Brick-Front
For Sale
$219,999
4611 TAMPA Street, Philadelphia, PA 19120
Multi-Family, PHILADELPHIA, PA
Property Size1,092 SF
Price / SF$201.46
Days on Market58
Property Features for 4611 TAMPA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,092 SF
Taxes and HOA fees
Tax Annual Amount
2740
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1930
Number of units
2
Building materials
Brick Front
Architectural style
Other
Listing Agency:
RE/MAX Select Group · RE/MAX International
(267) 520-3711
Listed By:
Krystal Melendez · License #RS354873
(484) 664-9035
Added: Jul 9
Changed: Sep 1
Last Checked: Sep 4 at 6:06PM
MLS# PAPH2646404
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,092-square-foot duplex at 4611 Tampa Street in Philadelphia includes two residential units and a basement. Both units are occupied by long-term tenants, providing an existing rental configuration. Brick-front construction, electric baseboard heating, and on-street parking are among the property’s defined physical features.
Built in 1930, the property is located in Philadelphia, Pennsylvania, within ZIP code 19120. Its duplex layout and current occupancy support continued use as a residential income property, with no major renovation work identified in the available property information.
Built in 1930, the property is located in Philadelphia, Pennsylvania, within ZIP code 19120. Its duplex layout and current occupancy support continued use as a residential income property, with no major renovation work identified in the available property information.
Key Highlights
- 1,092 square feet of building area
- Two units currently occupied by long‑term tenants
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,830
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$236,600
$236.6K
Cap Rate 7%
$169,000
$169.0K
Cap Rate 9%
$131,444
$131.4K
Market Conditions
NOI Build-Up for 1,092 SF
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.
Gross rent
$18.2K $16.68/SF
− Vacancy
−$1.3K −$1.20/SF
EGI
$16.9K $15.48/SF
− OpEx
−$5.1K −$4.64/SF
NOI
$11.8K $10.83/SF
Area
ZIP 19120
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$236,600
Cap Rate 7%
$169,000
Cap Rate 9%
$131,444
Alternative Uses
Best Use
Multifamily LT 5
$169.0K
$147.9K – $197.2K
NOI $11,830 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$150.3K
$131.5K – $175.4K
NOI $10,522 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$260.9K
$228.3K – $304.3K
NOI $18,260 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units, electric baseboard heat, and on-street parking support a straightforward residential income property.
Where is this duplex located?
The property is located at 4611 TAMPA Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $219,999.
What are key features of this property?
This property features: 1,092 square feet of building area; Two units currently occupied by long‑term tenants; Built in 1930
