Residential Building with Four-Unit
For Sale
$300,000
5119 BALTIMORE AVENUE, Philadelphia, PA 19143
Architectural drawings outline a four-residence configuration that includes interior renovation work.
Property Size1,650 SF
Days on Market10
Property Features for 5119 BALTIMORE AVENUE
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Quadruplex
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,544
Building Details
Building Size
1,650 SF
Year Built
1925
Listing Agency:
Real of Pennsylvania
Listed By:
bryan okolo · License #RS363828
(267) 265-7292
Source:
Patmckennarealtors
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 16 at 4:31PM
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 Real of Pennsylvania
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Investment Insights
Based on property information with market context.
Built in 1925, this existing residential building is accompanied by architectural plans for a four-unit layout and interior renovations. The proposed configuration is documented in the plans; it is not presented as a completed renovation or confirmed unit count.
The property fronts Baltimore Avenue in West Philadelphia. University City, public transportation, restaurants, shopping, and neighborhood amenities are identified in the surrounding area.
The property fronts Baltimore Avenue in West Philadelphia. University City, public transportation, restaurants, shopping, and neighborhood amenities are identified in the surrounding area.
Key Highlights
- Architectural plans show a proposed four‑unit residential layout
- Plans include interior renovation work
- Built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,874
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,480
$357.5K
Cap Rate 7%
$255,343
$255.3K
Cap Rate 9%
$198,600
$198.6K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$27.5K $16.68/SF
− Vacancy
−$2.0K −$1.20/SF
EGI
$25.5K $15.48/SF
− OpEx
−$7.7K −$4.64/SF
NOI
$17.9K $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%
$357,480
Cap Rate 7%
$255,343
Cap Rate 9%
$198,600
Alternative Uses
Best Use
Multifamily LT 5
$255.3K
$223.4K – $297.9K
NOI $17,874 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$227.1K
$198.7K – $265.0K
NOI $15,899 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$565.5K
$494.8K – $659.8K
NOI $39,587 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,990
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Architectural drawings outline a four-residence configuration that includes interior renovation work.
Where is this quadplex located?
The property is located at 5119 BALTIMORE AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Architectural plans show a proposed four‑unit residential layout; Plans include interior renovation work; Built in 1925
