Four-Unit RM1
For Sale
$400,000
810 W ROOSEVELT BLVD, Philadelphia, PA 19140
Residential income property with four units, offered as-is for renovation and continued rental use.
Property Size1,872 SF
Price / SF$213.68
Days on Market228
Property Features for 810 W ROOSEVELT BLVD
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
4
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Ronald W Halbruner Jr. · License #1972341
(609) 602-5762
Source:
Towncentermd
Added: Mar 18
Changed: Oct 25
Last Checked: Oct 30 at 2:18PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 1,872 square feet and is being offered strictly in its current as-is condition. Built in 1930, the asset provides a defined multifamily configuration for renovation and continued rental use.
The property is located at 810 West Roosevelt Boulevard in Philadelphia’s 19140 area. RM1 zoning and the existing four-unit layout establish the primary physical and land-use characteristics of the offering.
The property is located at 810 West Roosevelt Boulevard in Philadelphia’s 19140 area. RM1 zoning and the existing four-unit layout establish the primary physical and land-use characteristics of the offering.
Key Highlights
- Four‑unit residential property
- 1,872 square feet
- RM1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,945
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,900
$638.9K
Cap Rate 7%
$456,357
$456.4K
Cap Rate 9%
$354,944
$354.9K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$48.3K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$45.6K $24.38/SF
− OpEx
−$13.7K −$7.31/SF
NOI
$31.9K $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%
$638,900
Cap Rate 7%
$456,357
Cap Rate 9%
$354,944
Alternative Uses
Best Use
Multifamily LT 5
$456.4K
$399.3K – $532.4K
NOI $31,945 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$420.7K
$368.1K – $490.8K
NOI $29,446 @ 7.0% cap · market cap 7.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,592
Businesses Nearby
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Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with four units, offered as-is for renovation and continued rental use.
Where is this quadplex located?
The property is located at 810 W ROOSEVELT BLVD Philadelphia, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Four‑unit residential property; 1,872 square feet; RM1 zoning
