Historic Stone Triplex with Solar
For Sale
$2,950,000
1345 E SUSQUEHANNA Avenue, Philadelphia, PA 19125
Multi-Family, PHILADELPHIA, PA
Property Size17,500 SF
Lot Size0.21 Acres
Price / SF$168.57
Days on Market170
Property Features for 1345 E SUSQUEHANNA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Interior features
2nd Kitchen, Additional Stairway, Efficiency, Exposed Beams, Floor Plan - Open, Kitchen - Island, Studio, Wood Floors
Fireplace
1
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
17,500 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
3945
Utilities
Heating system
Forced Air, Heat Pump (Heating)
Cooling system
Central Air
Amenities
solar panels
courtyard
electric door
fence
photography studio
kitchen
lounge area
makeup corner
full bathroom
sanctuary
stained glass windows
salvaged doors
three-sink vanity
stained glass shower stall
dressing room
basement kitchenette
basement bathrooms
storage
shared laundry
private entrances
six HVAC units
Building Details
Year built
1860
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(215) 923-7600
Listed By:
Dominic V Fuscia · License #RS294492
(215) 605-4280
Added: Mar 17
Changed: Sep 2
Last Checked: Sep 2 at 10:06AM
MLS# PAPH2591284
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.
Built in 1860, this 17,500-square-foot masonry triplex occupies 0.213 acres and incorporates a former church sanctuary, two loft apartments, and an owner’s unit. The property includes a photography studio, kitchen and lounge areas, a makeup area, multiple bathrooms, shared laundry, private apartment entries, and a full basement with 3,500 square feet, 10-foot ceilings, kitchenette, bathrooms, and storage. The sanctuary features a 35-foot ceiling and stained glass windows, while six HVAC units provide heating and cooling across the building.
Exterior improvements include a courtyard with stamped concrete paving, a 22-foot electric door, 2-3 parking spaces, and an 8-foot white cedar fence. The roof was replaced in 2023, downspouts were added in 2022, and mechanical systems have been upgraded. A rooftop solar installation with 128 panels was installed in 2013, supported by four basement inverters. The property is near restaurants, bars, shopping, and The Adaire School catchment, with access to I-95 and Center City Philadelphia.
Exterior improvements include a courtyard with stamped concrete paving, a 22-foot electric door, 2-3 parking spaces, and an 8-foot white cedar fence. The roof was replaced in 2023, downspouts were added in 2022, and mechanical systems have been upgraded. A rooftop solar installation with 128 panels was installed in 2013, supported by four basement inverters. The property is near restaurants, bars, shopping, and The Adaire School catchment, with access to I-95 and Center City Philadelphia.
Key Highlights
- 17,500‑square‑foot masonry triplex on 0.213 acres, built in 1860
- Two loft apartments plus an owner’s unit, with separate electric and gas meters for the lofts
- Full basement contains 3,500 square feet, 10‑foot ceilings, kitchenette, two bathrooms, and storage
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
$207,900
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
7.05%
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%
$4,158,000
$4.2M
Cap Rate 7%
$2,970,000
$3.0M
Cap Rate 9%
$2,310,000
$2.3M
Market Conditions
NOI Build-Up for 17,500 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
$378.0K $21.60/SF
− Vacancy
−$45.4K −$2.59/SF
EGI
$332.6K $19.01/SF
− OpEx
−$124.7K −$7.13/SF
NOI
$207.9K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$4,158,000
Cap Rate 7%
$2,970,000
Cap Rate 9%
$2,310,000
Alternative Uses
Best Use
Multifamily LT 5
$4.27M
$3.73M – $4.98M
NOI $298,636 @ 7.0% cap · market cap 10.12%
Second Best
Apartment 5plus
$3.93M
$3.44M – $4.59M
NOI $275,267 @ 7.0% cap · market cap 9.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
35 ft
Clear height
1
Drive-in doors
3
Residential units
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
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 - Masonry property with separate-metered loft apartments, flexible studio areas, and substantial shared facilities.
Where is this triplex located?
The property is located at 1345 E SUSQUEHANNA Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 17,500‑square‑foot masonry triplex on 0.213 acres, built in 1860; Two loft apartments plus an owner’s unit, with separate electric and gas meters for the lofts; Full basement contains 3,500 square feet, 10‑foot ceilings, kitchenette, two bathrooms, and storage
