Three-Unit
New
For Sale
$562,000
1841 N 33Rd Street, Philadelphia, PA 19121
Three residential units include two three-bedroom layouts and one two-bedroom layout, each with two bathrooms.
Property Size2,790 SF
Price / SF$201.43
Days on Market6
Property Features for 1841 N 33Rd Street
General Information
Standard status
Active
Size
2,790 SF
Property subtype
Multi-Family
Zoning
MULTI
Units
Unit Mix
2 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,174
Amenities
full basement
Full,Unfinished
Electric
Yes
No
Assessor
2
No Pool
Public
U50
20.00 x 92.00
0.04
On Street
Brick/Mortar
59640.00
Building Details
Building Size
2,790 SF
Year Built
1915
Listing Agency:
Delphi Property Group, LLC
(856) 222-0077
Listed By:
Christopher Twardy · License #1540241
(609) 304-2314
Source:
Thetristaterealestategroup
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 14 at 7:14AM
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 Delphi Property Group, LLC
Investment Insights
Based on property information with market context.
This Philadelphia triplex rowhome contains 2,790 square feet of property area and was built in 1915. The configuration includes two three-bedroom, two-bath units and one two-bedroom, two-bath unit, providing three separate residential layouts within the building. A full unfinished basement adds storage space, while the brick and mortar exterior reinforces the building’s traditional rowhome construction.
The property is located at 1841 N 33rd Street in Philadelphia, Pennsylvania, within the MULTI zoning designation. The parcel measures 20.00 x 92.00 feet and encompasses 0.04 acres. On-street parking serves the property, and public water service is identified in the property information.
The property is located at 1841 N 33rd Street in Philadelphia, Pennsylvania, within the MULTI zoning designation. The parcel measures 20.00 x 92.00 feet and encompasses 0.04 acres. On-street parking serves the property, and public water service is identified in the property information.
Key Highlights
- Three‑unit triplex rowhome in Philadelphia
- Two 3‑bedroom / 2‑bath units and one 2‑bedroom / 2‑bath unit
- 2,790 property size
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
$47,611
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
8.47%
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%
$952,220
$952.2K
Cap Rate 7%
$680,157
$680.2K
Cap Rate 9%
$529,011
$529.0K
Market Conditions
NOI Build-Up for 2,790 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
$72.0K $25.80/SF
− Vacancy
−$4.0K −$1.42/SF
EGI
$68.0K $24.38/SF
− OpEx
−$20.4K −$7.31/SF
NOI
$47.6K $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%
$952,220
Cap Rate 7%
$680,157
Cap Rate 9%
$529,011
Alternative Uses
Best Use
Multifamily LT 5
$680.2K
$595.1K – $793.5K
NOI $47,611 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$626.9K
$548.6K – $731.4K
NOI $43,885 @ 7.0% cap · market cap 7.81%
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
3
Residential units
Location Intelligence
Trade Area within ½ mile
791
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
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 residential units include two three-bedroom layouts and one two-bedroom layout, each with two bathrooms.
Where is this triplex located?
The property is located at 1841 N 33Rd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $562,000.
What are key features of this property?
This property features: Three‑unit triplex rowhome in Philadelphia; Two 3‑bedroom / 2‑bath units and one 2‑bedroom / 2‑bath unit; 2,790 property size
