Contemporary Quadplex with
For Sale
$1,050,000
617 N 11TH Street, Philadelphia, PA 19123
Multi-Family, PHILADELPHIA, PA
Property Size4,183 SF
Lot Size0.03 Acres
Price / SF$251.02
Days on Market92
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
Forced Air, Central
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) 847-3529
Added: Aug 1
Changed: Sep 17
Last Checked: Oct 31 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 2017, this contemporary masonry quadplex contains 4,183 square feet across four bi-level residences. Each unit includes stainless steel appliances and an in-unit washer and dryer. The layouts include three two-bedroom, two-bath residences, one two-bedroom, two-and-one-half-bath residence, and one two-bedroom, one-and-one-half-bath residence. Private outdoor features include two balconies and a backyard serving one residence, plus an additional balcony attached to another.
Located at 617 N 11TH Street in Philadelphia, PA 19123, the property occupies 0.0347 acres. Building systems include forced-air and central heating, central air conditioning, masonry construction, and on-street parking.
Located at 617 N 11TH Street in Philadelphia, PA 19123, the property occupies 0.0347 acres. Building systems include forced-air and central heating, central air conditioning, masonry construction, and on-street parking.
Key Highlights
- Four bi‑level units totaling 4,183 square feet
- Unit mix includes three 2‑bedroom, 2‑bath units, one 2‑bedroom, 2.5‑bath unit, and one 2‑bedroom, 1.5‑bath unit
- Built in 2017 with contemporary masonry construction
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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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,285
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 - Four bi-level residences feature stainless steel appliances, in-unit laundry, and 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: Four bi‑level units totaling 4,183 square feet; Unit mix includes three 2‑bedroom, 2‑bath units, one 2‑bedroom, 2.5‑bath unit, and one 2‑bedroom, 1.5‑bath unit; Built in 2017 with contemporary masonry construction
