Four-Unit Apartment
New
For Sale
$375,000
521 W VENANGO STREET, Philadelphia, PA 19140
Each residence is configured as a one-bedroom unit.
Property Size1,650 SF
Days on Market4
Property Features for 521 W VENANGO STREET
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
North Philadelphia
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,454
Building Details
Building Size
1,650 SF
Year Built
1942
Listing Agency:
Canaan Realty Services INC
Listed By:
Phillyn Noeun · License #RS357549
(267) 269-6178
Source:
Patmckennarealtors
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 3:40PM
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 Canaan Realty Services INC
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Investment Insights
Based on property information with market context.
Located at 521 W Venango Street in Philadelphia, this four-unit residential property was built in 1942. Its configuration consists of four separate one-bedroom apartments.
Key Highlights
- Four individual 1‑bedroom units
- Built in 1942
- Located at 521 W Venango Street in Philadelphia
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,157
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,140
$563.1K
Cap Rate 7%
$402,243
$402.2K
Cap Rate 9%
$312,856
$312.9K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$42.6K $25.80/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$40.2K $24.38/SF
− OpEx
−$12.1K −$7.31/SF
NOI
$28.2K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,140
Cap Rate 7%
$402,243
Cap Rate 9%
$312,856
Alternative Uses
Best Use
Multifamily LT 5
$402.2K
$352.0K – $469.3K
NOI $28,157 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$370.8K
$324.4K – $432.6K
NOI $25,954 @ 7.0% cap · market cap 6.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,644
Businesses Nearby
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Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence is configured as a one-bedroom unit.
Where is this quadplex located?
The property is located at 521 W VENANGO STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four individual 1‑bedroom units; Built in 1942; Located at 521 W Venango Street in Philadelphia
