Fully Occupied Triplex Rental
For Sale
$599,900
1802 E HUNTINGDON Street, Philadelphia, PA 19125
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,658 SF
Lot Size0.03 Acres
Price / SF$225.70
Days on Market36
Property Features for 1802 E HUNTINGDON Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Assigned, On Street
Interior features
Bathroom - Stall Shower, Bathroom - Tub Shower, Ceiling Fan(s), Wood Floors
Appliances
Built-In Microwave, Dishwasher, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,658 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2055
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2017
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
JG Real Estate LLC
(215) 467-4100
Listed By:
Ariel L Morgenstein · License #AB067988
(215) 467-4100
Added: Jul 8
Changed: Jul 9
Last Checked: Aug 12 at 12:06AM
MLS# PAPH2641098
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 offering includes two fully occupied triplex buildings at 1802-1804 E. Huntingdon Street, with three apartments per building. Each unit is configured as a 2-bedroom layout. The first-floor unit at 1802 E. Huntingdon Street includes two full bathrooms, an open-concept living area with hardwood floors and recessed lighting, and a kitchen with stainless steel appliances, granite countertops, a tile backsplash, and a breakfast bar. It also features a large finished lower level with tile flooring, a second full bathroom, ample storage, a stacked washer/dryer, a utility sink, and access to a private outdoor patio.
The property is situated just across the street from Huntingdon Station on the El, supporting commuter-friendly access. Additional building features noted in the remarks include central A/C, in-unit laundry across the apartments, private balconies for the second and third-floor units, and video surveillance in entryways.
For investors or multi-family operators seeking stable, income-producing residential housing, these well-laid-out units offer modern in-unit conveniences, including central air and laundry within each apartment. The mix of ground-level living with patio access and upper-level units with balconies can appeal to a range of 2-bedroom renters while maintaining consistent, straightforward layouts across the buildings.
The property is situated just across the street from Huntingdon Station on the El, supporting commuter-friendly access. Additional building features noted in the remarks include central A/C, in-unit laundry across the apartments, private balconies for the second and third-floor units, and video surveillance in entryways.
For investors or multi-family operators seeking stable, income-producing residential housing, these well-laid-out units offer modern in-unit conveniences, including central air and laundry within each apartment. The mix of ground-level living with patio access and upper-level units with balconies can appeal to a range of 2-bedroom renters while maintaining consistent, straightforward layouts across the buildings.
Key Highlights
- Two fully occupied triplexes at 1802–1804 E. Huntingdon Street
- Built in 2017 with masonry construction
- Each unit includes in‑unit laundry (stacked washer/dryer) and central air
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
$45,358
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
7.56%
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%
$907,160
$907.2K
Cap Rate 7%
$647,971
$648.0K
Cap Rate 9%
$503,978
$504.0K
Market Conditions
NOI Build-Up for 2,658 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
$68.6K $25.80/SF
− Vacancy
−$3.8K −$1.42/SF
EGI
$64.8K $24.38/SF
− OpEx
−$19.4K −$7.31/SF
NOI
$45.4K $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 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%
$907,160
Cap Rate 7%
$647,971
Cap Rate 9%
$503,978
Alternative Uses
Best Use
Multifamily LT 5
$648.0K
$567.0K – $756.0K
NOI $45,358 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$597.3K
$522.6K – $696.8K
NOI $41,809 @ 7.0% cap · market cap 6.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,286
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Two fully occupied triplex buildings with three 2-bedroom units each, featuring central A/C and in-unit laundry.
Where is this triplex located?
The property is located at 1802 E HUNTINGDON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two fully occupied triplexes at 1802–1804 E. Huntingdon Street; Built in 2017 with masonry construction; Each unit includes in‑unit laundry (stacked washer/dryer) and central air
