New-Construction
For Sale
$625,000
1219 W BUTLER Street, Philadelphia, PA 19140
Multi-Family, PHILADELPHIA, PA
Property Size2,694 SF
Lot Size0.03 Acres
Price / SF$231
Days on Market15
Property Features for 1219 W BUTLER Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Rooms
Basement
Parking features
On Street
Appliances
Dishwasher, Refrigerator, Stainless Steel Appliances, Microwave, WaterHeater, Oven/Range - Electric
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,694 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
5656
Utilities
Heating system
Forced Air
Cooling system
Ductless
Building Details
Year built
2026
Number of units
3
Building materials
Brick, Frame
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Justin Bresson · License #AB067569
(610) 613-7750
Added: Aug 15
Changed: Aug 25
Last Checked: Aug 29 at 2:06AM
MLS# PAPH2659842
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 triplex is under construction with an anticipated 2026 year built and approximately 2,694 square feet of total property size. The configuration includes a bi-level first unit measuring approximately 1,350 square feet with three bedrooms, three baths, and private outdoor space. The second unit contains two bedrooms and two baths across approximately 711 square feet, while the third offers two bedrooms and one bath across approximately 635 square feet.
Interior features include high ceilings, oversized windows, natural light, refined finishes, and brand-new energy-efficient appliances. Appliances include dishwashers, refrigerators, microwaves, electric oven/ranges, and water heaters. The building uses brick and frame construction, forced-air heating, ductless cooling, and on-street parking.
The property is located on W Butler Street in Philadelphia, with access to Center City, Temple University Hospital, and multiple public transportation options. A tax abatement is also noted for the property.
Interior features include high ceilings, oversized windows, natural light, refined finishes, and brand-new energy-efficient appliances. Appliances include dishwashers, refrigerators, microwaves, electric oven/ranges, and water heaters. The building uses brick and frame construction, forced-air heating, ductless cooling, and on-street parking.
The property is located on W Butler Street in Philadelphia, with access to Center City, Temple University Hospital, and multiple public transportation options. A tax abatement is also noted for the property.
Key Highlights
- Three‑unit triplex with approximately 2,694 square feet
- Unit mix includes 3 bed/3 bath, 2 bed/2 bath, and 2 bed/1 bath residences
- Bi‑level Unit 1 measures approximately 1,350 square feet and includes private outdoor 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
$45,973
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
7.36%
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%
$919,460
$919.5K
Cap Rate 7%
$656,757
$656.8K
Cap Rate 9%
$510,811
$510.8K
Market Conditions
NOI Build-Up for 2,694 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
$69.5K $25.80/SF
− Vacancy
−$3.8K −$1.42/SF
EGI
$65.7K $24.38/SF
− OpEx
−$19.7K −$7.31/SF
NOI
$46.0K $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%
$919,460
Cap Rate 7%
$656,757
Cap Rate 9%
$510,811
Alternative Uses
Best Use
Multifamily LT 5
$656.8K
$574.7K – $766.2K
NOI $45,973 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$605.4K
$529.7K – $706.3K
NOI $42,375 @ 7.0% cap · market cap 6.78%
Theoretical Best
—
—
same as Best Use
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
3,430
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
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-unit residential property with distinct layouts, private outdoor space, and energy-efficient appliances.
Where is this triplex located?
The property is located at 1219 W BUTLER Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three‑unit triplex with approximately 2,694 square feet; Unit mix includes 3 bed/3 bath, 2 bed/2 bath, and 2 bed/1 bath residences; Bi‑level Unit 1 measures approximately 1,350 square feet and includes private outdoor space
