Renovated Triplex with
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 Market50
Property Features for 200 E ALBANUS STREET
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Triplex
Site & Location
Neighborhood
Northwest Philadelphia
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: Oct 26
Last Checked: Nov 1 at 2:24AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$13,520
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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
