Tenant-Occupied Quadplex with
For Sale
$325,000
513 W RUSCOMB STREET, Philadelphia, PA 19120
Four-unit quadplex with a garage; all apartments are currently tenant occupied and it was built in 1935.
Days on Market52
Property Features for 513 W RUSCOMB STREET
General Information
Standard status
Active
Property subtype
Quadruplex
Occupancy
100%
Building Details
Building Size
2,560 SF
Year Built
1935
Tenancy
Multi
Listing Agency:
Realty ONE Group Focus
(267) 531-8469
Listed By:
Hernan Alvarado Jr. · License #RS373237
(267) 531-8469
Source:
Mainlinekw
Added: Jun 11
Changed: Jul 31
Last Checked: Jul 31 at 7:04AM
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 Realty ONE Group Focus
Investment Insights
Based on property information with market context.
This four-unit quadplex includes a garage, with all apartments currently tenant occupied. The property is offered “as-is,” and the seller will not make repairs or provide credits. Buyer due diligence is required, including zoning, use, occupancy, and any municipal or lender requirements, along with any code compliance items, inspections, permits, or certifications.
An option may be available to have the property delivered vacant at settlement if preferred, providing flexibility for future plans, renovations, or tenant placement strategies.
Built in 1935, this investor-oriented multifamily property is located at 513 W Ruscomb Street in Philadelphia, PA 19120.
An option may be available to have the property delivered vacant at settlement if preferred, providing flexibility for future plans, renovations, or tenant placement strategies.
Built in 1935, this investor-oriented multifamily property is located at 513 W Ruscomb Street in Philadelphia, PA 19120.
Key Highlights
- Four‑unit quadplex with a garage
- All apartments currently tenant occupied
- Option for delivery vacant at settlement if preferred
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 | $42.7k | $16.68 |
| − Vacancy | −$3.1k | −$1.20 |
| EGI | $39.6k | $15.48 |
| − OpEx | −$11.9k | −$4.64 |
| NOI | $27.7k | $10.83 |
2,560 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$396.2K
$346.7K – $462.2K
NOI $27,732 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$352.4K
$308.3K – $411.1K
NOI $24,667 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$611.5K
$535.1K – $713.5K
NOI $42,807 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,574
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
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 - Four-unit quadplex with a garage; all apartments are currently tenant occupied and it was built in 1935.
Where is this quadplex located?
The property is located at 513 W RUSCOMB STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four‑unit quadplex with a garage; All apartments currently tenant occupied; Option for delivery vacant at settlement if preferred
