Modern Three-Unit
New
For Sale
$1,149,000
1642 CAMBRIDGE STREET, Philadelphia, PA 19130
Contemporary construction includes one vacant residence, private outdoor features, and a rooftop deck with city views.
Property Size4,568 SF
Days on Market2
Property Features for 1642 CAMBRIDGE STREET
General Information
Standard status
Active
Size
4,568 SF
Property subtype
Triplex
Units
Unit Mix
1 x 4BR/3BA, 2 x 2BR/2BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,122
Building Details
Building Size
4,568 SF
Year Built
2019
Buildings
1
Listing Agency:
Philadelphia Realty Exchange
(609) 600-4553
Listed By:
Tykey M Jackson · License #RS359431
(609) 600-4553
Source:
Patmckennarealtors
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 3:40AM
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 Philadelphia Realty Exchange
Investment Insights
Based on property information with market context.
Built in 2019, this three-unit triplex offers contemporary multifamily construction with varied layouts and private-entry features. Unit A is a bi-level residence with 4 bedrooms, 3 bathrooms, an open living area, patio access, and in-unit laundry. Unit B includes 2 bedrooms, 2 bathrooms, opposite-end bedroom placement, walk-in closets, and bathroom access. Unit C provides 2 bedrooms, 2 bathrooms, and private rooftop access with city views.
One residence is vacant, while the other two are leased through April 2027 and November 2026. Tenants pay most utilities, and approximately 4 years remain on the property’s tax abatement. The property is in Philadelphia’s Francisville section, minutes from Center City, Temple University, major hospitals, and public transportation.
One residence is vacant, while the other two are leased through April 2027 and November 2026. Tenants pay most utilities, and approximately 4 years remain on the property’s tax abatement. The property is in Philadelphia’s Francisville section, minutes from Center City, Temple University, major hospitals, and public transportation.
Key Highlights
- Three‑unit multifamily property built in 2019
- Unit A offers a bi‑level layout with 4 bedrooms, 3 bathrooms, patio access, and in‑unit laundry
- Unit B features 2 bedrooms, 2 bathrooms, opposite‑end bedrooms, and walk‑in closets
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.9k | $25.80 |
| − Vacancy | −$6.5k | −$1.42 |
| EGI | $111.4k | $24.38 |
| − OpEx | −$33.4k | −$7.31 |
| NOI | $78.0k | $17.06 |
4,568 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$974.4K – $1.30M
NOI $77,952 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$1.03M
$898.2K – $1.20M
NOI $71,852 @ 7.0% cap · market cap 6.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,534
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
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 - Contemporary construction includes one vacant residence, private outdoor features, and a rooftop deck with city views.
Where is this triplex located?
The property is located at 1642 CAMBRIDGE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Three‑unit multifamily property built in 2019; Unit A offers a bi‑level layout with 4 bedrooms, 3 bathrooms, patio access, and in‑unit laundry; Unit B features 2 bedrooms, 2 bathrooms, opposite‑end bedrooms, and walk‑in closets
