Corner 4-Unit
For Sale
$850,000
141 W YORK STREET, Philadelphia, PA 19133
Four two-bedroom residences offer a mix of full and half-bath layouts, with private outdoor areas in three units.
Property Size3,723 SF
Days on Market8
Property Features for 141 W YORK STREET
General Information
Standard status
Active
Size
3,723 SF
Property subtype
Quadruplex
Units
Unit Mix
1 x 2BR/2BA, 3 x 2BR/2.5BA
Multifamily Units
4
Additional Details
Gross Income
$80,760
Taxes and HOA fees
Annual Taxes
$2,986
Building Details
Building Size
3,723 SF
Year Built
2022
Buildings
1
Listing Agency:
Fifth Realty
Listed By:
Ronit Caplan · License #RS349229
(267) 994-9255
Source:
Lizclarkrealestate
Added: Sep 25
Changed: Sep 28
Last Checked: Oct 1 at 5:56PM
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 Fifth Realty
Investment Insights
Based on property information with market context.
Completed in 2022, this Philadelphia quadplex contains four two-bedroom residences. One unit has two full bathrooms; the other three each have two full bathrooms and a half bath. Private outdoor space includes a backyard for one residence and balconies for two others. The building also has modern interior finishes and occupies a corner lot.
Approximately six years remain on the property’s tax abatement. The address is 141 W York Street, Philadelphia, Pennsylvania 19133.
Approximately six years remain on the property’s tax abatement. The address is 141 W York Street, Philadelphia, Pennsylvania 19133.
Key Highlights
- Four two‑bedroom residences
- Built in 2022
- One unit has 2 bathrooms; three units have 2.5 bathrooms each
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
$63,533
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
7.47%
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%
$1,270,660
$1.3M
Cap Rate 7%
$907,614
$907.6K
Cap Rate 9%
$705,922
$705.9K
Market Conditions
NOI Build-Up for 3,723 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
$96.1K $25.80/SF
− Vacancy
−$5.3K −$1.42/SF
EGI
$90.8K $24.38/SF
− OpEx
−$27.2K −$7.31/SF
NOI
$63.5K $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%
$1,270,660
Cap Rate 7%
$907,614
Cap Rate 9%
$705,922
Alternative Uses
Best Use
Multifamily LT 5
$907.6K
$794.2K – $1.06M
NOI $63,533 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$836.6K
$732.0K – $976.0K
NOI $58,561 @ 7.0% cap · market cap 6.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,515
Businesses Nearby
Explore this area
Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences offer a mix of full and half-bath layouts, with private outdoor areas in three units.
Where is this quadplex located?
The property is located at 141 W YORK STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four two‑bedroom residences; Built in 2022; One unit has 2 bathrooms; three units have 2.5 bathrooms each
