Masonry
For Sale
$539,000
2255 N 12TH Street, Philadelphia, PA 19133
Multi-Family, PHILADELPHIA, PA
Property Size3,132 SF
Lot Size0.03 Acres
Price / SF$172.09
Days on Market145
Property Features for 2255 N 12TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,132 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2081
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2015
Number of units
3
Building materials
Masonry
Listing Agency:
Wynn Real Estate LLC
(215) 938-1777
Listed By:
Irina Wynn · License #RB066169
(215) 421-7867
Added: Apr 13
Changed: Sep 3
Last Checked: Sep 4 at 9:06AM
MLS# PAPH2607548
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 Philadelphia triplex contains 3,132 square feet across three residential units and was constructed in 2015. Masonry construction, central air conditioning, and forced-air heating support the building’s core physical systems, while off-street parking is provided on the property. The asset occupies 0.028 acres.
Located at 2255 N 12th Street in Philadelphia, PA 19133, the property is positioned near public transportation, major roadways, and neighborhood amenities. The building is fully leased, providing an established operating profile for a multifamily buyer.
Located at 2255 N 12th Street in Philadelphia, PA 19133, the property is positioned near public transportation, major roadways, and neighborhood amenities. The building is fully leased, providing an established operating profile for a multifamily buyer.
Key Highlights
- Fully leased triplex with three residential units
- 3,132 square feet on 0.028 acres
- Constructed in 2015 with masonry construction
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
$49,265
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
9.14%
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%
$985,300
$985.3K
Cap Rate 7%
$703,786
$703.8K
Cap Rate 9%
$547,389
$547.4K
Market Conditions
NOI Build-Up for 3,132 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
$95.1K $30.36/SF
− Vacancy
−$5.5K −$1.76/SF
EGI
$89.6K $28.60/SF
− OpEx
−$40.3K −$12.87/SF
NOI
$49.3K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$985,300
Cap Rate 7%
$703,786
Cap Rate 9%
$547,389
Alternative Uses
Best Use
Multifamily LT 5
$763.5K
$668.1K – $890.8K
NOI $53,447 @ 7.0% cap · market cap 9.92%
Second Best
Apartment 5plus
$703.8K
$615.8K – $821.1K
NOI $49,265 @ 7.0% cap · market cap 9.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
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 - Fully leased three-unit property with central air, forced-air heating, and off-street parking in Philadelphia.
Where is this triplex located?
The property is located at 2255 N 12TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Fully leased triplex with three residential units; 3,132 square feet on 0.028 acres; Constructed in 2015 with masonry construction
