Brick Quadplex with Finished
For Sale
$600,000
4820 PENN Street, Philadelphia, PA 19124
Multi-Family, PHILADELPHIA, PA
Property Size4,162 SF
Lot Size0.28 Acres
Price / SF$144.16
Days on Market18
Property Features for 4820 PENN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Driveway
Subdivision
FRANKFORD
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
4,162 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
3118
Utilities
Heating system
Other (Heating)
Amenities
finished basement
ceramic tile
fire detection system
Building Details
Year built
1940
Number of units
4
Building materials
Brick
Architectural style
Victorian
Listing Agency:
Quality Real Estate-Broad St
Listed By:
Tobias Lee Biddle
(215) 457-2600
Added: Oct 7
Changed: Oct 23
Last Checked: Oct 24 at 3:06AM
MLS# PAPH2678744
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,162-square-foot brick property was built in 1940 and previously operated as an assisted living facility. The interior includes 11 bedrooms, four full bathrooms, two kitchens, and a finished basement. An elevator, sprinkler system, and fire detection system are also present.
The property occupies a 0.2775-acre parcel extending from Penn Street to Oxford Avenue, with front and rear yards. A paved driveway accommodates up to eight vehicles, and a shed provides additional storage. RM-4 zoning permits multifamily housing scenarios by right.
The property occupies a 0.2775-acre parcel extending from Penn Street to Oxford Avenue, with front and rear yards. A paved driveway accommodates up to eight vehicles, and a shed provides additional storage. RM-4 zoning permits multifamily housing scenarios by right.
Key Highlights
- 4,162‑square‑foot brick building constructed in 1940
- 11 bedrooms, 4 full bathrooms, and 2 kitchens
- Finished basement, elevator, sprinkler system, and fire detection system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,630
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,600
$1.1M
Cap Rate 7%
$766,143
$766.1K
Cap Rate 9%
$595,889
$595.9K
Market Conditions
NOI Build-Up for 4,162 SF
Gross rent
$82.4K $19.80/SF
− Vacancy
−$5.8K −$1.39/SF
EGI
$76.6K $18.41/SF
− OpEx
−$23.0K −$5.52/SF
NOI
$53.6K $12.89/SF
Area
ZIP 19124
Vacancy
7.03%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,600
Cap Rate 7%
$766,143
Cap Rate 9%
$595,889
Alternative Uses
Best Use
Multifamily LT 5
$766.1K
$670.4K – $893.8K
NOI $53,630 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$705.0K
$616.8K – $822.5K
NOI $49,347 @ 7.0% cap · market cap 8.22%
Theoretical Best
Specialty Retail
$2.39M
$2.09M – $2.79M
NOI $167,582 @ 7.0% cap · market cap 27.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - RM-4 zoning and two kitchens support a range of multifamily housing configurations.
Where is this quadplex 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: 4,162‑square‑foot brick building constructed in 1940; 11 bedrooms, 4 full bathrooms, and 2 kitchens; Finished basement, elevator, sprinkler system, and fire detection system
