Updated Triplex with Private
For Sale
$699,900
2314 Brown Street, Philadelphia, PA 19130
Three-unit property with two-bedroom apartments, a one-bedroom unit, and an office.
Property Size1,575 SF
Price / SF$444.38
Days on Market294
Property Features for 2314 Brown Street
General Information
Standard status
Active
Size
1,575 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX1
Units
Unit Mix
1 x 2BR, 1 x 1BR, 1 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,229
Amenities
private backyard
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1920
Buildings
1
Stories
3
Listing Agency:
Canaan Realty Investment Group
(215) 333-1826
Listed By:
Mike H Xiao · License #RS280882
(215) 333-1826
Source:
Compass
Added: Nov 10, 2025
Changed: Aug 29
Last Checked: Aug 31 at 1:51AM
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 Canaan Realty Investment Group
Investment Insights
Based on property information with market context.
Built in 1920, this triplex contains three residential units with a varied layout. The first floor has a two-bedroom apartment with high ceilings, a spacious living room, and private backyard access. The second floor includes a one-bedroom apartment and an office, while the third floor offers another two-bedroom, one-bath apartment with bright interiors and generous living space. The units were remodeled recently.
The property is located at 2314 Brown Street in Philadelphia’s 19130 area, near the Philadelphia Art Museum, Kelly Drive, and Whole Foods Market. CMX1 zoning is listed for the property. The layout includes features relevant to both investment ownership and an owner-occupant arrangement.
The property is located at 2314 Brown Street in Philadelphia’s 19130 area, near the Philadelphia Art Museum, Kelly Drive, and Whole Foods Market. CMX1 zoning is listed for the property. The layout includes features relevant to both investment ownership and an owner-occupant arrangement.
Key Highlights
- Three‑unit triplex with two 2‑bedroom apartments and one 1‑bedroom apartment
- Private backyard access from the first‑floor apartment
- Recently remodeled residential units
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
$26,877
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
3.84%
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%
$537,540
$537.5K
Cap Rate 7%
$383,957
$384.0K
Cap Rate 9%
$298,633
$298.6K
Market Conditions
NOI Build-Up for 1,575 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
$40.6K $25.80/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$38.4K $24.38/SF
− OpEx
−$11.5K −$7.31/SF
NOI
$26.9K $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%
$537,540
Cap Rate 7%
$383,957
Cap Rate 9%
$298,633
Alternative Uses
Best Use
Multifamily LT 5
$384.0K
$336.0K – $448.0K
NOI $26,877 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$353.9K
$309.7K – $412.9K
NOI $24,774 @ 7.0% cap · market cap 3.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
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?
Triplex - Three-unit property with two-bedroom apartments, a one-bedroom unit, and an office.
Where is this triplex located?
The property is located at 2314 Brown Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three‑unit triplex with two 2‑bedroom apartments and one 1‑bedroom apartment; Private backyard access from the first‑floor apartment; Recently remodeled residential units
