foot ceilings, exposed brick, polished concrete floors, and eight oversized windows; Remodeled kitchen with custom cabinetry, modern appliances, and an expansive island
