3-Unit Masonry
For Sale
$550,000
2201 E HUNTINGDON Street, Philadelphia, PA 19125
Multi-Family, PHILADELPHIA, PA
Property Size2,025 SF
Lot Size0.02 Acres
Price / SF$271.60
Days on Market82
Property Features for 2201 E HUNTINGDON Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Interior features
Bathroom - Tub Shower, Bathroom - Walk-In Shower, Ceiling Fan(s), Recessed Lighting
Appliances
Exhaust Fan, Oven/Range - Gas, Refrigerator, Dishwasher
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,025 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
5835
Utilities
Heating system
Central
Cooling system
Ductless
Amenities
shared laundry
shared patio
Building Details
Year built
1875
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
RE/MAX Main Line-West Chester · RE/MAX International
(610) 692-2228
Listed By:
Thomas Toole III · License #RS228901
(610) 692-6976
Added: Jul 13
Changed: Aug 19
Last Checked: Oct 2 at 4:06AM
MLS# PAPH2642872
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 2201 E Huntingdon Street in Philadelphia, this masonry triplex contains 2,025 square feet across three one-bedroom, one-bathroom units. The corner-lot building was constructed in 1875 and includes shared laundry facilities with access to an outdoor patio. Interior features include stainless steel appliances, gas oven/ranges, refrigerators, dishwashers, recessed lighting, ceiling fans, central heating, and ductless cooling. Unit layouts vary, with open living and kitchen areas, separate bedrooms, and bathrooms equipped with either a tub/shower combination or walk-in shower.
The property is fully leased, with all occupants on month-to-month leases. Its Philadelphia setting places the building near restaurants, cafes, entertainment, public transportation, and everyday amenities. The compact 0.0189-acre lot and three-unit configuration provide a clearly defined multifamily asset with shared resident areas and distinct living spaces.
The property is fully leased, with all occupants on month-to-month leases. Its Philadelphia setting places the building near restaurants, cafes, entertainment, public transportation, and everyday amenities. The compact 0.0189-acre lot and three-unit configuration provide a clearly defined multifamily asset with shared resident areas and distinct living spaces.
Key Highlights
- Three 1‑bedroom, 1‑bathroom units in a single triplex
- 2,025 square feet on a 0.0189‑acre corner lot
- Fully leased with all tenants on month‑to‑month leases
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
$34,556
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
6.28%
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%
$691,120
$691.1K
Cap Rate 7%
$493,657
$493.7K
Cap Rate 9%
$383,956
$384.0K
Market Conditions
NOI Build-Up for 2,025 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
$52.2K $25.80/SF
− Vacancy
−$2.9K −$1.42/SF
EGI
$49.4K $24.38/SF
− OpEx
−$14.8K −$7.31/SF
NOI
$34.6K $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%
$691,120
Cap Rate 7%
$493,657
Cap Rate 9%
$383,956
Alternative Uses
Best Use
Multifamily LT 5
$493.7K
$432.0K – $575.9K
NOI $34,556 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$455.0K
$398.2K – $530.9K
NOI $31,852 @ 7.0% cap · market cap 5.79%
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
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,125
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased corner-lot property with shared laundry, patio space, and three separately configured residential units.
Where is this triplex located?
The property is located at 2201 E HUNTINGDON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bathroom units in a single triplex; 2,025 square feet on a 0.0189‑acre corner lot; Fully leased with all tenants on month‑to‑month leases
