Quadplex with Renovated
For Sale
$475,000
597 ADAMS Avenue, Philadelphia, PA 19120
Multi-Family, PHILADELPHIA, PA
Property Size1,524 SF
Lot Size0.04 Acres
Price / SF$311.68
Days on Market84
Property Features for 597 ADAMS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,524 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3089
Utilities
Heating system
Forced Air
Cooling system
Attic Fan, Central Air, Ceiling Fan(s)
Building Details
Year built
1955
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Real Estate - Newtown · Keller Williams Realty
(215) 860-4200
Listed By:
Alysha Brand · License #RS343769
(215) 588-8086
Added: Jul 27
Changed: Oct 17
Last Checked: Oct 18 at 1:06AM
MLS# PAPH2652484
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This masonry quadplex contains 1,524 square feet and dates to 1955. The four apartments comprise two one-bedroom, one-bath units and two two-bedroom, one-bath units. First-floor apartments include access to a rear room with shared utilities and a washer in one unit, as well as access to the backyard. One residence also has a fenced patio area. Separate side entrances serve the upper-floor units.
Three units are occupied, and one vacant two-bedroom apartment has been renovated with new flooring, kitchen and bathroom finishes, and light fixtures. That unit also has newer HVAC and a water heater, washer/dryer hookups, and natural light. Heating is forced air; cooling includes central air, ceiling fans, and an attic fan. Parking is on street.
Three units are occupied, and one vacant two-bedroom apartment has been renovated with new flooring, kitchen and bathroom finishes, and light fixtures. That unit also has newer HVAC and a water heater, washer/dryer hookups, and natural light. Heating is forced air; cooling includes central air, ceiling fans, and an attic fan. Parking is on street.
Key Highlights
- Four apartments: two 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units
- 1,524 square feet; masonry construction; built in 1955
- Vacant upper unit renovated with new floors, kitchen, bathroom, and light fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,509
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,180
$330.2K
Cap Rate 7%
$235,843
$235.8K
Cap Rate 9%
$183,433
$183.4K
Market Conditions
NOI Build-Up for 1,524 SF
Gross rent
$25.4K $16.68/SF
− Vacancy
−$1.8K −$1.20/SF
EGI
$23.6K $15.48/SF
− OpEx
−$7.1K −$4.64/SF
NOI
$16.5K $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%
$330,180
Cap Rate 7%
$235,843
Cap Rate 9%
$183,433
Alternative Uses
Best Use
Multifamily LT 5
$235.8K
$206.4K – $275.2K
NOI $16,509 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$209.8K
$183.6K – $244.7K
NOI $14,684 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$364.1K
$318.6K – $424.7K
NOI $25,484 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,037
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
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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 apartments offer separate upstairs and downstairs layouts, with a recently updated unit available for occupancy.
Where is this quadplex located?
The property is located at 597 ADAMS Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four apartments: two 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units; 1,524 square feet; masonry construction; built in 1955; Vacant upper unit renovated with new floors, kitchen, bathroom, and light fixtures
