Two-Building Residential Income
823 Christian St Philadelphia, PA 19147
823 Christian St, Philadelphia, PA, 19147
Contact for pricing
For Sale
Contact for pricing
Multi-building residential income asset with five total units and recent roof, sewer, and fire alarm updates.
Property Size3,060 SF
Price / SF$283.99
Days on Market114
Property Features for 823 Christian St
General Information
- Standard status
- Active
- Size
- 3,060 SF
- Property subtype
- Mixed Use, Multifamily
Listing agency
KW Empower
(609) 226-9287
Listed by
Martin Rodriguez · License #RS348037
Source
Crexi
Added: Apr 1 Updated: Jul 21 at 4:41AM Checked: Jul 22 at 12:08PM
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
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.9k | $25.80 |
| − Vacancy | −$4.4k | −$1.42 |
| EGI | $74.6k | $24.38 |
| − OpEx | −$22.4k | −$7.31 |
| NOI | $52.2k | $17.06 |
3,060 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$746.0K
$652.7K – $870.3K
NOI $52,219 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$687.6K
$601.7K – $802.2K
NOI $48,132 @ 7.0% cap · market cap 5.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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 $869,000.
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
