Renovated Triplex with
New
For Sale
$475,000
12 N 50TH STREET, Philadelphia, PA 19139
Fully leased multifamily property with renovated units, in-unit laundry, stainless steel appliances, and access to a large backyard.
Property Size2,539 SF
Days on Market5
Property Features for 12 N 50TH STREET
General Information
Standard status
Active
Size
2,539 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$3,015
Building Details
Building Size
2,539 SF
Year Built
1917
Listing Agency:
USRealty.com LLP
Listed By:
David M Sweeney · License #RM424243
(866) 807-9087
Source:
Patmckennarealtors
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 5 at 5:17AM
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 USRealty.com LLP
Investment Insights
Based on property information with market context.
This three-unit residential income property was built in 1917 and recently renovated throughout. The first-floor residence offers two bedrooms and two bathrooms with access to the backyard. The second floor also includes two bedrooms and two bathrooms, while the third-floor unit provides one bedroom. Unit improvements include washer and dryer equipment and stainless steel appliances.
All units are currently rented. The property is positioned near universities and public transportation, adding convenient access to major institutional and transit destinations. Roof maintenance has been completed, and the downspouts have been replaced.
All units are currently rented. The property is positioned near universities and public transportation, adding convenient access to major institutional and transit destinations. Roof maintenance has been completed, and the downspouts have been replaced.
Key Highlights
- Three‑unit property built in 1917
- All units are currently rented
- Unit mix includes two 2‑bedroom/2‑bath units and one 1‑bedroom unit
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
$43,328
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
9.12%
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%
$866,560
$866.6K
Cap Rate 7%
$618,971
$619.0K
Cap Rate 9%
$481,422
$481.4K
Market Conditions
NOI Build-Up for 2,539 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
$65.5K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$61.9K $24.38/SF
− OpEx
−$18.6K −$7.31/SF
NOI
$43.3K $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%
$866,560
Cap Rate 7%
$618,971
Cap Rate 9%
$481,422
Alternative Uses
Best Use
Multifamily LT 5
$619.0K
$541.6K – $722.1K
NOI $43,328 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$570.5K
$499.2K – $665.6K
NOI $39,937 @ 7.0% cap · market cap 8.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,240
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
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 leased multifamily property with renovated units, in-unit laundry, stainless steel appliances, and access to a large backyard.
Where is this triplex located?
The property is located at 12 N 50TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three‑unit property built in 1917; All units are currently rented; Unit mix includes two 2‑bedroom/2‑bath units and one 1‑bedroom unit
