Quadplex with Full
New
For Sale
$1,050,000
612 N 11TH STREET, Philadelphia, PA 19123
Built in 2019, the property has shared laundry on the main and upper floors and on-street parking.
Property Size5,465 SF
Lot Size0.03 Acres
Days on Market4
Property Features for 612 N 11TH STREET
General Information
Standard status
Active
Size
5,465 SF
Lot size
0.03 Acres
Property subtype
Quadruplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,211
Amenities
24-hour security
shared laundry facilities
Building Details
Building Size
5,465 SF
Year Built
2019
Construction
contemporary masonry
Listing Agency:
Panphil Realty, LLC
Listed By:
Meng Z Wu · License #RS365029
(215) 715-3711
Source:
Patmckennarealtors
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 13 at 2:11AM
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 Panphil Realty, LLC
Investment Insights
Based on property information with market context.
This 2019 masonry row-style property includes a full basement and shared laundry facilities on the main and upper floors. The compact site measures 0.03 acres, and residents rely on on-street parking. The property is located at 612 N 11th Street in Philadelphia, Pennsylvania.
Key Highlights
- Built in 2019
- Full basement
- 0.03‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,260
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,865,200
$1.9M
Cap Rate 7%
$1,332,286
$1.3M
Cap Rate 9%
$1,036,222
$1.0M
Market Conditions
NOI Build-Up for 5,465 SF
Gross rent
$141.0K $25.80/SF
− Vacancy
−$7.8K −$1.42/SF
EGI
$133.2K $24.38/SF
− OpEx
−$40.0K −$7.31/SF
NOI
$93.3K $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%
$1,865,200
Cap Rate 7%
$1,332,286
Cap Rate 9%
$1,036,222
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.17M – $1.55M
NOI $93,260 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,962 @ 7.0% cap · market cap 8.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,285
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2019, the property has shared laundry on the main and upper floors and on-street parking.
Where is this quadplex located?
The property is located at 612 N 11TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Built in 2019; Full basement; 0.03‑acre lot
