Loft-Style One-Bedroom
For Sale
$340,000
444 N 4TH STREET Unit 407, 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 Size918 SF
Days on Market111
Property Features for 444 N 4TH STREET Unit 407
General Information
Standard status
Active
Size
918 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
24-hour front desk
gated parking
fitness center
bike storage
on-site maintenance
in-unit laundry
private storage
Building Details
Building Size
918 SF
Year Built
1900
Listing Agency:
RE/MAX Select Group
(267) 628-8687
Listed By:
Alyssa Frysinger · License #RS325650
(267) 628-8687
Source:
Patmckennarealtors
Added: Apr 16
Changed: Jul 30
Last Checked: Aug 3 at 11:24AM
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 RE/MAX Select Group
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 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 | $27.9k | $30.36 |
| − Vacancy | −$1.6k | −$1.76 |
| EGI | $26.3k | $28.60 |
| − OpEx | −$11.8k | −$12.87 |
| NOI | $14.4k | $15.73 |
918 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$206.3K
$180.5K – $240.7K
NOI $14,440 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$223.8K
$195.8K – $261.1K
NOI $15,666 @ 7.0% cap · market cap 4.61%
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 - 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 407 Philadelphia, PA.
What is the asking price?
The asking price for this property is $340,000.
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
