Masonry Triplex with In-Unit
For Sale
$648,000
149 W SHARPNACK Street, Philadelphia, PA 19119
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size3,456 SF
Lot Size0.06 Acres
Price / SF$187.50
Days on Market58
Property Features for 149 W SHARPNACK Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Appliances
Refrigerator, Oven/Range - Gas, Washer, Dryer
Subdivision
PHILADELPHIA (NORTHWEST)
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,456 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5067
Utilities
Heating system
Hot Water(Heating)
Amenities
in-unit washer/dryer
porch
private backyard
Building Details
Year built
1920
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Keionna Williams · License #RS314871
(215) 908-6330
Added: Jun 18
Changed: Aug 11
Last Checked: Aug 14 at 7:06AM
MLS# PAPH2637662
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.
This 3,456-square-foot triplex includes three distinct residences within a masonry building constructed in 1920. The first unit spans two levels, with a living room, kitchen and dining area, bedroom, two full bathrooms, additional finished living space, storage, a front porch, and access to a private rear yard. The second and third units each provide two bedrooms, an eat-in kitchen and living area, and a full bathroom.
Each residence has its own washer and dryer, separate gas and electric metering, and 100-amp electrical service. A brand-new high-efficiency boiler and water heater serve the property. The 0.0556-acre parcel is located on W SHARPNACK Street in Philadelphia’s West Mt. Airy section, with on-street parking and access to Fairmount Park, Carpenter’s Woods, arboretums, shopping, Weaver’s Way Food Co-ops, bus service, regional rail, and major roadways.
Each residence has its own washer and dryer, separate gas and electric metering, and 100-amp electrical service. A brand-new high-efficiency boiler and water heater serve the property. The 0.0556-acre parcel is located on W SHARPNACK Street in Philadelphia’s West Mt. Airy section, with on-street parking and access to Fairmount Park, Carpenter’s Woods, arboretums, shopping, Weaver’s Way Food Co-ops, bus service, regional rail, and major roadways.
Key Highlights
- Three‑unit triplex with 3,456 SF of building area
- Unit 1 spans two levels and includes two full bathrooms, finished living space, storage, porch, and private backyard
- Units 2 and 3 each offer 2 bedrooms, an eat‑in kitchen and living area, and a full bathroom
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
$58,976
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
9.10%
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%
$1,179,520
$1.2M
Cap Rate 7%
$842,514
$842.5K
Cap Rate 9%
$655,289
$655.3K
Market Conditions
NOI Build-Up for 3,456 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
$89.2K $25.80/SF
− Vacancy
−$4.9K −$1.42/SF
EGI
$84.3K $24.38/SF
− OpEx
−$25.3K −$7.31/SF
NOI
$59.0K $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%
$1,179,520
Cap Rate 7%
$842,514
Cap Rate 9%
$655,289
Alternative Uses
Best Use
Multifamily LT 5
$842.5K
$737.2K – $982.9K
NOI $58,976 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$776.6K
$679.5K – $906.0K
NOI $54,361 @ 7.0% cap · market cap 8.39%
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
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 19119, PA
27,265
Population
13,909
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
8,019
Density / Sq Mi
$81,609
Median Household Income
$54,598
Median Earnings
$1,291
Median Rent
$326,600
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 - The property offers separate gas and electric meters, in-unit laundry, and a new high-efficiency boiler.
Where is this triplex located?
The property is located at 149 W SHARPNACK Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $648,000.
What are key features of this property?
This property features: Three‑unit triplex with 3,456 SF of building area; Unit 1 spans two levels and includes two full bathrooms, finished living space, storage, porch, and private backyard; Units 2 and 3 each offer 2 bedrooms, an eat‑in kitchen and living area, and a full bathroom
