New Multifamily in Growing
For Sale
$900,000
5117 WARREN Street, Philadelphia, PA 19131
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size4,600 SF
Lot Size0.03 Acres
Price / SF$195.65
Days on Market369
Property Features for 5117 WARREN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Rooms
Basement
Parking features
On Street
Subdivision
WEST PHILADELPHIA
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
4,600 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
359
Building Details
Number of units
4
Building materials
Frame
Architectural style
Contemporary
Listing Agency:
Real Broker, LLC
(856) 240-1072
Listed By:
William B Spinner · License #1647459
(856) 418-7852
Added: Jul 28, 2025
Changed: Jun 9
Last Checked: Jul 31 at 7:06PM
MLS# PAPH2521502
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 is a new, professionally constructed 4-unit multifamily property located in a growing West Philadelphia neighborhood. The property is move-in ready and will be delivered turnkey, fully built, inspected, and with a Certificate of Occupancy. The building has a total area of 4600 square feet and is situated on a 0.0345-acre lot. The property is located one block from Lancaster Ave, which offers restaurants, shops, SEPTA trolley access, and essential services. It is also a half mile from ParkWest Town Center, featuring a ShopRite, Lowe's, Planet Fitness, and Santander. Fairmount Park, the Mann Music Center, Please Touch Museum, and Bala Golf Club are less than a mile away. The location provides convenient access to Center City, City Ave, and University City, and is minutes from St. Joseph's University, Drexel University, and the University of Pennsylvania. The property is located in a Qualified Opportunity Zone (QOZ) for potential tax advantages and accelerated depreciation. Each unit is projected to deliver strong rental income in a high-demand area. This property is suited for buy-and-hold investors, 1031 exchange buyers, or those seeking passive income.
Key Highlights
- Brand‑new, fully‑built 4‑unit multifamily property delivered turnkey with Certificate of Occupancy.
- Located in a Qualified Opportunity Zone (QOZ), offering potential tax advantages.
- Projected strong rental income in a high‑demand area, ideal for buy‑and‑hold investors.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.7k | $25.80 |
| − Vacancy | −$6.5k | −$1.42 |
| EGI | $112.1k | $24.38 |
| − OpEx | −$33.6k | −$7.31 |
| NOI | $78.5k | $17.06 |
4,600 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$981.2K – $1.31M
NOI $78,499 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$1.03M
$904.5K – $1.21M
NOI $72,356 @ 7.0% cap · market cap 8.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey 4-unit multifamily property in West Philadelphia.
Where is this quadplex located?
The property is located at 5117 WARREN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Brand‑new, fully‑built 4‑unit multifamily property delivered turnkey with Certificate of Occupancy.; Located in a Qualified Opportunity Zone (QOZ), offering potential tax advantages.; Projected strong rental income in a high‑demand area, ideal for buy‑and‑hold investors.
