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 Market65
Property Features for 644 N 52nd St
General Information
Standard status
Active
Size
1,846 SF
Property subtype
Residential Income
Site & Location
Neighborhood
West Philadelphia
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: Oct 26
Last Checked: Oct 30 at 7:36PM
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
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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 / Yr
$19,998
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
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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
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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 - 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
