New Construction Triplex with
For Sale
$975,000
2325 GERMANTOWN AVENUE, Philadelphia, PA 19133
Brand-new triplex completed in 2026 with three apartments featuring modern finishes and in-unit laundry.
Property Size3,775 SF
Price / SF$258.28
Days on Market65
Property Features for 2325 GERMANTOWN AVENUE
General Information
Standard status
Active
Size
3,775 SF
Property subtype
Triplex
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
in-unit laundry
private backyard
private rear deck
private rooftop deck
Building Details
Year Built
2026
Listing Agency:
Howard Hanna Real Estate Services
(215) 643-2500
Listed By:
Jurgen Aliaj · License #RS357236
(267) 442-8218
Source:
Cummingsrealtors
Added: Jul 12
Changed: Sep 13
Last Checked: Sep 14 at 6:41AM
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 Howard Hanna Real Estate Services
Investment Insights
Based on property information with market context.
2325 Germantown Avenue is a newly constructed triplex completed in 2026, offering three oversized residential apartments. Each unit features an open-concept layout with modern interior finishes including quartz countertops, custom cabinetry, stainless steel appliances, luxury vinyl plank flooring, tiled bathrooms, and in-unit laundry. Unit 1 is a bi-level 4-bedroom, 3-bath apartment with a private backyard. Unit 2 offers 3 bedrooms and 2 full bathrooms with a private rear deck. Unit 3 provides 3 bedrooms and 2 full bathrooms, including a private rooftop deck.
The property is described as located in Philadelphia’s Norris Square neighborhood and is presented as a turnkey income-producing multifamily asset. The listing also notes a 10-year tax abatement.
Projected gross annual rental income is approximately $80,400, based on projected rents of $2,400 for Unit 1, $2,000 for Unit 2, and $2,300 for Unit 3.
The property is described as located in Philadelphia’s Norris Square neighborhood and is presented as a turnkey income-producing multifamily asset. The listing also notes a 10-year tax abatement.
Projected gross annual rental income is approximately $80,400, based on projected rents of $2,400 for Unit 1, $2,000 for Unit 2, and $2,300 for Unit 3.
Key Highlights
- New construction triplex completed in 2026 (3 apartments) at 2325 Germantown Avenue in Philadelphia’s Norris Square area
- Projected gross annual rental income of approximately $80,400 based on unit income projections
- Unit 1: 4 bed / 3 full bath bi‑level with private backyard; projected rent $2,400/month
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
$64,420
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
6.61%
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%
$1,288,400
$1.3M
Cap Rate 7%
$920,286
$920.3K
Cap Rate 9%
$715,778
$715.8K
Market Conditions
NOI Build-Up for 3,775 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
$97.4K $25.80/SF
− Vacancy
−$5.4K −$1.42/SF
EGI
$92.0K $24.38/SF
− OpEx
−$27.6K −$7.31/SF
NOI
$64.4K $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%
$1,288,400
Cap Rate 7%
$920,286
Cap Rate 9%
$715,778
Alternative Uses
Best Use
Multifamily LT 5
$920.3K
$805.3K – $1.07M
NOI $64,420 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$848.3K
$742.2K – $989.7K
NOI $59,379 @ 7.0% cap · market cap 6.09%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,420
Businesses Nearby
Explore this area
Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Brand-new triplex completed in 2026 with three apartments featuring modern finishes and in-unit laundry.
Where is this triplex located?
The property is located at 2325 GERMANTOWN AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: New construction triplex completed in 2026 (3 apartments) at 2325 Germantown Avenue in Philadelphia’s Norris Square area; Projected gross annual rental income of approximately $80,400 based on unit income projections; Unit 1: 4 bed / 3 full bath bi‑level with private backyard; projected rent $2,400/month
