8-Unit Apartment
For Sale
$1,475,000
191820 CUMBERLAND STREET, Philadelphia, PA 19125
Fully occupied multifamily property with varied floor plans, central air, and in-unit laundry.
Property Size7,242 SF
Price / SF$203.67
Days on Market202
Property Features for 191820 CUMBERLAND STREET
General Information
Standard status
Active
Size
7,242 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 3BR/3BA, 2 x 2BR/2BA, 2 x 1BR/1BA
Multifamily Units
8
Additional Details
Gross Income
$138,540
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,099
Amenities
in-unit washer/dryer
central air
defined living/dining spaces
Central Air
3
Hardwood
Carbon Monoxide Detector
Flat
Parking.
On Street.
36x75
Urban.
Building Details
Year Built
2019
Buildings
1
Stories
4
Listing Agency:
(215) 866-0050
Listed By:
Elfant Wissahickon Realtors
(215) 866-0050
Source:
Xome
Added: Feb 11
Changed: Aug 31
Last Checked: Sep 1 at 4:43PM
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 Elfant Wissahickon Realtors
Investment Insights
Based on property information with market context.
This 8-unit apartment building contains a 7,242-square-foot multifamily improvement with four 3-bedroom, 3-bath residences, two 2-bedroom, 2-bath residences, and two 1-bedroom, 1-bath residences. Each unit includes central air, an in-unit washer and dryer, hardwood flooring, and designated living and dining areas. The property is 100% occupied at market rents, with leases, licenses, zoning information, operating expenses, and financial documentation available for review.
The building is located at 1918 E. Cumberland Street in Philadelphia’s East Kensington area, near the Market-Frankford Line, Frankford Avenue, and the Kensington Avenue corridor. Its exterior combines white brick with corrugated metal elements, while the surrounding setting includes residential streets and light industrial uses. On-street parking is available in the urban neighborhood context.
The building is located at 1918 E. Cumberland Street in Philadelphia’s East Kensington area, near the Market-Frankford Line, Frankford Avenue, and the Kensington Avenue corridor. Its exterior combines white brick with corrugated metal elements, while the surrounding setting includes residential streets and light industrial uses. On-street parking is available in the urban neighborhood context.
Key Highlights
- 8‑unit multifamily building with 7,242 square feet
- Unit mix includes four 3‑bedroom/3‑bath, two 2‑bedroom/2‑bath, and two 1‑bedroom/1‑bath residences
- 100% occupied at market rents
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
$113,913
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
7.72%
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%
$2,278,260
$2.3M
Cap Rate 7%
$1,627,329
$1.6M
Cap Rate 9%
$1,265,700
$1.3M
Market Conditions
NOI Build-Up for 7,242 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
$219.9K $30.36/SF
− Vacancy
−$12.8K −$1.76/SF
EGI
$207.1K $28.60/SF
− OpEx
−$93.2K −$12.87/SF
NOI
$113.9K $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%
$2,278,260
Cap Rate 7%
$1,627,329
Cap Rate 9%
$1,265,700
Alternative Uses
Best Use
Apartment 5plus
$1.63M
$1.42M – $1.90M
NOI $113,913 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.77M
$1.54M – $2.06M
NOI $123,584 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with varied floor plans, central air, and in-unit laundry.
Where is this apartment building located?
The property is located at 191820 CUMBERLAND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 8‑unit multifamily building with 7,242 square feet; Unit mix includes four 3‑bedroom/3‑bath, two 2‑bedroom/2‑bath, and two 1‑bedroom/1‑bath residences; 100% occupied at market rents
