Modern End-Unit
For Sale
$900,000
727 North 39th Street, Philadelphia, PA 19104
Three leased residences feature contemporary finishes, private outdoor areas, and in-unit laundry within a newer Philadelphia property.
Property Size3,593 SF
Price / SF$250.49
Days on Market600
Property Features for 727 North 39th Street
General Information
Standard status
Active
Size
3,593 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA5
Occupancy
100%
Units
Unit Mix
1 x 4BR/3BA, 1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$596
Amenities
in-unit laundry
stainless steel appliances
hardwood floors
high ceilings
recessed lighting
No
Built-In Range, Built-In Microwave, Dishwasher, Refrigerator, Stainless Steel Appliances, Washer, Dryer
Kitchen - Eat-In, Recessed Lighting, Wood Floors, Dining Area, Bathroom - Tub Shower, Floor Plan - Open
https://vimeo.com/1076165941?share=copy
No Pool
Above Grade, Below Grade
Balcony, Patio(s)
Building Details
Year Built
2021
Buildings
1
Listing Agency:
Keller Williams Realty - Kennett Square
(484) 888-3177
Listed By:
Deneen Sweeney · License #RS323144
(484) 888-3177
Source:
Compass
Added: Jan 8, 2025
Changed: Aug 30
Last Checked: Aug 30 at 4:23PM
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 Keller Williams Realty - Kennett Square
Investment Insights
Based on property information with market context.
Built in 2021, this end-unit triplex contains three fully leased residences with modern interiors, high ceilings, recessed lighting, and hardwood flooring. Each unit includes an eat-in kitchen with stainless steel appliances, white cabinetry, and in-unit laundry. The property also offers a mix of private outdoor spaces, including a backyard, balcony, and patio areas.
The residences include a bi-level 4-bedroom, 3-bathroom layout, a 2-bedroom, 2-bathroom unit, and a 3-bedroom, 2-bathroom unit, totaling 3,593 square feet. Tenants are responsible for utilities and snow removal, while street parking is available. The property is located near restaurants, shops, public transportation, Drexel University, and other major universities. Bus service is less than 1 mile away, and the airport is less than 10 miles from the property.
The residences include a bi-level 4-bedroom, 3-bathroom layout, a 2-bedroom, 2-bathroom unit, and a 3-bedroom, 2-bathroom unit, totaling 3,593 square feet. Tenants are responsible for utilities and snow removal, while street parking is available. The property is located near restaurants, shops, public transportation, Drexel University, and other major universities. Bus service is less than 1 mile away, and the airport is less than 10 miles from the property.
Key Highlights
- 2021‑built end‑unit triplex with 3,593 square feet
- Three fully leased rental units
- Unit mix includes 4BR/3BA, 2BR/2BA, and 3BR/2BA residences
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
$61,314
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
6.81%
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%
$1,226,280
$1.2M
Cap Rate 7%
$875,914
$875.9K
Cap Rate 9%
$681,267
$681.3K
Market Conditions
NOI Build-Up for 3,593 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
$92.7K $25.80/SF
− Vacancy
−$5.1K −$1.42/SF
EGI
$87.6K $24.38/SF
− OpEx
−$26.3K −$7.31/SF
NOI
$61.3K $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%
$1,226,280
Cap Rate 7%
$875,914
Cap Rate 9%
$681,267
Alternative Uses
Best Use
Multifamily LT 5
$875.9K
$766.4K – $1.02M
NOI $61,314 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$807.4K
$706.5K – $941.9K
NOI $56,516 @ 7.0% cap · market cap 6.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,382
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
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 - Three leased residences feature contemporary finishes, private outdoor areas, and in-unit laundry within a newer Philadelphia property.
Where is this triplex located?
The property is located at 727 North 39th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 2021‑built end‑unit triplex with 3,593 square feet; Three fully leased rental units; Unit mix includes 4BR/3BA, 2BR/2BA, and 3BR/2BA residences
