Mixed-Use Triplex with
For Sale
$479,900
2315-00 S 12TH Street, Philadelphia, PA 19148
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,888 SF
Lot Size0.02 Acres
Price / SF$254.18
Days on Market134
Property Features for 2315-00 S 12TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,888 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
3320
Utilities
Heating system
Baseboard, Heat Pump (Heating), Electric (Heating)
Cooling system
Wall Unit(s), Ductless
Building Details
Year built
1925
Number of units
3
Building materials
Masonry, Stucco
Architectural style
Other
Listing Agency:
Target Realty · Century 21 Real Estate
(215) 218-0939
Listed By:
Shengfei Lin · License #RS330620
(215) 218-0939
Added: Apr 20
Changed: Jul 13
Last Checked: Aug 31 at 3:06PM
MLS# PAPH2610140
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.
This mixed-use triplex includes two residential units and one storefront. The first-floor front commercial space offers flexibility for retail or business use, while the first-floor rear unit is a 1-bedroom apartment. The second floor contains a fully renovated 2-bedroom apartment with an outdoor patio. Residential units have been completely renovated, and the property is serviced by separate electric meters for each unit.
The property is located at 2315-00 S 12TH Street in Philadelphia, Pennsylvania (19148). It is offered for sale and includes a currently vacant storefront alongside occupied or ready-to-rent residential components, depending on tenant status.
With a storefront component and two renovated apartments configured vertically and on the first floor, the building supports mixed-use income potential through its residential units and commercial space.
The property is located at 2315-00 S 12TH Street in Philadelphia, Pennsylvania (19148). It is offered for sale and includes a currently vacant storefront alongside occupied or ready-to-rent residential components, depending on tenant status.
With a storefront component and two renovated apartments configured vertically and on the first floor, the building supports mixed-use income potential through its residential units and commercial space.
Key Highlights
- Property built in 1925 with masonry and stucco construction materials
- Three‑unit mix: one storefront (currently vacant), a 1‑bedroom rear unit on the first floor, and a renovated 2‑bedroom apartment on the second floor
- Fully renovated 2‑bedroom apartment includes an outdoor patio
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
$32,219
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
6.71%
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%
$644,380
$644.4K
Cap Rate 7%
$460,271
$460.3K
Cap Rate 9%
$357,989
$358.0K
Market Conditions
NOI Build-Up for 1,888 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
$48.7K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$46.0K $24.38/SF
− OpEx
−$13.8K −$7.31/SF
NOI
$32.2K $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%
$644,380
Cap Rate 7%
$460,271
Cap Rate 9%
$357,989
Alternative Uses
Best Use
Multifamily LT 5
$460.3K
$402.7K – $537.0K
NOI $32,219 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$424.2K
$371.2K – $495.0K
NOI $29,697 @ 7.0% cap · market cap 6.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,688
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
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 mixed-use property with two residential apartments and a ground-floor storefront, including separate electric meters.
Where is this triplex located?
The property is located at 2315-00 S 12TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Property built in 1925 with masonry and stucco construction materials; Three‑unit mix: one storefront (currently vacant), a 1‑bedroom rear unit on the first floor, and a renovated 2‑bedroom apartment on the second floor; Fully renovated 2‑bedroom apartment includes an outdoor patio
