Renovated Four-Unit
For Sale
$320,000
644 N 52nd St, Philadelphia, PA 19143
Fully leased property with updated kitchens, bathrooms, and flooring.
Property Size1,846 SF
Price / SF$173.35
Days on Market18
Property Features for 644 N 52nd St
General Information
Standard status
Active
Size
1,846 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,824
Listing Agency:
RE/MAX Main Line-West Chester
(610) 692-2228
Listed By:
Thomas Toole III · License #RS228901
(610) 692-6976
Source:
Exprealty
Added: Aug 28
Changed: Sep 10
Last Checked: Sep 14 at 10:41AM
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 RE/MAX Main Line-West Chester
Investment Insights
Based on property information with market context.
Located at 644 N 52nd Street in Philadelphia, this converted townhouse contains four separately leased residential units. The configuration includes a basement one-bedroom unit with one bathroom and a private entrance, a first-floor rear one-bedroom unit with one bathroom, a first-floor front studio with one bathroom, and a second-level two-bedroom unit with one bathroom.
The property has undergone renovations that include updated flooring, kitchens, and bathrooms. All four units are occupied under signed leases, providing an established rental profile. The unit mix offers a combination of studio, one-bedroom, and two-bedroom layouts within a single multifamily property.
The property has undergone renovations that include updated flooring, kitchens, and bathrooms. All four units are occupied under signed leases, providing an established rental profile. The unit mix offers a combination of studio, one-bedroom, and two-bedroom layouts within a single multifamily property.
Key Highlights
- Four‑unit quadplex with all units currently rented under signed leases
- Unit mix includes a studio, two one‑bedroom units, and one two‑bedroom unit
- Basement one‑bedroom unit has a private entrance
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
$19,998
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
6.25%
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%
$399,960
$400.0K
Cap Rate 7%
$285,686
$285.7K
Cap Rate 9%
$222,200
$222.2K
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
$30.8K $16.68/SF
− Vacancy
−$2.2K −$1.20/SF
EGI
$28.6K $15.48/SF
− OpEx
−$8.6K −$4.64/SF
NOI
$20.0K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
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%
$399,960
Cap Rate 7%
$285,686
Cap Rate 9%
$222,200
Alternative Uses
Best Use
Multifamily LT 5
$285.7K
$250.0K – $333.3K
NOI $19,998 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$254.1K
$222.3K – $296.5K
NOI $17,787 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$632.7K
$553.6K – $738.2K
NOI $44,290 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased property with updated kitchens, bathrooms, and flooring.
Where is this quadplex located?
The property is located at 644 N 52nd St 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‑unit quadplex with all units currently rented under signed leases; Unit mix includes a studio, two one‑bedroom units, and one two‑bedroom unit; Basement one‑bedroom unit has a private entrance
