Legal 8-Bed Quadplex
5230 Schuyler St Philadelphia, PA 19144
5230 Schuyler St, Philadelphia, PA, 19144
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For Sale
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Turnkey legal quadplex with 8 bedrooms and 8 full baths, separate electric meters, and long-term tenants through 2026–2027.
Property Size3,100 SF
Price / SF$177.42
Days on Market23
Property Features for 5230 Schuyler St
General Information
- Standard status
- Active
- Size
- 3,100 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agency
RE/MAX Plus
(484) 868-9234
Listed by
Toma Holovatskyy · License #PARS345287
Source
Crexi
Added: Jul 1 Updated: Jul 22 at 8:45PM Checked: Jul 22 at 8:45PM
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 RE/MAX Plus
Investment Insights
Based on property information with market context.
This fully occupied, legal quadplex offers an 8-bed and 8-bath layout with separate electric meters for the units. The basement includes 2 bedrooms and 2 bathrooms and features stainless steel appliances, a bar area, two fireplaces, a washer and dryer, and renovated finishes including updated bathrooms. Unit 1 is a 3-bedroom and 3-bath home with backyard access and in-unit washer/dryer. Unit 2F provides 1 bedroom and 1 bathroom, and Unit 2R offers 2 bedrooms and 2 bathrooms; both second-floor units have backyard access but do not include washer/dryer.
The property is described as having an active rental license and is near Queen Lane train station. It is also noted to be close to William Penn Charter School, Germantown Friends School field, Thomas Jefferson East Falls campus, and provides quick access to Route 1 and I-76.
Tenants have been in place since 2023–2024. Lease end dates listed include 06/30/2027 for the basement and Unit 1, 06/30/2027 for Unit 2F, and 11/30/2026 for Unit 2R, which may renew. Annual gross income is reported as $60,636, with the owner paying gas heating and water, as well as insurance expenses.
The property is described as having an active rental license and is near Queen Lane train station. It is also noted to be close to William Penn Charter School, Germantown Friends School field, Thomas Jefferson East Falls campus, and provides quick access to Route 1 and I-76.
Tenants have been in place since 2023–2024. Lease end dates listed include 06/30/2027 for the basement and Unit 1, 06/30/2027 for Unit 2F, and 11/30/2026 for Unit 2R, which may renew. Annual gross income is reported as $60,636, with the owner paying gas heating and water, as well as insurance expenses.
Key Highlights
- Legal quadplex with 8 beds and 8 full baths in a 1900‑built property
- Fully occupied with long‑term tenants in place through 2026–2027; leases end 06/30/2027 (basement), 09/30/2027 (Unit 1), 06/30/2027 (Unit 2F), and 11/30/2026 (Unit 2R)
- Annual gross income of $60,636 and NOI of $40,985, reflecting an estimated 7.5% cap rate
Local Financial Insights For Apartment 5plus
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 | $94.1k | $30.36 |
| − Vacancy | −$5.5k | −$1.76 |
| EGI | $88.7k | $28.60 |
| − OpEx | −$39.9k | −$12.87 |
| NOI | $48.8k | $15.73 |
3,100 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$755.7K
$661.3K – $881.7K
NOI $52,901 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$696.6K
$609.5K – $812.7K
NOI $48,761 @ 7.0% cap · market cap 8.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Turnkey legal quadplex with 8 bedrooms and 8 full baths, separate electric meters, and long-term tenants through 2026–2027.
Where is this quadplex located?
The property is located at 5230 Schuyler St Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Legal quadplex with 8 beds and 8 full baths in a 1900‑built property; Fully occupied with long‑term tenants in place through 2026–2027; leases end 06/30/2027 (basement), 09/30/2027 (Unit 1), 06/30/2027 (Unit 2F), and 11/30/2026 (Unit 2R); Annual gross income of $60,636 and NOI of $40,985, reflecting an estimated 7.5% cap rate
