Updated Triplex With Laundry
For Sale
$199,000
Pending
1414 S 52ND STREET, Philadelphia, PA 19143
Three refreshed apartments offer one- and two-bedroom layouts with laundry hookups.
Property Size1,652 SF
Days on Market185
Property Features for 1414 S 52ND STREET
General Information
Standard status
Pending
Size
1,652 SF
Property subtype
Triplex
Units
Unit Mix
2 x 1BR, 1 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,268
Amenities
laundry hookups
Building Details
Building Size
1,652 SF
Year Built
1945
Buildings
1
Listing Agency:
TCS Management, LLC
Listed By:
Moshe Adika · License #AB069795
(267) 210-3080
Source:
Patmckennarealtors
Added: Mar 23
Changed: Sep 17
Last Checked: Sep 22 at 10:00PM
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 TCS Management, LLC
Investment Insights
Based on property information with market context.
This triplex, built in 1945, contains three residential apartments: two one-bedroom units and one two-bedroom unit. The property has undergone rehabilitation, with updates incorporated throughout the units. Laundry hookups are included in each apartment, providing a practical feature for residential occupants.
The property is located on S 52nd Street in Philadelphia’s Southwest neighborhood, near Baltimore Avenue. Its unit mix combines two one-bedroom residences with a larger two-bedroom apartment, creating a straightforward multifamily configuration.
The property is located on S 52nd Street in Philadelphia’s Southwest neighborhood, near Baltimore Avenue. Its unit mix combines two one-bedroom residences with a larger two-bedroom apartment, creating a straightforward multifamily configuration.
Key Highlights
- Three‑unit triplex with two one‑bedroom apartments and one two‑bedroom apartment
- Rehabilitated property with recent unit updates
- Laundry hookups in each apartment
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
$17,896
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
8.99%
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%
$357,920
$357.9K
Cap Rate 7%
$255,657
$255.7K
Cap Rate 9%
$198,844
$198.8K
Market Conditions
NOI Build-Up for 1,652 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
$27.6K $16.68/SF
− Vacancy
−$2.0K −$1.20/SF
EGI
$25.6K $15.48/SF
− OpEx
−$7.7K −$4.64/SF
NOI
$17.9K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /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%
$357,920
Cap Rate 7%
$255,657
Cap Rate 9%
$198,844
Alternative Uses
Best Use
Multifamily LT 5
$255.7K
$223.7K – $298.3K
NOI $17,896 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$227.4K
$199.0K – $265.3K
NOI $15,918 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$566.2K
$495.4K – $660.6K
NOI $39,635 @ 7.0% cap · market cap 19.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
Check the figures for this property
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?
Triplex - Three refreshed apartments offer one- and two-bedroom layouts with laundry hookups.
Where is this triplex located?
The property is located at 1414 S 52ND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Three‑unit triplex with two one‑bedroom apartments and one two‑bedroom apartment; Rehabilitated property with recent unit updates; Laundry hookups in each apartment
