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For Sale

Listing description

11-UNIT MULTIFAMILY PORTFOLIO | Philadelphia, Pennsylvania Asking Price $898000 Investment Highlights ● 4 residential properties ● Portfolio includes: ● 4215 Salem St: 4 Units, All 1 BR/1 BA ● 4219 Salem St: 3 BR/1 BA Single Family Rowhome ● 4221 Salem St: 4 Units, All 1 BR/1 BA ● 4223 Salem St: 2 Units, Both 1 BR/1 BA. Convenient access to public transportationl, shopping, restaurants, schools, and major roads ● Strong rental demand with excellent long-term investment potential Financial Summary Gross Annual Income: $130,800 Annual Operating Expenses: Approximately $26,343 Net Operating Income (NOI): Approximately $104,457 Asking Price: $898000.00 Estimated NOI Yield: 10.45%. Gross Rental Yield 13.08%. Investment Opportunity This is a rare opportunity to acquire a well-maintained, income-producing multifamily portfolio in one of Philadelphia’s most desirable rental markets. The properties offer stable cash flow, low operating expenses, and upside potential through future rental growth. Whether you’re expanding an existing portfolio or completing a 1031 exchange, this asset presents an attractive investment opportunity. Closing Seller is seeking a fast closing. Qualified buyers are encouraged to provide proof of funds or financing pre-approval prior to scheduling property tours. For additional information, including the rent roll, operating statements, or to arrange a private showing, please contact the listing agent. Investment highlights 11 Total Residential Units Strong rental demand in 19124 Value-add opportunity Adjacent lot included with 4215 Salem St Ideal portfolio for cash flow investors Prime location close to public transportation, major roads, shopping, and local amenities.

Facts & features

Interior

Bedrooms
13
Bathrooms
11 full
Living area
6,979 sq ft
Heating
Radiator
Cooling
Window Unit(s)

Property & construction

Property type
Residential · Other
Architectural style
Traditional
Year built
1925

Lot & parking

Lot size
0.22 acres (9,583 sq ft)

Financial

Price / sq ft
$129
HOA dues
None

Listing details

MLS #
PAPH2671322
County
Philadelphia County
School district
Philadelphia City
Days on NookLocal
17 days

Interior features

Basement
Fully Finished
Levels
2
Accessibility
None

Exterior & construction

Construction
Masonry

Systems & utilities

Heating fuel
Electric
Cooling fuel
Electric
Hot water
Natural Gas
Water source
Public
Sewer
Public Sewer

Parking

Parking
Off Street

Community

Subdivision
PHILADELPHIA

Lot & zoning

Zoning
RM1

Included in the sale

Possession
0-30 Days CD

Price history

DateEventPrice
Oct 30, 2026Price reduced$898,500
Oct 15, 2026Listed for sale$1,000,000

Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.

The NookLocal estimate

Estimated value

$1,080,000

Automated estimate, not an appraisal. Sale records through July 2026.

About this estimate

Based on 10 comparable sales nearby, the Philadelphia County assessment ratio, weighted toward the current asking price.

Current list price
$898,500
County assessment implies
$180,517

Comparable Sales

AddressClosedSale priceBd/BaSqftAdjusted value
1013 CLINTON ST, PHILADELPHIA, PA 19107June 2026$2,200,0005/56,500$2,281,720
1536-38 N HANCOCK ST, PHILADELPHIA, PA 19122March 2026$500,0000/57,200$282,975
2015 DELANCEY PL, PHILADELPHIA, PA 19103April 2026$5,600,0005/56,644$5,808,015
822 N AMERICAN ST #6, PHILADELPHIA, PA 19123October 2026$1,850,0006/56,200$1,944,677
1029 66TH AVE, PHILADELPHIA, PA 19126April 2025$700,0004/36,849$1,030,957
1830 DELANCEY PL, PHILADELPHIA, PA 19103July 2025$3,800,0005/46,600$4,127,894

Estimated taxes

Recorded property taxes: $2,383 (2026 bill as recorded in the MLS).

Estimated monthly payment calculator

$179,700 (20%)
6.43%

Loan term

Estimated monthly payment

$4,971/mo

Principal & interest
$4,510
Property taxes
$199
Home insurance (est.)
$262

Taxes use the amount recorded on the MLS. The default rate is the average 30-year rate as of July 2026; insurance is estimated at 0.35% of the price per year. Below 20% down, lenders usually add mortgage insurance, which this estimate doesn't include. Estimate only; verify before relying on it.

Area statistics

School district

Philadelphia City

2025 PA state assessments (PSSA / Keystone) and graduation data. The index measures student outcomes, not school effectiveness, and is not adjusted for demographics. Districts serve all residents; verify enrollment boundaries with the district.

Safety data

Philadelphia County crime & safety numbers →

County figures from FBI and Pennsylvania source data.

Property taxes

Philadelphia County taxes, explained →

Millage, the Common Level Ratio, and what changes after you buy.

© BRIGHT, All Rights Reserved

Information Deemed Reliable But Not Guaranteed

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.

IDX listings are displayed pursuant to broker of record United Real Estate Strive 212, Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Data last updated: November 1, 2026 at 1:13 PM EST

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