Corner Triplex with Vacant 2-Bed
For Sale
$630,000
4843 WALTON Avenue, Philadelphia, PA 19143
MULTI_FAMILY - Victorian - PHILADELPHIA, PA
Property Size2,916 SF
Lot Size0.04 Acres
Price / SF$216.05
Days on Market101
Property Features for 4843 WALTON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Subdivision
UNIVERSITY CITY
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
2,916 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6458
Utilities
Heating system
Radiant
Amenities
front porch
yard
Building Details
Year built
1925
Number of units
3
Building materials
Masonry, Brick
Architectural style
Victorian
Listing Agency:
Realty ONE Group Focus
(215) 396-8117
Listed By:
Lisa Carpino · License #RS355638
(267) 258-8220
Added: May 7
Changed: Aug 3
Last Checked: Aug 15 at 4:06AM
MLS# PAPH2611168
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 corner Victorian triplex is designed for income production, featuring two tenant-occupied units and a vacant first-floor 2-bedroom, 1-bath unit. The property includes a functional layout for each unit with abundant natural light, along with updates described as throughout the home. A welcoming front porch adds tenant appeal, complemented by side and rear yard space.
Constructed of masonry brick and built in 1925, the home is heated with radiant heat. Parking is available on-street, and the property includes a basement.
Located in University City (Philadelphia), the triplex is positioned for renters who want close access to UPenn and Drexel, major hospitals, and regional employment centers. Convenience to trolley and bus service, regional rail, Center City, Clark Park, and the Baltimore Avenue corridor is highlighted in the surrounding area description.
Constructed of masonry brick and built in 1925, the home is heated with radiant heat. Parking is available on-street, and the property includes a basement.
Located in University City (Philadelphia), the triplex is positioned for renters who want close access to UPenn and Drexel, major hospitals, and regional employment centers. Convenience to trolley and bus service, regional rail, Center City, Clark Park, and the Baltimore Avenue corridor is highlighted in the surrounding area description.
Key Highlights
- Corner triplex in University City with two tenant‑occupied units plus a vacant first‑floor 2‑bedroom, 1‑bath unit
- Masonry brick Victorian construction built in 1925
- Front porch plus side and rear yard space
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
$31,589
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
5.01%
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%
$631,780
$631.8K
Cap Rate 7%
$451,271
$451.3K
Cap Rate 9%
$350,989
$351.0K
Market Conditions
NOI Build-Up for 2,916 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
$48.6K $16.68/SF
− Vacancy
−$3.5K −$1.20/SF
EGI
$45.1K $15.48/SF
− OpEx
−$13.5K −$4.64/SF
NOI
$31.6K $10.83/SF
Area
ZIP 19143
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%
$631,780
Cap Rate 7%
$451,271
Cap Rate 9%
$350,989
Alternative Uses
Best Use
Multifamily LT 5
$451.3K
$394.9K – $526.5K
NOI $31,589 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$401.4K
$351.2K – $468.3K
NOI $28,097 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$999.5K
$874.5K – $1.17M
NOI $69,962 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
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 - Brick Victorian triplex with two occupied units and a vacant first-floor 2-bedroom, 1-bath unit.
Where is this triplex located?
The property is located at 4843 WALTON Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Corner triplex in University City with two tenant‑occupied units plus a vacant first‑floor 2‑bedroom, 1‑bath unit; Masonry brick Victorian construction built in 1925; Front porch plus side and rear yard space
