Fully Occupied Triplex
For Sale
$525,000
824 S ST BERNARD, Philadelphia, PA 19143
Multi-Family, PHILADELPHIA, PA
Property Size2,484 SF
Lot Size0.05 Acres
Price / SF$211.35
Days on Market53
Property Features for 824 S ST BERNARD
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,484 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7770
Utilities
Heating system
Forced Air
Building Details
Year built
1920
Number of units
3
Building materials
Masonry
Listing Agency:
New Age Realty Group Inc
(215) 387-1002
Listed By:
Nicole Caprario · License #RS320794
(215) 387-1002
Added: Jul 9
Changed: Aug 19
Last Checked: Aug 30 at 4:06AM
MLS# PAPH2643272
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 fully occupied triplex at 824 S St Bernard Street offers three separate rental units: one three-bedroom unit and two two-bedroom units. The front porch and first floor apartment have been recently renovated, supporting day-to-day tenant usability. Tenants also have access to shared coin-operated laundry in the basement, along with a shared backyard.
The property is located in Philadelphia, PA 19143. The surrounding area includes nearby university and commercial activity referenced in the remarks, including UPenn, Clark Park, Drexel University, and restaurants and shops along the Baltimore Avenue commercial corridor.
The building’s unit mix provides three independent income streams within a single multifamily structure.
The property is located in Philadelphia, PA 19143. The surrounding area includes nearby university and commercial activity referenced in the remarks, including UPenn, Clark Park, Drexel University, and restaurants and shops along the Baltimore Avenue commercial corridor.
The building’s unit mix provides three independent income streams within a single multifamily structure.
Key Highlights
- Fully occupied triplex with three separate units (one 3‑bedroom and two 2‑bedroom units)
- Front porch and first‑floor apartment have been recently renovated
- Shared coin‑op laundry available in the basement for tenants
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
$26,909
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
5.13%
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%
$538,180
$538.2K
Cap Rate 7%
$384,414
$384.4K
Cap Rate 9%
$298,989
$299.0K
Market Conditions
NOI Build-Up for 2,484 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
$41.4K $16.68/SF
− Vacancy
−$3.0K −$1.20/SF
EGI
$38.4K $15.48/SF
− OpEx
−$11.5K −$4.64/SF
NOI
$26.9K $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%
$538,180
Cap Rate 7%
$384,414
Cap Rate 9%
$298,989
Alternative Uses
Best Use
Multifamily LT 5
$384.4K
$336.4K – $448.5K
NOI $26,909 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$341.9K
$299.2K – $398.9K
NOI $23,935 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$851.4K
$745.0K – $993.3K
NOI $59,597 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,983
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 - Fully occupied triplex with one three-bedroom and two two-bedroom units, plus shared laundry and backyard.
Where is this triplex located?
The property is located at 824 S ST BERNARD Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully occupied triplex with three separate units (one 3‑bedroom and two 2‑bedroom units); Front porch and first‑floor apartment have been recently renovated; Shared coin‑op laundry available in the basement for tenants
