Three-Unit Income
For Sale
$425,000
145 East Durham Street, Philadelphia, PA 19119
As-is three-unit property with two month-to-month occupied floors and one vacant unit.
Property Size2,386 SF
Price / SF$178.12
Days on Market473
Property Features for 145 East Durham Street
General Information
Standard status
Active
Size
2,386 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA3
Taxes and HOA fees
Annual Taxes
$5,023
Amenities
Yes
Built-In Range, Refrigerator
Double Entry
Energy Efficient
1
Additional Stairway, Bathroom - Tub Shower, Combination Dining/Living, Carpet, Walk-in Closet(s)
Carbon Monoxide Detector(s), Fire Detection System
No
No Pool
Above Grade, Below Grade
Sidewalks, Street Lights
Building Details
Year Built
1925
Stories
3
Listing Agency:
Alliance Real Estate
(215) 224-2101
Listed By:
Doreen Franklin-Burrows · License #RS297102
(215) 224-2101
Source:
Compass
Added: May 9, 2025
Changed: Aug 24
Last Checked: Jul 26 at 3:38AM
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 Alliance Real Estate
Investment Insights
Based on property information with market context.
This three-unit income property is offered for sale As Is, with no repairs to be completed by the seller. A 1-year home warranty plan is being provided with the sale. The first and third floors are currently occupied on month-to-month leases, while the second floor is vacant.
The investor has the ability to set their own rent for the occupied units at the time of taking over. Both tenants have a long rental history.
The property is configured as a triplex, with vertical unit separation across the three floors.
The investor has the ability to set their own rent for the occupied units at the time of taking over. Both tenants have a long rental history.
The property is configured as a triplex, with vertical unit separation across the three floors.
Key Highlights
- As‑is three‑unit property with two month‑to‑month occupied floors and one vacant unit
- Year built 1925 with brick/mortar and concrete perimeter foundation
- Basement includes other, daylight, and full basement (basement present)
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
$37,531
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
8.83%
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%
$750,620
$750.6K
Cap Rate 7%
$536,157
$536.2K
Cap Rate 9%
$417,011
$417.0K
Market Conditions
NOI Build-Up for 2,386 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
$72.4K $30.36/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$68.2K $28.60/SF
− OpEx
−$30.7K −$12.87/SF
NOI
$37.5K $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%
$750,620
Cap Rate 7%
$536,157
Cap Rate 9%
$417,011
Alternative Uses
Best Use
Multifamily LT 5
$581.7K
$509.0K – $678.6K
NOI $40,717 @ 7.0% cap · market cap 9.58%
Second Best
Apartment 5plus
$536.2K
$469.1K – $625.5K
NOI $37,531 @ 7.0% cap · market cap 8.83%
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
997
Businesses Nearby
Explore this area
Business Placement
Demographics for 19119, PA
27,265
Population
13,909
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
8,019
Density / Sq Mi
$81,609
Median Household Income
$54,598
Median Earnings
$1,291
Median Rent
$326,600
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 - As-is three-unit property with two month-to-month occupied floors and one vacant unit.
Where is this triplex located?
The property is located at 145 East Durham Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: As‑is three‑unit property with two month‑to‑month occupied floors and one vacant unit; Year built 1925 with brick/mortar and concrete perimeter foundation; Basement includes other, daylight, and full basement (basement present)
