Former Assisted Living Facility with
New
For Sale
$600,000
4820 PENN STREET, Philadelphia, PA 19124
RM-4 zoning permits a range of multifamily housing configurations by right.
Property Size3,362 SF
Lot Size0.28 Acres
Days on Market4
Property Features for 4820 PENN STREET
General Information
Standard status
Active
Size
3,362 SF
Total Parking Spaces
8
Lot size
0.28 Acres
Property subtype
Special Purpose
Zoning
RM-4
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$3,119
Amenities
elevator
fire detection system
Building Details
Building Size
3,362 SF
Year Built
1940
Construction
brick
Listing Agency:
Quality Real Estate-Broad St
Listed By:
Tobias Lee Biddle · License #RM423970
(215) 457-2600
Source:
Patmckennarealtors
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 1:51AM
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 Quality Real Estate-Broad St
Investment Insights
Based on property information with market context.
Built in 1940, this brick property has 11 bedrooms, 4 full bathrooms and 2 kitchens. Building features include an elevator, sprinkler and fire detection systems, ceramic tile throughout, and a finished basement. The 0.28-acre parcel runs between Penn Street and Oxford Avenue, with front and rear yards, a shed, and a paved driveway with parking for up to 8 vehicles. An asphalt shingle roof is also in place.
The property is in Philadelphia’s Frankford neighborhood. An airport is less than 10 miles away, and a commuter rail station is within a short drive. RM-4 zoning allows multifamily housing scenarios by right.
The property is in Philadelphia’s Frankford neighborhood. An airport is less than 10 miles away, and a commuter rail station is within a short drive. RM-4 zoning allows multifamily housing scenarios by right.
Key Highlights
- RM‑4 zoning allows multifamily housing scenarios by right
- 11 bedrooms, 4 full bathrooms and 2 kitchens
- 0.28‑acre parcel extending from Penn Street to Oxford Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,862
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,240
$797.2K
Cap Rate 7%
$569,457
$569.5K
Cap Rate 9%
$442,911
$442.9K
Market Conditions
NOI Build-Up for 3,362 SF
Gross rent
$78.3K $23.28/SF
− Vacancy
−$5.8K −$1.72/SF
EGI
$72.5K $21.56/SF
− OpEx
−$32.6K −$9.70/SF
NOI
$39.9K $11.86/SF
Area
ZIP 19124
Vacancy
7.40%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,240
Cap Rate 7%
$569,457
Cap Rate 9%
$442,911
Alternative Uses
Best Use
Apartment 5plus
$569.5K
$498.3K – $664.4K
NOI $39,862 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.93M
$1.69M – $2.26M
NOI $135,370 @ 7.0% cap · market cap 22.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
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Similar Off Market Nearby
- Meadow House — 4649 Paul St, Philadelphia, PA 19124
- Sweet Haven Assisted Living — 4827 Oxford Ave, Philadelphia, PA 19124
- Richardson Group Senior Citizen — 1750 Bridge St, Philadelphia, PA 19124
Frequently Asked Questions
What type of property is this?
Assisted living facility - RM-4 zoning permits a range of multifamily housing configurations by right.
Where is this assisted living facility located?
The property is located at 4820 PENN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: RM‑4 zoning allows multifamily housing scenarios by right; 11 bedrooms, 4 full bathrooms and 2 kitchens; 0.28‑acre parcel extending from Penn Street to Oxford Avenue
