4-Unit Contemporary
New
For Sale
$975,000
616 N 42ND Street, Philadelphia, PA 19104
Multi-Family, PHILADELPHIA, PA
Property Size3,066 SF
Lot Size0.04 Acres
Price / SF$318
Days on Market4
Property Features for 616 N 42ND Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Rooms
Basement
Subdivision
PHILADELPHIA (WEST)
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
3,066 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2800
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2021
Number of units
2
Building materials
Concrete, Brick, Vinyl Siding
Architectural style
Contemporary
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Denise A Frazier · License #AB067937
(215) 421-3362
Added: Oct 13
Last Checked: Oct 16 at 10:06AM
MLS# PAPH2679454
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 contemporary quadplex contains four apartments: two one-bedroom units and two two-bedroom units. The building measures 3,066 square feet on a 0.0397-acre lot and was built in 2021. Construction materials include concrete, brick, and vinyl siding; building features also include central air, forced-air heating, and a basement. A tax abatement is in place.
The property is at 616 N 42nd Street in Philadelphia. Public transportation, neighborhood amenities, universities, and major routes are identified as accessible from the location.
The property is at 616 N 42nd Street in Philadelphia. Public transportation, neighborhood amenities, universities, and major routes are identified as accessible from the location.
Key Highlights
- Four apartments: two 1‑bedroom and two 2‑bedroom units
- 3,066 square feet on a 0.0397‑acre lot
- Built in 2021; contemporary design with concrete, brick, and vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,321
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,420
$1.0M
Cap Rate 7%
$747,443
$747.4K
Cap Rate 9%
$581,344
$581.3K
Market Conditions
NOI Build-Up for 3,066 SF
Gross rent
$79.1K $25.80/SF
− Vacancy
−$4.4K −$1.42/SF
EGI
$74.7K $24.38/SF
− OpEx
−$22.4K −$7.31/SF
NOI
$52.3K $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%
$1,046,420
Cap Rate 7%
$747,443
Cap Rate 9%
$581,344
Alternative Uses
Best Use
Multifamily LT 5
$747.4K
$654.0K – $872.0K
NOI $52,321 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$689.0K
$602.8K – $803.8K
NOI $48,227 @ 7.0% cap · market cap 4.95%
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
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,513
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
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 - The unit mix pairs one- and two-bedroom apartments, with central air and forced-air heating throughout.
Where is this quadplex located?
The property is located at 616 N 42ND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four apartments: two 1‑bedroom and two 2‑bedroom units; 3,066 square feet on a 0.0397‑acre lot; Built in 2021; contemporary design with concrete, brick, and vinyl siding
