Three-Unit Apartment
For Sale
$299,900
1127 COTTMAN AVENUE, Philadelphia, PA 19111
Three one-bedroom apartments are complemented by an unfinished basement.
Property Size1,800 SF
Lot Size0.08 Acres
Price / SF$166.61
Days on Market9
Property Features for 1127 COTTMAN AVENUE
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.08 Acres
Property subtype
Triplex
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Building Details
Year Built
1953
Buildings
1
Listing Agency:
Compass Pennsylvania, LLC
(215) 284-9432
Listed By:
Tom Englett · License #RS277112
(215) 284-9432
Source:
Cummingsrealtors
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 5:59AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This 1,800-square-foot triplex, built in 1953, contains three one-bedroom apartments and an unfinished basement. The property has received updates to portions of its plumbing, HVAC, and electrical systems, along with newer roofing. Its 31' x 118' lot provides the footprint for the existing multifamily configuration.
Located at 1127 COTTMAN AVENUE in Philadelphia, the property offers access to transportation, shopping, and neighborhood amenities. The three-unit layout and basement provide a defined residential income configuration with additional unfinished space.
Located at 1127 COTTMAN AVENUE in Philadelphia, the property offers access to transportation, shopping, and neighborhood amenities. The three-unit layout and basement provide a defined residential income configuration with additional unfinished space.
Key Highlights
- Three one‑bedroom apartments within a triplex configuration
- 1,800 square feet on a 31' x 118' lot
- Unfinished basement offers additional interior 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
$24,167
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
8.06%
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%
$483,340
$483.3K
Cap Rate 7%
$345,243
$345.2K
Cap Rate 9%
$268,522
$268.5K
Market Conditions
NOI Build-Up for 1,800 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
$35.6K $19.80/SF
− Vacancy
−$1.1K −$0.62/SF
EGI
$34.5K $19.18/SF
− OpEx
−$10.4K −$5.75/SF
NOI
$24.2K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
Lease Rate
$19.80 /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%
$483,340
Cap Rate 7%
$345,243
Cap Rate 9%
$268,522
Alternative Uses
Best Use
Multifamily LT 5
$345.2K
$302.1K – $402.8K
NOI $24,167 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$318.4K
$278.6K – $371.5K
NOI $22,287 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$545.7K
$477.5K – $636.7K
NOI $38,202 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,245
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
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 - Three one-bedroom apartments are complemented by an unfinished basement.
Where is this triplex located?
The property is located at 1127 COTTMAN AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Three one‑bedroom apartments within a triplex configuration; 1,800 square feet on a 31' x 118' lot; Unfinished basement offers additional interior space
