Four-Unit Victorian
New
For Sale
$649,000
4818 TRINITY PL, Philadelphia, PA 19143
Updated apartments include a distinctive owner’s residence with one bedroom and two bathrooms.
Property Size2,535 SF
Price / SF$256.02
Days on Market4
Property Features for 4818 TRINITY PL
General Information
Standard status
Active
Size
2,535 SF
Net Rentable
2,535 SF
Property subtype
Multi-family
Additional Details
Gross Income
$38,100
Public Transit
Yes
Multifamily Units
4
Building Details
Year Built
1889
Construction
Victorian
Listing Agency:
Keller Williams Liberty Place
(609) 399-5454
Listed By:
Michael Dean Outten
(267) 777-1523
Source:
Imanirealtors
Added: Oct 7
Last Checked: Oct 9 at 8:20PM
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 Keller Williams Liberty Place
Investment Insights
Based on property information with market context.
This Victorian quadplex contains four rental units and approximately 2,535 rentable square feet. The building dates to 1889; each apartment was remodeled within the past five years, and the HVAC equipment and water heater were replaced within the past three years. One residence is configured with one bedroom and two bathrooms and is currently owner-occupied.
The property is in West Philadelphia, near Baltimore Avenue and Clark Park. Trolley service on Routes 34 and 13 is nearby, and Center City is roughly three miles away. University City hospitals, the University of Pennsylvania, Drexel University, and St. Joseph’s are also within walking distance.
The property is in West Philadelphia, near Baltimore Avenue and Clark Park. Trolley service on Routes 34 and 13 is nearby, and Center City is roughly three miles away. University City hospitals, the University of Pennsylvania, Drexel University, and St. Joseph’s are also within walking distance.
Key Highlights
- Four rental units totaling approximately 2,535 rentable SF
- Victorian building constructed in 1889
- All four units remodeled within the last five years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,462
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,240
$549.2K
Cap Rate 7%
$392,314
$392.3K
Cap Rate 9%
$305,133
$305.1K
Market Conditions
NOI Build-Up for 2,535 SF
Gross rent
$42.3K $16.68/SF
− Vacancy
−$3.1K −$1.20/SF
EGI
$39.2K $15.48/SF
− OpEx
−$11.8K −$4.64/SF
NOI
$27.5K $10.83/SF
Area
ZIP 19143
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 Rate 5%
$549,240
Cap Rate 7%
$392,314
Cap Rate 9%
$305,133
Alternative Uses
Best Use
Multifamily LT 5
$392.3K
$343.3K – $457.7K
NOI $27,462 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$348.9K
$305.3K – $407.1K
NOI $24,426 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$868.9K
$760.3K – $1.01M
NOI $60,821 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,953
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated apartments include a distinctive owner’s residence with one bedroom and two bathrooms.
Where is this quadplex located?
The property is located at 4818 TRINITY PL Philadelphia, PA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Four rental units totaling approximately 2,535 rentable SF; Victorian building constructed in 1889; All four units remodeled within the last five years
