Five-Townhome Apartment Package on One
For Sale
$999,999
Pending
107 to 115 W Thompson Street, Philadelphia, PA 19122
Five side-by-side, 3-story townhomes with separate entrances, updated interiors, and one shared lot on a single deed.
Property Size3,308 SF
Days on Market287
Property Features for 107 to 115 W Thompson Street
General Information
Standard status
Pending
Size
3,308 SF
Property subtype
Contingent
Zoning
RSA5
Occupancy
100%
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,994
Amenities
Full
Natural Gas
Yes
Electric
Estimated
Ceiling Fan(s)
No Pool
Public
0.03
No
Sidewalks,Street Lights
Building Details
Building Size
3,308 SF
Year Built
1920
Buildings
5
Stories
3
Construction
trinity townhomes
Listing Agency:
Redfin Corp
(856) 222-0077
Listed By:
Julia Joyce-Hall
(856) 630-4482
Source:
Thetristaterealestategroup
Added: Dec 1, 2025
Changed: Sep 13
Last Checked: Sep 14 at 6:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Redfin Corp
Investment Insights
Based on property information with market context.
107 to 115 W Thompson Street presents a package of five side-by-side, 3-story trinity townhomes offered together on one deed. Each home has separate entrances and shares a separate lot for all five houses, with separate BRT numbers for each building. The homes are fully occupied and each has been updated.
Inside, every townhome offers two large bedrooms and one full bathroom. The first floor layout includes an open living area, dining room, and a large kitchen with appliances, a large sink, and cabinetry. The units also feature newer windows to bring in natural light.
The property was built in 1920 and totals 3,308 SF. There is one water meter for all buildings, supporting a straightforward utilities setup across the package. The homes are situated in the Fishtown/Old Kensington area of Philadelphia, close to public transportation and local shops and dining.
Inside, every townhome offers two large bedrooms and one full bathroom. The first floor layout includes an open living area, dining room, and a large kitchen with appliances, a large sink, and cabinetry. The units also feature newer windows to bring in natural light.
The property was built in 1920 and totals 3,308 SF. There is one water meter for all buildings, supporting a straightforward utilities setup across the package. The homes are situated in the Fishtown/Old Kensington area of Philadelphia, close to public transportation and local shops and dining.
Key Highlights
- Five side‑by‑side, 3‑story trinity townhomes on one deed
- Separate entrances for each townhome
- Separate shared lot for all five houses
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
$52,033
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
5.20%
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%
$1,040,660
$1.0M
Cap Rate 7%
$743,329
$743.3K
Cap Rate 9%
$578,144
$578.1K
Market Conditions
NOI Build-Up for 3,308 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
$100.4K $30.36/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$94.6K $28.60/SF
− OpEx
−$42.6K −$12.87/SF
NOI
$52.0K $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%
$1,040,660
Cap Rate 7%
$743,329
Cap Rate 9%
$578,144
Alternative Uses
Best Use
Apartment 5plus
$743.3K
$650.4K – $867.2K
NOI $52,033 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$806.4K
$705.6K – $940.9K
NOI $56,451 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,571
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five side-by-side, 3-story townhomes with separate entrances, updated interiors, and one shared lot on a single deed.
Where is this apartment building located?
The property is located at 107 to 115 W Thompson Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Five side‑by‑side, 3‑story trinity townhomes on one deed; Separate entrances for each townhome; Separate shared lot for all five houses
