12-Unit Multifamily
For Sale
$783,333
5986-88 HENRY Avenue, Philadelphia, PA 19128
MULTI_FAMILY - PHILADELPHIA, PA
Property Size3,192 SF
Lot Size0.07 Acres
Price / SF$245.41
Days on Market31
Property Features for 5986-88 HENRY Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement, Dining Room
Parking
4
Parking features
Garage - Attached
Interior features
Combination Dining/Living, Dining Area, Floor Plan - Open, Flat
Appliances
Dishwasher, Disposal, Refrigerator
Subdivision
ROXBOROUGH
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,192 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
11363
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1930
Number of units
4
Building materials
Masonry
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(215) 923-7600
Listed By:
Keith M Stallone · License #RS326084
(267) 606-8502
Added: Jul 14
Last Checked: Aug 13 at 6:06AM
MLS# PAPH2647570
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 for-sale 12-unit multifamily portfolio is offered as a three-building package. The collection includes eight 2-bedroom units and four 1-bedroom units, with all units currently occupied and rents fully up to date. Each unit is designed with separate utilities, dedicated storage, in-building washer/dryer, and a dedicated 1-car garage.
The portfolio is located in Roxborough, with convenient access to Manayunk, Wissahickon Park, Center City, the Main Line, and public transit.
Properties included in the package are listed as 5982-84 (MLS# PAPH2647468), 5986-88 (the provided address), and 5994-96 (MLS# PAPH2647572). The remarks indicate City of Philadelphia licenses are up to date, and showings require the listing agent to be present with POF or pre-approval prior to scheduling.
The portfolio is located in Roxborough, with convenient access to Manayunk, Wissahickon Park, Center City, the Main Line, and public transit.
Properties included in the package are listed as 5982-84 (MLS# PAPH2647468), 5986-88 (the provided address), and 5994-96 (MLS# PAPH2647572). The remarks indicate City of Philadelphia licenses are up to date, and showings require the listing agent to be present with POF or pre-approval prior to scheduling.
Key Highlights
- 12‑unit multifamily portfolio available as a 3‑building package deal, including 5982–84 and 5994–96 Henry Ave
- Unit mix includes eight 2‑bedroom units and four 1‑bedroom units
- Each unit has dedicated 1‑car garage, dedicated storage, and in‑building washer/dryer
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
$50,209
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
6.41%
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%
$1,004,180
$1.0M
Cap Rate 7%
$717,271
$717.3K
Cap Rate 9%
$557,878
$557.9K
Market Conditions
NOI Build-Up for 3,192 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
$96.9K $30.36/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$91.3K $28.60/SF
− OpEx
−$41.1K −$12.87/SF
NOI
$50.2K $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%
$1,004,180
Cap Rate 7%
$717,271
Cap Rate 9%
$557,878
Alternative Uses
Best Use
Apartment 5plus
$717.3K
$627.6K – $836.8K
NOI $50,209 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$778.2K
$680.9K – $907.9K
NOI $54,471 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
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?
Apartment building - Twelve occupied units across three buildings, each with separate utilities, storage, washer/dryer, and a dedicated 1-car garage.
Where is this apartment building located?
The property is located at 5986-88 HENRY Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $783,333.
What are key features of this property?
This property features: 12‑unit multifamily portfolio available as a 3‑building package deal, including 5982–84 and 5994–96 Henry Ave; Unit mix includes eight 2‑bedroom units and four 1‑bedroom units; Each unit has dedicated 1‑car garage, dedicated storage, and in‑building washer/dryer
