Two-Building Residential Income
For Sale
$799,000
823 Christian St, Philadelphia, PA 19147
Multi-building residential income asset with five total units and recent roof, sewer, and fire alarm updates.
Property Size3,060 SF
Price / SF$261.11
Days on Market206
Property Features for 823 Christian St
General Information
Standard status
Active
Size
3,060 SF
Site & Location
Neighborhood
Italian Market
Building Details
Year Built
1920
Listing Agency:
KW Empower
Listed By:
Martin Rodriguez · License #RS348037
(609) 226-9287
Source:
Kandorre
Added: Apr 2
Changed: Oct 9
Last Checked: Oct 7 at 4:06PM
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 KW Empower
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Investment Insights
Based on property information with market context.
Welcome to 823 Christian St in Bella Vista, a residential income property presented as a two-building offering. The total size is 3,060 square feet and includes separate structures housing five units: three one-bedroom units in one building, plus one one-bedroom and one studio in the second building.
Recent improvements include updates to three units, new sewer main lines for both buildings, recently installed roofs on both buildings, and a new fire alarm system. The property is offered as-is. Public remarks also note an approximate 6.5% cap rate and position the address near the Italian Market.
For investors or owner-occupants looking for a multi-unit package with meaningful recent building-system work already completed, this two-building setup provides a straightforward rental configuration across the five units.
Recent improvements include updates to three units, new sewer main lines for both buildings, recently installed roofs on both buildings, and a new fire alarm system. The property is offered as-is. Public remarks also note an approximate 6.5% cap rate and position the address near the Italian Market.
For investors or owner-occupants looking for a multi-unit package with meaningful recent building-system work already completed, this two-building setup provides a straightforward rental configuration across the five units.
Key Highlights
- 6.5% cap rate property at 823 Christian St in Bella Vista
- 3,060 sq ft multi‑building income asset with five total units (3 one‑bed units plus 1 one‑bed and 1 studio)
- Three units recently updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,219
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,380
$1.0M
Cap Rate 7%
$745,986
$746.0K
Cap Rate 9%
$580,211
$580.2K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$78.9K $25.80/SF
− Vacancy
−$4.4K −$1.42/SF
EGI
$74.6K $24.38/SF
− OpEx
−$22.4K −$7.31/SF
NOI
$52.2K $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%
$1,044,380
Cap Rate 7%
$745,986
Cap Rate 9%
$580,211
Alternative Uses
Best Use
Multifamily LT 5
$746.0K
$652.7K – $870.3K
NOI $52,219 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$687.6K
$601.7K – $802.2K
NOI $48,132 @ 7.0% cap · market cap 6.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,626
Businesses Nearby
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Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
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 - Multi-building residential income asset with five total units and recent roof, sewer, and fire alarm updates.
Where is this quadplex located?
The property is located at 823 Christian St Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 6.5% cap rate property at 823 Christian St in Bella Vista; 3,060 sq ft multi‑building income asset with five total units (3 one‑bed units plus 1 one‑bed and 1 studio); Three units recently updated
