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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Quadplexes
1705 Erie Ave Philadelphia, PA 19140-3547
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-5429636
Property summary
AI-generated overview
This multifamily property is a quadplex located in Philadelphia, Pennsylvania. The property has a living area of 2759 square feet and a lot size of 0.04 acres. It is classified as a residential income property.
Property profile
Verified
Property type
Quadplexes
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,759 SF
Lot
0.04 ac (1,566 SF)
Zoning code
RM1
APN
88-1-2989-20
UPID
US73-5429636
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$670k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Gps Estates LLC · 8 yrs held
Gps Estates LLC
since 2017
7 recorded transactions
Zoning & alternative use
RM1 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Philadelphia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Philadelphia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$620,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$765,000
Current use
OFFICE BUILDING
$700,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$675,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$236 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,199
Tax year 2023
Assessed value
$371,400
Assessed 2023
Previous assessed
$371,400
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$111,420
Assessed improvement
$259,980
Land market value
$111,420
Improvement market value
$259,980
Total market value
$371,400
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Quadplexes
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Total area
2,759 SF
Lot
0.04 ac (1,566 SF)
Zoning code
RM1
APN
88-1-2989-20
UPID
US73-5429636
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RM1 · Philadelphia, PA
Zoning RM1 · permitted uses
RM1 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Philadelphia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$765,000
OFFICE BUILDING
Est. value
$700,000
MEDICAL BUILDING
Est. value
$675,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
Gps Estates LLC
Entity
Mailing address
2283 BAYLEAF DR, SAN RAMON, CA 94582-5878
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2017
$245,000
Gps Estates LLC
Rising Sun Capital Group LLC
Grant Deed
$183,750 · Bank Of The West
Nov 6, 2008
$50,600
Rising Sun Capital Group LLC
Hsbc Bank USA NA
Deed
$130,000 · Commercial Capital Group INC
Nov 21, 2007
$30,000
Ace Secs Corp Hm Trust 2006-he4
Sheriff Of Philadelphia County
Trustees Deed
related
—
Jul 8, 2006
$155,000
Jamal Hammond
Yigal Chadad
Deed
$124,000 · Sunset Mortgage Company LP
Aug 16, 2005
$85,000
Chadad,yigal
Ruglife Real Estate Co INC
Grant Deed
—
—
—
Chadad,yigal
—
Deed Of Trust
related
$76,000 · Wachovia Bk/ga
—
—
Chadad,yigal
—
Deed Of Trust
related
$76,760 · Wachovia Bk/ga
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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