4-Unit Victorian
New
For Sale
$925,000
4819 FLORENCE AVENUE, Philadelphia, PA 19143
Separate utility service includes radiator heat, and the renovated first-floor apartment is available for occupancy.
Property Size2,580 SF
Price / SF$358.53
Days on Market7
Property Features for 4819 FLORENCE AVENUE
General Information
Standard status
Active
Size
2,580 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x 1BR
Multifamily Units
4
Additional Details
Public Transit
Yes
Building Details
Year Built
1895
Buildings
1
Construction
Victorian
Listing Agency:
Elfant Wissahickon-Rittenhouse Square
(215) 893-9920
Listed By:
Holly Mack-Ward · License #RS280577
(215) 866-0037
Source:
Cummingsrealtors
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 20 at 9:53PM
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 Elfant Wissahickon-Rittenhouse Square
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Investment Insights
Based on property information with market context.
Built in 1895, this 2,580-square-foot quadplex contains four apartments. The first-floor residence has been renovated and includes a full-floor layout, rear-yard access, basement access from inside and outside, and in-unit laundry. Two second-floor apartments each have one bedroom. The upper duplex spans the third and fourth floors and is configured for either two or three bedrooms. Separate utilities serve the apartments, including the radiator heat. Original features remain in the common areas and apartments, including a marble vestibule, curved stair details, original flooring and trim, and bay windows.
The first-floor unit is available for owner occupancy. The upper duplex is leased through 7/25/27. The property is around the corner from Baltimore Avenue and the trolley, in Cedar Park. The building is stated to comply with Philadelphia Safe Healthy Homes Act requirements effective 11/1/26.
The first-floor unit is available for owner occupancy. The upper duplex is leased through 7/25/27. The property is around the corner from Baltimore Avenue and the trolley, in Cedar Park. The building is stated to comply with Philadelphia Safe Healthy Homes Act requirements effective 11/1/26.
Key Highlights
- Four‑unit building with 2,580 square feet; built in 1895
- Renovated first‑floor apartment is available for occupancy and includes rear‑yard and basement access
- Two second‑floor one‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,949
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,980
$559.0K
Cap Rate 7%
$399,271
$399.3K
Cap Rate 9%
$310,544
$310.5K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$43.0K $16.68/SF
− Vacancy
−$3.1K −$1.20/SF
EGI
$39.9K $15.48/SF
− OpEx
−$12.0K −$4.64/SF
NOI
$27.9K $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%
$558,980
Cap Rate 7%
$399,271
Cap Rate 9%
$310,544
Alternative Uses
Best Use
Multifamily LT 5
$399.3K
$349.4K – $465.8K
NOI $27,949 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$355.1K
$310.8K – $414.3K
NOI $24,860 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$884.3K
$773.8K – $1.03M
NOI $61,900 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,076
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Separate utility service includes radiator heat, and the renovated first-floor apartment is available for occupancy.
Where is this quadplex located?
The property is located at 4819 FLORENCE AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Four‑unit building with 2,580 square feet; built in 1895; Renovated first‑floor apartment is available for occupancy and includes rear‑yard and basement access; Two second‑floor one‑bedroom apartments
