Well-Maintained Quadplex with
617 North 11th Street Philadelphia, PA 19123
For Sale
$1,080,000
A well-maintained four-unit bi-level property with in-unit laundry and multiple private outdoor spaces.
Property Size4,183 SF
Price / SF$258.19
Days on Market183
Property Features for 617 North 11th Street
General Information
- Standard status
- Active
- Size
- 4,183 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2017
Listing Agency:
Realty Mark Associates - KOP
(215) 834-8897
Listed By:
LIN LIN DONG · License #RS345597
(215) 834-8897
Source:
Compass
Added: Jan 22
Changed: Jul 23
Last Checked: Jul 23 at 12:40PM
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.
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 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 6.61%
Second Best
Apartment 5plus
$940.0K
$822.5K – $1.10M
NOI $65,797 @ 7.0% cap · market cap 6.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
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 North 11th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,080,000.
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
