Three-Unit Multifamily
For Sale
$725,000
1316 North 18th Street, Philadelphia, PA 19121
RSA5-zoned residential income property with voucher and market-rate tenant occupancy.
Property Size2,685 SF
Price / SF$270.02
Days on Market222
Property Features for 1316 North 18th Street
General Information
Standard status
Active
Size
2,685 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA5
Net Operating Income
$53,403
Additional Details
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$2,103
Amenities
No
https://123mainstreetusa.my.canva.site/francisville-porfolio
No Pool
Above Grade, Below Grade
Building Details
Year Built
2018
Buildings
5
Listing Agency:
KW Empower
(267) 813-2985
Listed By:
Richard K Cassell · License #RS330536
(267) 813-2985
Source:
Compass
Added: Jan 21
Changed: Aug 31
Last Checked: Aug 31 at 12:42AM
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 KW Empower
Investment Insights
Based on property information with market context.
This Philadelphia triplex was built in 2018 and contains 2,685 square feet of above-grade and below-grade space. The property is located at 1316 North 18th Street in the 19121 area and is designated RSA5 zoning.
The existing tenant mix includes both voucher and market-rate residents. Remaining abatements are identified as ranging from 2 to 7 years. The property is offered as an individual multifamily asset, with additional portfolio properties referenced separately in the marketing information.
The existing tenant mix includes both voucher and market-rate residents. Remaining abatements are identified as ranging from 2 to 7 years. The property is offered as an individual multifamily asset, with additional portfolio properties referenced separately in the marketing information.
Key Highlights
- Triplex with 2,685 square feet of property size
- Built in 2018
- RSA5 zoning designation
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
$45,819
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
6.32%
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%
$916,380
$916.4K
Cap Rate 7%
$654,557
$654.6K
Cap Rate 9%
$509,100
$509.1K
Market Conditions
NOI Build-Up for 2,685 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
$69.3K $25.80/SF
− Vacancy
−$3.8K −$1.42/SF
EGI
$65.5K $24.38/SF
− OpEx
−$19.6K −$7.31/SF
NOI
$45.8K $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%
$916,380
Cap Rate 7%
$654,557
Cap Rate 9%
$509,100
Alternative Uses
Best Use
Multifamily LT 5
$654.6K
$572.7K – $763.7K
NOI $45,819 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$603.3K
$527.9K – $703.9K
NOI $42,234 @ 7.0% cap · market cap 5.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
3,121
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - RSA5-zoned residential income property with voucher and market-rate tenant occupancy.
Where is this triplex located?
The property is located at 1316 North 18th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Triplex with 2,685 square feet of property size; Built in 2018; RSA5 zoning designation
