Residential Income Property with Loft
New
For Sale
$370,000
444 N 4TH STREET Unit 503, Philadelphia, PA 19123
The home has two bedrooms, one bath, in-unit laundry and gated parking.
Property Size1,169 SF
Days on Market3
Property Features for 444 N 4TH STREET Unit 503
General Information
Standard status
Active
Size
1,169 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,491
Amenities
gated parking
in-unit washer/dryer
24-hour front desk
on-site maintenance
fitness center
city views
Building Details
Building Size
1,169 SF
Year Built
1907
Listing Agency:
RE/MAX Properties
Listed By:
Richard Ma · License #RS373661
(215) 507-9006
Source:
Patmckennarealtors
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:24PM
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 Properties
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Investment Insights
Based on property information with market context.
This two-bedroom, one-bath residence is in the 444 Lofts, a building constructed in 1907. Interior details include exposed concrete beams, polished concrete flooring, large warehouse-style windows, granite kitchen counters and stainless steel appliances. The unit also has closet storage and a washer and dryer. Gated parking is included.
Residents have access to a 24-hour front desk, on-site maintenance and an 8,000-square-foot fitness center. The property is between Old City and Northern Liberties, near restaurants, cafes, shopping, nightlife and public transportation. I-95 and I-676 are accessible from the area, and the residence has views of the Philadelphia skyline.
Residents have access to a 24-hour front desk, on-site maintenance and an 8,000-square-foot fitness center. The property is between Old City and Northern Liberties, near restaurants, cafes, shopping, nightlife and public transportation. I-95 and I-676 are accessible from the area, and the residence has views of the Philadelphia skyline.
Key Highlights
- Two bedrooms and one bathroom
- Gated parking included with the residence
- Building features an 8,000‑square‑foot fitness center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,388
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,760
$367.8K
Cap Rate 7%
$262,686
$262.7K
Cap Rate 9%
$204,311
$204.3K
Market Conditions
NOI Build-Up for 1,169 SF
Gross rent
$35.5K $30.36/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$33.4K $28.60/SF
− OpEx
−$15.0K −$12.87/SF
NOI
$18.4K $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%
$367,760
Cap Rate 7%
$262,686
Cap Rate 9%
$204,311
Alternative Uses
Best Use
Apartment 5plus
$262.7K
$229.9K – $306.5K
NOI $18,388 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$285.0K
$249.4K – $332.5K
NOI $19,949 @ 7.0% cap · market cap 5.39%
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
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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 - The home has two bedrooms, one bath, in-unit laundry and gated parking.
Where is this residential income property located?
The property is located at 444 N 4TH STREET Unit 503 Philadelphia, PA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom; Gated parking included with the residence; Building features an 8,000‑square‑foot fitness center
