Contemporary Triplex with
For Sale
$449,000
2143 E ARIZONA Street, Philadelphia, PA 19125
Multi-Family, PHILADELPHIA, PA
Property Size1,285 SF
Lot Size0.01 Acres
Price / SF$349.42
Days on Market11
Property Features for 2143 E ARIZONA Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Rooms
Basement
Parking features
On Street
Subdivision
FISHTOWN
High school
KENSINGTON
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,285 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Annual Amount
1252
Utilities
Heating system
Central, Heat Pump (Heating)
Cooling system
Ductless, Central Air
Building Details
Year built
2026
Number of units
3
Building materials
Brick Front, Cast Iron Plumbing, Concrete, Mixed
Architectural style
Contemporary
Listing Agency:
RE/MAX Access · RE/MAX International
(215) 400-2600
Listed By:
Ryan F Gallagher · License #RS287305
(215) 313-2206
Added: Aug 14
Changed: Aug 19
Last Checked: Aug 24 at 4:06AM
MLS# PAPH2659898
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.
Under construction with a projected 2026 completion, this contemporary mixed-use triplex combines a bi-level commercial storefront with two residences across a 1,285-square-foot property. The storefront occupies the first floor and offers street frontage, while the second floor contains a studio apartment. A bi-level one-bedroom residence spans the third and fourth levels, with open living and dining space, a finished kitchen, oversized windows, storage, and a full bath. Construction features include a brick front, concrete and mixed materials, cast iron plumbing, central heating and cooling, a heat pump, and ductless cooling. Separate utilities and low-maintenance construction support distinct commercial and residential operations.
The property is located at 2143 E Arizona Street in Philadelphia’s Fishtown neighborhood, near restaurants, coffee shops, breweries, boutique shopping, and public transportation. On-street parking is available.
The property is located at 2143 E Arizona Street in Philadelphia’s Fishtown neighborhood, near restaurants, coffee shops, breweries, boutique shopping, and public transportation. On-street parking is available.
Key Highlights
- 1,285‑square‑foot mixed‑use triplex under construction
- Bi‑level commercial storefront on the first floor with street frontage
- Second‑floor studio apartment with full bath and contemporary finishes
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
$21,928
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
4.88%
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%
$438,560
$438.6K
Cap Rate 7%
$313,257
$313.3K
Cap Rate 9%
$243,644
$243.6K
Market Conditions
NOI Build-Up for 1,285 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
$33.2K $25.80/SF
− Vacancy
−$1.8K −$1.42/SF
EGI
$31.3K $24.38/SF
− OpEx
−$9.4K −$7.31/SF
NOI
$21.9K $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%
$438,560
Cap Rate 7%
$313,257
Cap Rate 9%
$243,644
Alternative Uses
Best Use
Multifamily LT 5
$313.3K
$274.1K – $365.5K
NOI $21,928 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$288.7K
$252.7K – $336.9K
NOI $20,212 @ 7.0% cap · market cap 4.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,772
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Includes a street-facing commercial storefront and two residential units with contemporary finishes and separate utilities.
Where is this triplex located?
The property is located at 2143 E ARIZONA Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,285‑square‑foot mixed‑use triplex under construction; Bi‑level commercial storefront on the first floor with street frontage; Second‑floor studio apartment with full bath and contemporary finishes
