Renovated Triplex With Attached
For Sale
$394,998
301 W RUSCOMB Street, Philadelphia, PA 19120
Multi-Family, PHILADELPHIA, PA
Property Size2,016 SF
Lot Size0.04 Acres
Price / SF$195.93
Days on Market39
Property Features for 301 W RUSCOMB Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
10
Parking features
Garage - Attached, On Street
Subdivision
OLNEY
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,016 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2865
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1930
Number of units
4
Building materials
Masonry
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Alexander Taggart Penn · License #RS352834
(610) 937-7122
Added: Jul 22
Changed: Aug 27
Last Checked: Aug 29 at 12:06PM
MLS# PAPH2651002
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 currently vacant residential units along with an oversized attached garage and warehouse area. The residential layout includes two 2-bedroom, 1-bath units and one studio with a full bath. Recent improvements include replacement windows, kitchen cabinetry, quartz countertops, stainless steel appliances, updated bathrooms, new flooring, recessed lighting, heating systems, water heaters, and central air conditioning. Separate utility meters serve each unit.
The attached garage and warehouse space accommodates 10+ vehicles and can support vehicle storage, contractor operations, workshop use, or other business activities identified in the property information. The building contains 2,016 square feet on a 0.0412-acre lot, with attached garage parking and on-street parking. Built in 1930, the property is located in Philadelphia, Pennsylvania, and is served by forced-air heating and central air conditioning.
The attached garage and warehouse space accommodates 10+ vehicles and can support vehicle storage, contractor operations, workshop use, or other business activities identified in the property information. The building contains 2,016 square feet on a 0.0412-acre lot, with attached garage parking and on-street parking. Built in 1930, the property is located in Philadelphia, Pennsylvania, and is served by forced-air heating and central air conditioning.
Key Highlights
- Three vacant residential units: two 2‑bedroom, 1‑bath units and one studio with a full bath
- Oversized attached garage and warehouse space accommodates 10+ vehicles
- 2,016 square feet on a 0.0412‑acre lot
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
$21,839
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
5.53%
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%
$436,780
$436.8K
Cap Rate 7%
$311,986
$312.0K
Cap Rate 9%
$242,656
$242.7K
Market Conditions
NOI Build-Up for 2,016 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
$33.6K $16.68/SF
− Vacancy
−$2.4K −$1.20/SF
EGI
$31.2K $15.48/SF
− OpEx
−$9.4K −$4.64/SF
NOI
$21.8K $10.83/SF
Area
ZIP 19120
Vacancy
7.22%
Lease Rate
$16.68 /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%
$436,780
Cap Rate 7%
$311,986
Cap Rate 9%
$242,656
Alternative Uses
Best Use
Multifamily LT 5
$312.0K
$273.0K – $364.0K
NOI $21,839 @ 7.0% cap · market cap 5.53%
Second Best
Warehouse
$294.6K
$257.8K – $343.7K
NOI $20,621 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$481.6K
$421.4K – $561.8K
NOI $33,710 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three vacant residences accompany flexible garage and warehouse space suitable for storage, workshop, or business use.
Where is this triplex located?
The property is located at 301 W RUSCOMB Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $394,998.
What are key features of this property?
This property features: Three vacant residential units: two 2‑bedroom, 1‑bath units and one studio with a full bath; Oversized attached garage and warehouse space accommodates 10+ vehicles; 2,016 square feet on a 0.0412‑acre lot
