Renovated Four-Unit Masonry
New
For Sale
$320,000
644 N 52ND Street, Philadelphia, PA 19131
Multi-Family, PHILADELPHIA, PA
Property Size1,846 SF
Lot Size0.03 Acres
Price / SF$173.35
Days on Market2
Property Features for 644 N 52ND Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,846 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3824
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1925
Number of units
1
Building materials
Masonry
Architectural style
Other
Listing Agency:
RE/MAX Main Line-West Chester · RE/MAX International
(610) 692-2228
Listed By:
Thomas Toole III · License #RS228901
(610) 692-6976
Added: Sep 2
Last Checked: Sep 3 at 8:06AM
MLS# PAPH2663972
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.
This 1,846-square-foot masonry quadplex at 644 N. 52nd Street contains four separately arranged residences. The unit mix includes a basement-level one-bedroom with one bathroom and a private entrance, a rear first-floor one-bedroom with one bathroom, a front first-floor studio with one bathroom, and a second-level two-bedroom with one bathroom. Renovated interiors feature updated flooring, contemporary kitchens, and updated bathrooms.
All four units are occupied under signed leases. Building systems include hot-water heating and central air conditioning, while parking is available on the street. Constructed in 1925, the property occupies a 0.0307-acre lot in Philadelphia, Pennsylvania 19131.
All four units are occupied under signed leases. Building systems include hot-water heating and central air conditioning, while parking is available on the street. Constructed in 1925, the property occupies a 0.0307-acre lot in Philadelphia, Pennsylvania 19131.
Key Highlights
- Four residential units with all units occupied under signed leases
- 1,846 square feet on a 0.0307‑acre lot
- Unit mix includes one studio, two 1‑bedroom units, and one 2‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,037
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$580,740
$580.7K
Cap Rate 7%
$414,814
$414.8K
Cap Rate 9%
$322,633
$322.6K
Market Conditions
NOI Build-Up for 1,846 SF
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.
Gross rent
$56.0K $30.36/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$52.8K $28.60/SF
− OpEx
−$23.8K −$12.87/SF
NOI
$29.0K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$580,740
Cap Rate 7%
$414,814
Cap Rate 9%
$322,633
Alternative Uses
Best Use
Multifamily LT 5
$450.0K
$393.8K – $525.0K
NOI $31,502 @ 7.0% cap · market cap 9.84%
Second Best
Apartment 5plus
$414.8K
$363.0K – $484.0K
NOI $29,037 @ 7.0% cap · market cap 9.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
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 - Fully leased four-unit property with updated kitchens, bathrooms, flooring, and separate residential layouts.
Where is this quadplex located?
The property is located at 644 N 52ND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Four residential units with all units occupied under signed leases; 1,846 square feet on a 0.0307‑acre lot; Unit mix includes one studio, two 1‑bedroom units, and one 2‑bedroom unit
