Triplex with
For Sale
$374,900
5818 WOODCREST Avenue, Philadelphia, PA 19131
Multi-Family, PHILADELPHIA, PA
Property Size1,436 SF
Lot Size0.03 Acres
Price / SF$261.07
Days on Market203
Property Features for 5818 WOODCREST Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
Off Street
Appliances
Microwave, Oven/Range - Gas, Refrigerator
Subdivision
WYNNEFIELD
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,436 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6086
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
central air
dishwasher
microwave
garbage disposal
stainless steel appliances
garage
Building Details
Year built
1925
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Tara Management Services Inc
(215) 985-4855
Listed By:
Joseph Waites · License #RS319655
(215) 605-1506
Added: Mar 5
Changed: Sep 22
Last Checked: Sep 24 at 5:06PM
MLS# PAPH2590546
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 1925 masonry triplex contains three residential units: one with three bedrooms, one with two bedrooms, and one with one bedroom. Each apartment includes central air, a dishwasher, microwave, and garbage disposal, while the two- and three-bedroom units also feature stainless steel appliances. The property includes a garage and off-street parking.
All three apartments are occupied under month-to-month leases. The garage is subject to a lease with 7 years remaining on a 10-year term. The property sits on a 0.03-acre lot and contains 1,436 square feet. The Wynnefield setting provides proximity to St. Joseph’s University, City Avenue, the River Drives, the Schuylkill Expressway, and public transportation.
All three apartments are occupied under month-to-month leases. The garage is subject to a lease with 7 years remaining on a 10-year term. The property sits on a 0.03-acre lot and contains 1,436 square feet. The Wynnefield setting provides proximity to St. Joseph’s University, City Avenue, the River Drives, the Schuylkill Expressway, and public transportation.
Key Highlights
- Three‑unit configuration with 3br, 2br, and 1br apartments
- 1,436 square feet on a 0.03‑acre lot
- All units occupied with month‑to‑month leases
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
$24,505
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
6.54%
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%
$490,100
$490.1K
Cap Rate 7%
$350,071
$350.1K
Cap Rate 9%
$272,278
$272.3K
Market Conditions
NOI Build-Up for 1,436 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
$37.0K $25.80/SF
− Vacancy
−$2.0K −$1.42/SF
EGI
$35.0K $24.38/SF
− OpEx
−$10.5K −$7.31/SF
NOI
$24.5K $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%
$490,100
Cap Rate 7%
$350,071
Cap Rate 9%
$272,278
Alternative Uses
Best Use
Multifamily LT 5
$350.1K
$306.3K – $408.4K
NOI $24,505 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$322.7K
$282.4K – $376.5K
NOI $22,588 @ 7.0% cap · market cap 6.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Occupied three-unit property with central air, updated appliances, and off-street parking.
Where is this triplex located?
The property is located at 5818 WOODCREST Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Three‑unit configuration with 3br, 2br, and 1br apartments; 1,436 square feet on a 0.03‑acre lot; All units occupied with month‑to‑month leases
