Three-Bedroom Rental
For Sale
$199,975
1819 N WILLINGTON Street, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size960 SF
Lot Size0.02 Acres
Price / SF$208.31
Days on Market48
Property Features for 1819 N WILLINGTON Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Subdivision
TEMPLE UNIVERSITY
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
960 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
3520
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1915
Number of units
1
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Danielle Redenbaugh · License #RS371661
(267) 614-3971
Added: Jun 28
Last Checked: Aug 14 at 3:06PM
MLS# PAPH2642020
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 well-maintained single-family rental offers two floors of living space plus an unfinished basement. The home includes a first-floor living area, kitchen, and a half bath, with three bedrooms and one full bath on the second floor. An unfinished basement provides additional storage space. A 24-hour notice is required for all showings.
The property is located in Philadelphia, PA 19121 at 1819 N Willington Street. According to the listing, it is currently generating $20,700 in annual gross rental income with an NOI of $15,525. It is being marketed both individually and as part of a larger package that includes multiple additional properties identified by the MLS numbers provided in the offering.
For investors seeking a straightforward, tenant-ready layout, this 3-bedroom, 1.5-bath configuration is designed to support durable rental use. With in-place income as stated in the listing and an unfinished basement that can help with storage needs, the property may fit buyers looking to add a single-family rental to an existing portfolio or start building one. The offering notes a cap rate of 8.5% as part of the investment summary.
The property is located in Philadelphia, PA 19121 at 1819 N Willington Street. According to the listing, it is currently generating $20,700 in annual gross rental income with an NOI of $15,525. It is being marketed both individually and as part of a larger package that includes multiple additional properties identified by the MLS numbers provided in the offering.
For investors seeking a straightforward, tenant-ready layout, this 3-bedroom, 1.5-bath configuration is designed to support durable rental use. With in-place income as stated in the listing and an unfinished basement that can help with storage needs, the property may fit buyers looking to add a single-family rental to an existing portfolio or start building one. The offering notes a cap rate of 8.5% as part of the investment summary.
Key Highlights
- Single‑family rental built in 1915 with masonry construction
- 3 bedrooms, 1.5 baths with a functional split layout: living area, kitchen, half bath; second floor includes 3 bedrooms and 1 full bath
- Unfinished basement offers additional storage 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
$15,100
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
7.55%
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%
$302,000
$302.0K
Cap Rate 7%
$215,714
$215.7K
Cap Rate 9%
$167,778
$167.8K
Market Conditions
NOI Build-Up for 960 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
$29.1K $30.36/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$27.5K $28.60/SF
− OpEx
−$12.4K −$12.87/SF
NOI
$15.1K $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%
$302,000
Cap Rate 7%
$215,714
Cap Rate 9%
$167,778
Alternative Uses
Best Use
Apartment 5plus
$215.7K
$188.8K – $251.7K
NOI $15,100 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$234.0K
$204.8K – $273.0K
NOI $16,382 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Single-family rental with three bedrooms, 1.5 baths, and an unfinished basement for added storage flexibility.
Where is this single family property located?
The property is located at 1819 N WILLINGTON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,975.
What are key features of this property?
This property features: Single‑family rental built in 1915 with masonry construction; 3 bedrooms, 1.5 baths with a functional split layout: living area, kitchen, half bath; second floor includes 3 bedrooms and 1 full bath; Unfinished basement offers additional storage space
