Three-Bedroom Residential Income
For Sale
$474,900
1716 CAMBRIDGE STREET Unit 4, Philadelphia, PA 19130
Multi-level residence with updated finishes, two balconies, roof access, and three full bathrooms.
Property Size2,031 SF
Days on Market19
Property Features for 1716 CAMBRIDGE STREET Unit 4
General Information
Standard status
Active
Size
2,031 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$740
Building Details
Building Size
2,031 SF
Year Built
2019
Listing Agency:
Hampton Preferred Real Estate Inc
(215) 357-3900
Listed By:
David G Teitelman · License #RM419948
(215) 357-3900
Source:
Patmckennarealtors
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 31 at 12:18AM
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 Hampton Preferred Real Estate Inc
Investment Insights
Based on property information with market context.
Built in 2019, this multi-level residential income property offers three bedrooms and three full bathrooms across a thoughtfully arranged interior. The main level combines living, dining, and kitchen areas, with white shaker cabinetry, stainless steel appliances, quartz countertops, a ceramic tile backsplash, luxury plank flooring, and light gray interior paint. A balcony extends from the living room.
The upper levels add a wet bar, laundry closet, primary suite, and third bedroom with its own bathroom. The primary bathroom includes a soaking tub, glass-enclosed shower, and double vanity. A second balcony serves the primary bedroom, while the highest level provides roof access that can function as outdoor space.
The property is identified as eligible for the Freddie Mac First Look program through 09/13/2026.
The upper levels add a wet bar, laundry closet, primary suite, and third bedroom with its own bathroom. The primary bathroom includes a soaking tub, glass-enclosed shower, and double vanity. A second balcony serves the primary bedroom, while the highest level provides roof access that can function as outdoor space.
The property is identified as eligible for the Freddie Mac First Look program through 09/13/2026.
Key Highlights
- Three‑bedroom, three‑bathroom residential income property built in 2019
- Kitchen includes white shaker cabinets, stainless steel appliances, quartz counters, and ceramic tile backsplash
- Two balconies plus roof access that can serve as outdoor space
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
$31,947
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
6.73%
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%
$638,940
$638.9K
Cap Rate 7%
$456,386
$456.4K
Cap Rate 9%
$354,967
$355.0K
Market Conditions
NOI Build-Up for 2,031 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
$61.7K $30.36/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$58.1K $28.60/SF
− OpEx
−$26.1K −$12.87/SF
NOI
$31.9K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$638,940
Cap Rate 7%
$456,386
Cap Rate 9%
$354,967
Alternative Uses
Best Use
Apartment 5plus
$456.4K
$399.3K – $532.5K
NOI $31,947 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$495.1K
$433.2K – $577.7K
NOI $34,659 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,556
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Multi-level residence with updated finishes, two balconies, roof access, and three full bathrooms.
Where is this residential income property located?
The property is located at 1716 CAMBRIDGE STREET Unit 4 Philadelphia, PA.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Three‑bedroom, three‑bathroom residential income property built in 2019; Kitchen includes white shaker cabinets, stainless steel appliances, quartz counters, and ceramic tile backsplash; Two balconies plus roof access that can serve as outdoor space
