Occupied Three-Unit
For Sale
$347,500
1400 E BRISTOL Street, Philadelphia, PA 19124
Multi-Family, PHILADELPHIA, PA
Property Size1,428 SF
Lot Size0.05 Acres
Price / SF$243.35
Days on Market66
Property Features for 1400 E BRISTOL Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,428 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
3779
Utilities
Heating system
Radiant
Cooling system
Window Unit(s)
Building Details
Year built
1925
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Genesis Real Estate Services
(215) 226-6200
Listed By:
Maria I Falu-Rodriguez · License #RM422414
(215) 668-9135
Added: Jun 30
Changed: Aug 19
Last Checked: Sep 3 at 6:06PM
MLS# PAPH2638230
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This masonry triplex contains three fully occupied units, each arranged with one bedroom, a living room, dining area, kitchen, and full bathroom. Private entrances serve each residence, while the rear mechanical room supports the building. Radiant heat, window-unit cooling, and a driveway are included. The property was built in 1925 and offers 1,428 square feet on a 0.0517-acre lot.
Positioned at the corner of E Bristol Street and M Street in Juniata, the property includes front and side yards that provide additional outdoor space. Its legally zoned triplex configuration and existing tenant occupancy create a straightforward multifamily setup in Philadelphia, with one-bedroom layouts throughout.
Positioned at the corner of E Bristol Street and M Street in Juniata, the property includes front and side yards that provide additional outdoor space. Its legally zoned triplex configuration and existing tenant occupancy create a straightforward multifamily setup in Philadelphia, with one-bedroom layouts throughout.
Key Highlights
- Three fully occupied residential units with long‑term tenants
- Each unit includes one bedroom, living room, dining area, kitchen, and full bathroom
- Private entrance for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,401
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$368,020
$368.0K
Cap Rate 7%
$262,871
$262.9K
Cap Rate 9%
$204,456
$204.5K
Market Conditions
NOI Build-Up for 1,428 SF
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.
Gross rent
$28.3K $19.80/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$26.3K $18.41/SF
− OpEx
−$7.9K −$5.52/SF
NOI
$18.4K $12.89/SF
Area
ZIP 19124
Vacancy
7.03%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$368,020
Cap Rate 7%
$262,871
Cap Rate 9%
$204,456
Alternative Uses
Best Use
Multifamily LT 5
$262.9K
$230.0K – $306.7K
NOI $18,401 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$241.9K
$211.6K – $282.2K
NOI $16,931 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$821.4K
$718.7K – $958.3K
NOI $57,498 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Corner triplex with private entrances, established tenants, and separate one-bedroom residential layouts.
Where is this triplex located?
The property is located at 1400 E BRISTOL Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $347,500.
What are key features of this property?
This property features: Three fully occupied residential units with long‑term tenants; Each unit includes one bedroom, living room, dining area, kitchen, and full bathroom; Private entrance for each unit
