Bi-Level 4-Unit
New
For Sale
$1,050,000
617 N 11TH STREET, Philadelphia, PA 19123
Built in 2017, the residences feature stainless steel appliances, private outdoor areas, and in-unit laundry.
Property Size4,183 SF
Days on Market4
Property Features for 617 N 11TH STREET
General Information
Standard status
Active
Size
4,183 SF
Property subtype
Quadruplex
Units
Unit Mix
1 x 2BR/2.5BA, 2 x 2BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,289
Amenities
stainless steel appliances
in-unit washer and dryer
private balconies
private backyard
Building Details
Building Size
4,183 SF
Year Built
2017
Buildings
1
Listing Agency:
Realty Mark Associates - KOP
(215) 834-8897
Listed By:
LIN LIN DONG · License #RS345597
(215) 834-8897
Source:
Patmckennarealtors
Added: Aug 1
Changed: Aug 4
Last Checked: Aug 4 at 6:25AM
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
Investment Insights
Based on property information with market context.
Constructed in 2017, this Philadelphia quadplex contains four bi-level residences with stainless steel appliances and individual washers and dryers. The unit mix consists of three two-bedroom, two-bath residences, including one with a half bath, plus a two-bedroom, one-and-a-half-bath residence. One home spans the first floor and basement, while another extends across the second and rear first floors. The remaining two residences occupy the third and fourth floors.
Outdoor features include two private balconies and a backyard associated with one residence, along with an additional private balcony serving another home. The property is located at 617 N 11TH STREET in Philadelphia, Pennsylvania 19123. Interior layouts provide differentiated living arrangements across the four units, with natural light specifically noted in one of the upper-level residences.
Outdoor features include two private balconies and a backyard associated with one residence, along with an additional private balcony serving another home. The property is located at 617 N 11TH STREET in Philadelphia, Pennsylvania 19123. Interior layouts provide differentiated living arrangements across the four units, with natural light specifically noted in one of the upper-level residences.
Key Highlights
- Four bi‑level residential units in a quadplex configuration
- All four residences are two‑bedroom units
- Built in 2017
Financial Insights For Multifamily LT 5
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 | $107.9k | $25.80 |
| − Vacancy | −$5.9k | −$1.42 |
| EGI | $102.0k | $24.38 |
| − OpEx | −$30.6k | −$7.31 |
| NOI | $71.4k | $17.06 |
4,183 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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.
Property Analytics
Current Use
Lease Details
4
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2017, the residences feature stainless steel appliances, private outdoor areas, and in-unit laundry.
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: Four bi‑level residential units in a quadplex configuration; All four residences are two‑bedroom units; Built in 2017
