Brick Quadplex with
New
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 Market7
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
shed
Building Details
Year built
1940
Number of units
4
Building materials
Brick
Architectural style
Victorian
Listing Agency:
Quality Real Estate-Broad St
(215) 457-2600
Listed By:
Tobias Lee Biddle · License #RM423970
(215) 423-7497
Added: Oct 7
Last Checked: Oct 13 at 10:06PM
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.
Investment Insights
Based on property information with market context.
This brick quadplex in Philadelphia contains 4,162 square feet and was built in 1940. The interior includes 11 bedrooms, 4 full bathrooms, 2 kitchens, an elevator, and a finished basement. Fire protection features include a sprinkler system and fire detection system. A newer asphalt shingle roof covers the building.
The property occupies 0.2775 acres, extending from Penn Street to Oxford Avenue, with front and rear yards. A shed provides additional storage, and the paved driveway accommodates up to 8 vehicles. RM-4 zoning allows multiple multifamily housing configurations by right.
The property occupies 0.2775 acres, extending from Penn Street to Oxford Avenue, with front and rear yards. A shed provides additional storage, and the paved driveway accommodates up to 8 vehicles. RM-4 zoning allows multiple multifamily housing configurations by right.
Key Highlights
- 4,162‑square‑foot brick quadplex built in 1940
- RM‑4 zoning allows multiple multifamily housing configurations by right
- 11 bedrooms, 4 full bathrooms, and 2 kitchens
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
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Current Use
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
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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 - RM-4 zoning permits multiple multifamily housing configurations by right.
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 quadplex built in 1940; RM‑4 zoning allows multiple multifamily housing configurations by right; 11 bedrooms, 4 full bathrooms, and 2 kitchens
