Four-Bedroom Residential Income
For Sale
$435,000
4621 PINE STREET Unit G210, Philadelphia, PA 19143
Single-level condominium residence with historic detailing, flexible rooms, and access to extensive shared amenities.
Property Size2,365 SF
Days on Market9
Property Features for 4621 PINE STREET Unit G210
General Information
Standard status
Active
Size
2,365 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
The kitchen and baths present an opportunity for thoughtful updates
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,555
Amenities
gated courtyards
indoor year-round swimming pool
fitness center
library
meeting room
bike storage
Building Details
Building Size
2,365 SF
Year Built
1920
Listing Agency:
BHHS Fox & Roach-Chestnut Hill
Listed By:
Caroline Masters · License #RS320698
(215) 247-3750
Source:
Patmckennarealtors
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 15 at 11:19AM
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 BHHS Fox & Roach-Chestnut Hill
Investment Insights
Based on property information with market context.
Built in 1920, this single-level condominium residence offers four bedrooms, two full baths, and one half bath within a traditional, room-separated floor plan. Hardwood floors, detailed millwork, deep window sills, built-in shelving, French doors, a decorative fireplace mantel, and a butler’s pantry preserve the character of the home’s original era. A smaller bedroom near the kitchen can serve as an office, guest room, or studio, while the kitchen and bathrooms provide room for updates.
Garden Court includes two gated courtyards, an indoor year-round swimming pool, fitness center, library, meeting room, and bike storage. The property is near universities, restaurants, cafés, shopping, and public transportation, with a residential setting in Philadelphia’s University City area.
Garden Court includes two gated courtyards, an indoor year-round swimming pool, fitness center, library, meeting room, and bike storage. The property is near universities, restaurants, cafés, shopping, and public transportation, with a residential setting in Philadelphia’s University City area.
Key Highlights
- Four‑bedroom, two‑and‑a‑half‑bath condominium residence on one level
- Built in 1920 with hardwood floors, original millwork, French doors, and built‑in shelving
- Flexible fourth bedroom positioned near the kitchen for office, guest, or studio use
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
$22,788
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
5.24%
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%
$455,760
$455.8K
Cap Rate 7%
$325,543
$325.5K
Cap Rate 9%
$253,200
$253.2K
Market Conditions
NOI Build-Up for 2,365 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
$44.8K $18.96/SF
− Vacancy
−$3.4K −$1.44/SF
EGI
$41.4K $17.52/SF
− OpEx
−$18.6K −$7.88/SF
NOI
$22.8K $9.64/SF
Area
ZIP 19143
Vacancy
7.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
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%
$455,760
Cap Rate 7%
$325,543
Cap Rate 9%
$253,200
Alternative Uses
Best Use
Apartment 5plus
$325.5K
$284.9K – $379.8K
NOI $22,788 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$810.6K
$709.3K – $945.7K
NOI $56,742 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level condominium residence with historic detailing, flexible rooms, and access to extensive shared amenities.
Where is this residential income property located?
The property is located at 4621 PINE STREET Unit G210 Philadelphia, PA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Four‑bedroom, two‑and‑a‑half‑bath condominium residence on one level; Built in 1920 with hardwood floors, original millwork, French doors, and built‑in shelving; Flexible fourth bedroom positioned near the kitchen for office, guest, or studio use
