Mixed-Use Property with Dental
New
For Sale
$675,000
190 W MAPLEWOOD AVENUE, Philadelphia, PA 19144
Three one-bedroom apartments accompany a furnished dental practice with five operatories and dedicated reception and office areas.
Property Size1,300 SF
Price / SF$255.68
Days on Market3
Property Features for 190 W MAPLEWOOD AVENUE
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Quadruplex
Occupancy
100%
Site & Location
Neighborhood
Northwest Philadelphia
Public Transit
Yes
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Office Units
1
Additional Details
Furnished
Yes
Currently Operating
Yes
Property Use
Dental Office
Medical Specialty
dental
Building Details
Year Built
1890
Buildings
1
Stories
1
Building Size
1,300 SF
Construction
masonry
Tenancy
Single
Listing Agency:
TJ McCarthy Associates, Inc.
Listed By:
Sean D McCarthy · License #RM421549
(215) 843-1414
Source:
Cummingsrealtors
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 25 at 2:38AM
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 TJ McCarthy Associates, Inc.
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Investment Insights
Based on property information with market context.
This historic-register property combines a three-unit residential building with an attached, one-story dental office. The triplex contains three one-bedroom apartments and approximately 2,640 square feet. The first-floor apartment includes a bonus room, while all three units have a living room, kitchen, and bathroom. The office measures approximately 1,300 square feet and has five operatories with dental chairs and other equipment, plus a waiting area, reception and manager’s office, dentist’s office with toilet facilities, and basement storage and utility space. The office has a masonry exterior and flat roof.
The property is near Weavers Way and The Fresh Grocer supermarkets. Chelten Avenue train station is about a five-minute walk away, and several bus lines are nearby.
The property is near Weavers Way and The Fresh Grocer supermarkets. Chelten Avenue train station is about a five-minute walk away, and several bus lines are nearby.
Key Highlights
- Three one‑bedroom apartments in the triplex
- Approximately 2,640 square feet in the residential building
- Approximately 1,300‑square‑foot dental office with five equipped operatories
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,526
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,520
$830.5K
Cap Rate 7%
$593,229
$593.2K
Cap Rate 9%
$461,400
$461.4K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$80.2K $30.36/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$75.5K $28.60/SF
− OpEx
−$34.0K −$12.87/SF
NOI
$41.5K $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 Rate 5%
$830,520
Cap Rate 7%
$593,229
Cap Rate 9%
$461,400
Alternative Uses
Best Use
Apartment 5plus
$593.2K
$519.1K – $692.1K
NOI $41,526 @ 7.0% cap · market cap 6.15%
Second Best
Office B
$496.3K
$434.3K – $579.0K
NOI $34,741 @ 7.0% cap · market cap 5.15%
Theoretical Best
Multifamily LT 5
$643.6K
$563.1K – $750.9K
NOI $45,051 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
3
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,870
Businesses Nearby
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Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three one-bedroom apartments accompany a furnished dental practice with five operatories and dedicated reception and office areas.
Where is this mixed-use property located?
The property is located at 190 W MAPLEWOOD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Three one‑bedroom apartments in the triplex; Approximately 2,640 square feet in the residential building; Approximately 1,300‑square‑foot dental office with five equipped operatories
