Renovated Triplex with
New
For Sale
$245,000
200 E ALBANUS STREET, Philadelphia, PA 19120
Renovated residential property with three occupied rental units and rear parking.
Property Size1,248 SF
Days on Market5
Property Features for 200 E ALBANUS STREET
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Triplex
Building Details
Building Size
1,248 SF
Year Built
1930
Listing Agency:
Real of Pennsylvania
Listed By:
William Holder · License #2077526
(610) 687-2900
Source:
Tmft.kw
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 18 at 3:42AM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
This Philadelphia triplex is configured as three rental units, including a basement unit created by the current owner. The property was rehabbed throughout after acquisition in 2023 and is currently occupied by tenants in all three units. Built in 1930, the property also includes a rear parking space, adding on-site convenience in an urban setting.
The location provides access to public transportation, major travel routes, shopping, dining, and everyday services. The property is being marketed based on its present use and occupancy. Buyers should independently verify zoning, licensing, permits, the three-unit configuration, basement-unit approval, permitted uses, and applicable City of Philadelphia requirements.
The location provides access to public transportation, major travel routes, shopping, dining, and everyday services. The property is being marketed based on its present use and occupancy. Buyers should independently verify zoning, licensing, permits, the three-unit configuration, basement-unit approval, permitted uses, and applicable City of Philadelphia requirements.
Key Highlights
- Three rental units currently occupied
- Property rehabbed throughout after 2023 acquisition
- Basement unit included in the current three‑unit configuration
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
$13,520
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
5.52%
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%
$270,400
$270.4K
Cap Rate 7%
$193,143
$193.1K
Cap Rate 9%
$150,222
$150.2K
Market Conditions
NOI Build-Up for 1,248 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
$20.8K $16.68/SF
− Vacancy
−$1.5K −$1.20/SF
EGI
$19.3K $15.48/SF
− OpEx
−$5.8K −$4.64/SF
NOI
$13.5K $10.83/SF
Area
ZIP 19120
Vacancy
7.22%
Lease Rate
$16.68 /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%
$270,400
Cap Rate 7%
$193,143
Cap Rate 9%
$150,222
Alternative Uses
Best Use
Multifamily LT 5
$193.1K
$169.0K – $225.3K
NOI $13,520 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$171.8K
$150.3K – $200.4K
NOI $12,025 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$298.1K
$260.9K – $347.8K
NOI $20,868 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,638
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
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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 - Renovated residential property with three occupied rental units and rear parking.
Where is this triplex located?
The property is located at 200 E ALBANUS STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Three rental units currently occupied; Property rehabbed throughout after 2023 acquisition; Basement unit included in the current three‑unit configuration
