Brick Triplex with Separate
For Sale
$389,900
1319 E LYCOMING STREET, Philadelphia, PA 19124
Occupied apartments offer individual utilities and in-unit laundry facilities.
Property Size1,248 SF
Days on Market234
Property Features for 1319 E LYCOMING STREET
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$2,904
Building Details
Building Size
1,248 SF
Year Built
1923
Listing Agency:
RE/MAX Preferred - Cherry Hill
(609) 352-5803
Listed By:
ARAFAT FARHAT · License #RS352372
(609) 352-5803
Source:
Patmckennarealtors
Added: Jan 9
Changed: Aug 28
Last Checked: Aug 30 at 10:29PM
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 RE/MAX Preferred - Cherry Hill
Investment Insights
Based on property information with market context.
This 1923 Philadelphia triplex is a corner-positioned brick building with three residential units. Each apartment has its own utility service and an in-unit washer and dryer. The configuration includes a basement one-bedroom, one-bath apartment, plus two additional residences on the first and second floors, each with two bedrooms and one bath.
The property is in the Juniata section of Philadelphia and is fully rented. It requires some repair work and will transfer in its present condition, providing a straightforward multifamily asset with an established occupancy profile.
The property is in the Juniata section of Philadelphia and is fully rented. It requires some repair work and will transfer in its present condition, providing a straightforward multifamily asset with an established occupancy profile.
Key Highlights
- Three‑unit brick multifamily property built in 1923
- Separate utilities serve all three apartments
- In‑unit washer/dryers included in each residence
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
$16,081
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
4.12%
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%
$321,620
$321.6K
Cap Rate 7%
$229,729
$229.7K
Cap Rate 9%
$178,678
$178.7K
Market Conditions
NOI Build-Up for 1,248 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
$24.7K $19.80/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$23.0K $18.41/SF
− OpEx
−$6.9K −$5.52/SF
NOI
$16.1K $12.89/SF
Area
ZIP 19124
Vacancy
7.03%
Lease Rate
$19.80 /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%
$321,620
Cap Rate 7%
$229,729
Cap Rate 9%
$178,678
Alternative Uses
Best Use
Multifamily LT 5
$229.7K
$201.0K – $268.0K
NOI $16,081 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$211.4K
$185.0K – $246.6K
NOI $14,797 @ 7.0% cap · market cap 3.80%
Theoretical Best
Specialty Retail
$717.9K
$628.1K – $837.5K
NOI $50,250 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
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 - Occupied apartments offer individual utilities and in-unit laundry facilities.
Where is this triplex located?
The property is located at 1319 E LYCOMING STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Three‑unit brick multifamily property built in 1923; Separate utilities serve all three apartments; In‑unit washer/dryers included in each residence
