Tenant-Occupied Quadplex with
For Sale
$325,000
513 W Ruscomb St, Philadelphia, PA 19120
Four-unit quadplex with a garage; all apartments are currently tenant occupied and it was built in 1935.
Property Size2,560 SF
Price / SF$126.95
Days on Market94
Property Features for 513 W Ruscomb St
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Northwest Philadelphia
Building Details
Year Built
1935
Tenancy
Multi
Listing Agency:
Realty ONE Group Focus
Listed By:
Hernan Alvarado Jr. · License #RS373237
(267) 531-8469
Source:
Bethsamberg
Added: Jul 30
Changed: Oct 26
Last Checked: Oct 7 at 2:03PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$27,732
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,640
$554.6K
Cap Rate 7%
$396,171
$396.2K
Cap Rate 9%
$308,133
$308.1K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$42.7K $16.68/SF
− Vacancy
−$3.1K −$1.20/SF
EGI
$39.6K $15.48/SF
− OpEx
−$11.9K −$4.64/SF
NOI
$27.7K $10.83/SF
Area
ZIP 19120
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%
$554,640
Cap Rate 7%
$396,171
Cap Rate 9%
$308,133
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,574
Businesses Nearby
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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
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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 - 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 St 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
