4-Unit Apartment
For Sale
$820,000
963 N 5TH STREET, Philadelphia, PA 19123
Each residence has an individual gas water heater and separate electric service.
Property Size3,198 SF
Lot Size0.05 Acres
Price / SF$256.41
Days on Market15
Property Features for 963 N 5TH STREET
General Information
Standard status
Active
Size
3,198 SF
Lot size
0.05 Acres
Property subtype
Quadruplex
Units
Unit Mix
1 x 2BR+den, 1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$11,153
Building Details
Building Size
3,198 SF
Year Built
1920
Buildings
1
Listing Agency:
KW Empower
Listed By:
Michael R. McCann · License #AB049770L
(215) 709-4141
Source:
Patmckennarealtors
Added: Oct 2
Changed: Oct 14
Last Checked: Oct 15 at 5:57AM
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.
This 1920-built apartment property contains four units across approximately 3,198 square feet above grade. The street-level front residence has two bedrooms, a den, and use of the basement. A two-bedroom, one-bath apartment spans the rear of the second and first floors, with a spiral stairway and a private yard. The other two apartments each provide one bedroom and one bathroom.
The building occupies a 22' x 100' lot at 963 N 5th Street in Philadelphia. Each apartment has its own gas hot water heater and separate electric service. The owner covers cold water, sewer, and electricity for common areas.
The building occupies a 22' x 100' lot at 963 N 5th Street in Philadelphia. Each apartment has its own gas hot water heater and separate electric service. The owner covers cold water, sewer, and electricity for common areas.
Key Highlights
- Four apartments with a mix of one- and two‑bedroom layouts
- Approximately 3,198 above‑grade square feet on a 22' x 100' lot
- Rear bi‑level unit includes a private yard and spiral staircase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,574
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,480
$1.1M
Cap Rate 7%
$779,629
$779.6K
Cap Rate 9%
$606,378
$606.4K
Market Conditions
NOI Build-Up for 3,198 SF
Gross rent
$82.5K $25.80/SF
− Vacancy
−$4.5K −$1.42/SF
EGI
$78.0K $24.38/SF
− OpEx
−$23.4K −$7.31/SF
NOI
$54.6K $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%
$1,091,480
Cap Rate 7%
$779,629
Cap Rate 9%
$606,378
Alternative Uses
Best Use
Multifamily LT 5
$779.6K
$682.2K – $909.6K
NOI $54,574 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$718.6K
$628.8K – $838.4K
NOI $50,303 @ 7.0% cap · market cap 6.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,500
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
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 - Each residence has an individual gas water heater and separate electric service.
Where is this quadplex located?
The property is located at 963 N 5TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Four apartments with a mix of one- and two‑bedroom layouts; Approximately 3,198 above‑grade square feet on a 22' x 100' lot; Rear bi‑level unit includes a private yard and spiral staircase
