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4059 Baring St, Philadelphia, PA, 19104

--beds
--baths
0sqft
$1,999,000
--price/sqft
$14,975/moest. monthly cost
$599,000/yrincome needed

About This Home

Discover a rare investment opportunity in the heart of University City. This 7,465 sq. ft., 5-unit building (15 beds, 12 full baths, 2 half baths) is only 5 years old and comes fully furnished with ultra-luxury finishes—including quartz counters, stainless steel appliances, white cabinetry, and bamboo hardwood floors. The property has a strong rental history and 25% upside potential. Additional highlights include fire sprinklers, fire alarm monitoring, and camera security system. With 5 years of real estate tax abatement remaining and proximity to UPenn, Drexel, and Market-Frankford Line transit, this is a turn-key, cash-flowing investment. Previously used as Airbnb. Perfect for family rentals as well. Call or email for each individual unit pictures. Schedule your showing today.

Getting Around

85
WalkingVery Walkable
89
TransitExcellent Transit
98
BikeBiker's Paradise

Schools

5/10
Locke Alain SchoolGrades K-80.4 mi
2/10

Construction

Condition

  • Year built: 2019

Materials

  • Foundation: Concrete Perimeter
  • Construction materials: Brick,Brick Front,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 0

Features

  • Flooring: Bamboo

Heating & Cooling

  • Heating features: Central,Natural Gas
  • Cooling features: Central Air,Natural Gas

Interior Area

  • Total structure area: 0

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 061029100
  • Zoning: RSA5
  • Special condition: Standard
  • Exclusions: Tenants Personal Property

Features

  • Pool features: None

Lot

  • Lot size: 2,146 sqft
  • Lot size dimensions: 22.00 x 98.00

Parking

  • Parking features: On Street,Off Site
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $10,108$121,296
Home Insurance *$2,600$31,200
Property Taxes $2,043$24,516
Electricity $224$2,692
Total$14,975$179,700
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$513,428/yr
40% on housing$449,250/yr
45% on housing$399,333/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.5%
5.5%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 19104$180
Philadelphia County$161

vs Homes Sold Last Month

Median $/sqft

ZIP 19104$118
Philadelphia County$236

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-10-07Price change$1,999,000
2025-09-18Listed for sale$2,250,000
2020-07-07Listing removed$1,300
2020-06-06Listed for rent$1,300
2020-02-18Sold$1,850,000
2019-10-15Listing removed$2,300
2019-08-23Price change$2,300
2019-08-06Price change$2,450
2019-07-20Listed for rent$2,600
2017-06-28Sold$300,000
2016-08-11Sold$230,000
2013-07-09Sold$72,500

For Sale by Agent

AgentAshwin Rashatwar
BrokerageKeller Williams Realty - Marlton

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