Renovated 4-Unit
For Sale
$825,000
4811 Walnut St, Philadelphia, PA 19139
Completely renovated in 2019 with central AC, modern kitchens and baths, and in-unit washer/dryer across four leased units.
Property Size3,200 SF
Price / SF$257.81
Days on Market598
Property Features for 4811 Walnut St
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Walnut Hill
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,552
Amenities
Central AC
new kitchen & baths
stainless steel appliances
garbage disposals
hardwood floors
recessed lighting
washer & dryer in each unit
private patio
high ceilings
natural light
Building Details
Year Renovated
2019
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Michael P Cohen · License #AB06637
(610) 331-7213
Source:
Exprealty
Added: Mar 5, 2025
Changed: Oct 23
Last Checked: Oct 23 at 12:16PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This fully rented 4-unit quadplex has been completely renovated in 2019 and is designed for investor or owner-occupant use. The mix includes three 2-bedroom units and one 1-bedroom unit. Renovations feature updated kitchens and baths with modern finishes, stainless-steel appliances, garbage disposals, hardwood floors, recessed lighting, and washer/dryer in each unit. Some units also include a private patio.
Located in Walnut Hill in the Northwestern section of University City, the property offers nearby SEPTA routes for access throughout the area. The commercial district is within walking distance, and it is also near Dock Street Brewery West and the University of Pennsylvania and Drexel campus.
Tenant-paid utilities include gas, water, and electricity. Tax abatement has been applied for, and all units are currently occupied, so serious buyers will need proof of funds or pre-approval before scheduling a showing.
Located in Walnut Hill in the Northwestern section of University City, the property offers nearby SEPTA routes for access throughout the area. The commercial district is within walking distance, and it is also near Dock Street Brewery West and the University of Pennsylvania and Drexel campus.
Tenant-paid utilities include gas, water, and electricity. Tax abatement has been applied for, and all units are currently occupied, so serious buyers will need proof of funds or pre-approval before scheduling a showing.
Key Highlights
- Fully rented 4‑unit building in Walnut Hill (Northwestern section of University City)
- Renovated in 2019 with high‑end finishes, modern kitchens and bathrooms, and new tile/fixtures/finishes
- Unit mix: three 2‑bedroom units and one 1‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,608
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,160
$1.1M
Cap Rate 7%
$780,114
$780.1K
Cap Rate 9%
$606,756
$606.8K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$82.6K $25.80/SF
− Vacancy
−$4.5K −$1.42/SF
EGI
$78.0K $24.38/SF
− OpEx
−$23.4K −$7.31/SF
NOI
$54.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,160
Cap Rate 7%
$780,114
Cap Rate 9%
$606,756
Alternative Uses
Best Use
Multifamily LT 5
$780.1K
$682.6K – $910.1K
NOI $54,608 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$719.1K
$629.2K – $838.9K
NOI $50,334 @ 7.0% cap · market cap 6.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,537
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Completely renovated in 2019 with central AC, modern kitchens and baths, and in-unit washer/dryer across four leased units.
Where is this quadplex located?
The property is located at 4811 Walnut St Philadelphia, PA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Fully rented 4‑unit building in Walnut Hill (Northwestern section of University City); Renovated in 2019 with high‑end finishes, modern kitchens and bathrooms, and new tile/fixtures/finishes; Unit mix: three 2‑bedroom units and one 1‑bedroom unit
