Well-Maintained Quadplex with
For Sale
$1,050,000
617 N 11TH STREET, Philadelphia, PA 19123
A well-maintained four-unit bi-level property with in-unit laundry and multiple private outdoor spaces.
Property Size4,183 SF
Price / SF$251.02
Days on Market219
Property Features for 617 N 11TH STREET
General Information
Standard status
Active
Size
4,183 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Building Details
Year Built
2017
Listing Agency:
Realty Mark Associates - KOP
(215) 376-4444
Listed By:
LIN LIN DONG · License #RS345597
(215) 847-3529
Source:
Cummingsrealtors
Added: Mar 13
Changed: Oct 16
Last Checked: Oct 16 at 9:34AM
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 Realty Mark Associates - KOP
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Investment Insights
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This well-maintained quadplex offers four spacious bi-level units, each equipped with stainless steel appliances and an in-unit washer and dryer. Unit 1 features a 2-bedroom, 2.5-bath layout spanning the first floor (front) and basement. Unit 2 is a 2-bedroom, 2-bath bi-level home covering the second floor and first floor (rear), with two private balconies—one off the living room and one off the bedroom—plus a private backyard.
Units 3F and 3B are located on the third and fourth floors. Unit 3F is a 2-bedroom, 2-bath unit on the front with a modern layout. Unit 3B is a 2-bedroom, 1.5-bath unit on the rear with a private balcony off the living room.
The property is offered for sale with the listing noting two more years of tax abatement remaining.
Units 3F and 3B are located on the third and fourth floors. Unit 3F is a 2-bedroom, 2-bath unit on the front with a modern layout. Unit 3B is a 2-bedroom, 1.5-bath unit on the rear with a private balcony off the living room.
The property is offered for sale with the listing noting two more years of tax abatement remaining.
Key Highlights
- Well‑maintained 4‑unit quadruplex built in 2017 with bi‑level layouts
- Each unit includes in‑unit washer and dryer and stainless steel appliances
- Unit 2 features two private balconies (off the living room and bedroom) plus a private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,382
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,427,640
$1.4M
Cap Rate 7%
$1,019,743
$1.0M
Cap Rate 9%
$793,133
$793.1K
Market Conditions
NOI Build-Up for 4,183 SF
Gross rent
$107.9K $25.80/SF
− Vacancy
−$5.9K −$1.42/SF
EGI
$102.0K $24.38/SF
− OpEx
−$30.6K −$7.31/SF
NOI
$71.4K $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%
$1,427,640
Cap Rate 7%
$1,019,743
Cap Rate 9%
$793,133
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$892.3K – $1.19M
NOI $71,382 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$940.0K
$822.5K – $1.10M
NOI $65,797 @ 7.0% cap · market cap 6.27%
Theoretical Best
—
—
same as Best Use
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
19,028
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - A well-maintained four-unit bi-level property with in-unit laundry and multiple private outdoor spaces.
Where is this quadplex located?
The property is located at 617 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: Well‑maintained 4‑unit quadruplex built in 2017 with bi‑level layouts; Each unit includes in‑unit washer and dryer and stainless steel appliances; Unit 2 features two private balconies (off the living room and bedroom) plus a private backyard
