Contemporary
New
For Sale
$1,050,000
617 N 11TH Street, Philadelphia, PA 19123
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size4,183 SF
Lot Size0.03 Acres
Price / SF$251.02
Days on Market2
Property Features for 617 N 11TH Street
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
4,183 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3290
Utilities
Heating system
Central, Forced Air
Cooling system
Central Air
Amenities
stainless steel appliances
in-unit washer and dryer
private balconies
private backyard
Building Details
Year built
2017
Number of units
4
Building materials
Masonry
Architectural style
Contemporary
Listing Agency:
Realty Mark Associates - KOP
(215) 376-4444
Listed By:
LIN LIN DONG · License #RS345597
(215) 834-8897
Added: Aug 1
Last Checked: Aug 2 at 2:06AM
MLS# PAPH2655122
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.
Investment Insights
Based on property information with market context.
Contemporary quadplex built in 2017 with masonry construction and four bi-level units. Each unit is equipped with stainless steel appliances and includes an in-unit washer and dryer.
Unit 1 is a two-bedroom, 2.5-bath bi-level layout spanning the first floor (front) and basement. Unit 2 offers two bedrooms and 2.0 baths across 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. Unit 3F is a two-bedroom, two-bath bi-level unit on the third and fourth floors (front) with excellent natural light. Unit 3B is a two-bedroom, 1.5-bath bi-level unit on the third and fourth floors (rear) with a private balcony off the living room.
Heating is central with forced air, and cooling is central air. Parking is provided via on-street spaces.
Unit 1 is a two-bedroom, 2.5-bath bi-level layout spanning the first floor (front) and basement. Unit 2 offers two bedrooms and 2.0 baths across 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. Unit 3F is a two-bedroom, two-bath bi-level unit on the third and fourth floors (front) with excellent natural light. Unit 3B is a two-bedroom, 1.5-bath bi-level unit on the third and fourth floors (rear) with a private balcony off the living room.
Heating is central with forced air, and cooling is central air. Parking is provided via on-street spaces.
Key Highlights
- 2017‑built contemporary masonry quadplex with four bi‑level units
- Stainless steel appliances in each unit plus in‑unit washer and dryer
- Unit 1: two bedrooms, 2.5 baths spanning first floor (front) and basement
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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 - Contemporary masonry quadplex built in 2017 with central heat and central air, offering four bi-level units with 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: 2017‑built contemporary masonry quadplex with four bi‑level units; Stainless steel appliances in each unit plus in‑unit washer and dryer; Unit 1: two bedrooms, 2.5 baths spanning first floor (front) and basement
