Four-Unit Quadplex with Laundry
New
For Sale
$510,000
6437 BROAD STREET, Philadelphia, PA 19126
The building has separate utility meters and heating systems for each unit, along with a lower-level laundry room.
Property Size2,608 SF
Days on Market4
Property Features for 6437 BROAD STREET
General Information
Standard status
Active
Size
2,608 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
2 x 1BR, 2 x 2BR
Multifamily Units
4
Additional Details
Gross Income
$52,320
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,025
Amenities
laundry room
Building Details
Building Size
2,608 SF
Year Built
1935
Tenancy
Multi
Listing Agency:
City Wide Realty Inc
Listed By:
Maurice Austin · License #R339125
(215) 891-6995
Source:
Lizclarkrealestate
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 1:28AM
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 City Wide Realty Inc
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Investment Insights
Based on property information with market context.
This 2,608-square-foot quadplex contains four apartments: two one-bedroom units and two two-bedroom units. Three apartments received renovations within the past 3–4 months. The building dates to 1935 and has separate gas and electric meters, water heaters, and heating systems for each unit. A laundry room on the lower level has coin-operated washers and dryers, which are not currently in use.
All four apartments are occupied, with month-to-month leases. The property is on Broad Street in Philadelphia, with city transportation and shopping nearby.
All four apartments are occupied, with month-to-month leases. The property is on Broad Street in Philadelphia, with city transportation and shopping nearby.
Key Highlights
- Four apartments: two one‑bedroom units and two two‑bedroom units
- 2,608 square feet; built in 1935
- Three units renovated within the past 3–4 months
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,505
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,100
$890.1K
Cap Rate 7%
$635,786
$635.8K
Cap Rate 9%
$494,500
$494.5K
Market Conditions
NOI Build-Up for 2,608 SF
Gross rent
$67.3K $25.80/SF
− Vacancy
−$3.7K −$1.42/SF
EGI
$63.6K $24.38/SF
− OpEx
−$19.1K −$7.31/SF
NOI
$44.5K $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%
$890,100
Cap Rate 7%
$635,786
Cap Rate 9%
$494,500
Alternative Uses
Best Use
Multifamily LT 5
$635.8K
$556.3K – $741.8K
NOI $44,505 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$586.0K
$512.8K – $683.7K
NOI $41,023 @ 7.0% cap · market cap 8.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,168
Businesses Nearby
Explore this area
Business Placement
Demographics for 19126, PA
16,159
Population
7,490
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
90%
High-School Grad
1.2 sq mi
ZIP Area
13,466
Density / Sq Mi
$52,847
Median Household Income
$40,610
Median Earnings
$1,116
Median Rent
$214,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The building has separate utility meters and heating systems for each unit, along with a lower-level laundry room.
Where is this quadplex located?
The property is located at 6437 BROAD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Four apartments: two one‑bedroom units and two two‑bedroom units; 2,608 square feet; built in 1935; Three units renovated within the past 3–4 months
