Renovated Triplex with Private
For Sale
Under Contract
$475,000
3133-00 MORNING GLORY Road, Philadelphia, PA 19154
Multi-Family, PHILADELPHIA, PA
Property Size2,205 SF
Lot Size0.07 Acres
Price / SF$215.42
Days on Market44
Property Features for 3133-00 MORNING GLORY Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
4
Parking features
Driveway
Subdivision
PARKWOOD
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active Under Contract
Size
2,205 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
5683
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Amenities
private laundry
basement storage
fenced backyard
Building Details
Year built
1962
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Market Force Realty
(866) 993-8585
Listed By:
Michael Stone · License #RS291924
(215) 264-0249
Added: Jul 26
Changed: Aug 19
Last Checked: Sep 7 at 11:06PM
MLS# PAPH2652352
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 2 + 2 + 1 triplex contains 2,205 square feet and was built in 1962 with masonry construction. Each unit has been renovated, features hard-surface flooring, and includes private laundry. Separate electricity and gas meters serve the units, while dedicated basement storage provides additional space for each residence.
The 0.0707-acre property includes a driveway accommodating four cars and a fenced shared backyard. Building systems include approximately 10-year-old roofing, windows, and HVAC, along with newer boilers. The property is located near highways, public transportation, food, and shopping in Philadelphia, Pennsylvania.
The 0.0707-acre property includes a driveway accommodating four cars and a fenced shared backyard. Building systems include approximately 10-year-old roofing, windows, and HVAC, along with newer boilers. The property is located near highways, public transportation, food, and shopping in Philadelphia, Pennsylvania.
Key Highlights
- 2 + 2 + 1 triplex configuration with three renovated units
- 2,205 square feet on a 0.0707‑acre lot
- Private laundry and basement storage assigned to each unit
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
$37,628
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
7.92%
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%
$752,560
$752.6K
Cap Rate 7%
$537,543
$537.5K
Cap Rate 9%
$418,089
$418.1K
Market Conditions
NOI Build-Up for 2,205 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
$56.9K $25.80/SF
− Vacancy
−$3.1K −$1.42/SF
EGI
$53.8K $24.38/SF
− OpEx
−$16.1K −$7.31/SF
NOI
$37.6K $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%
$752,560
Cap Rate 7%
$537,543
Cap Rate 9%
$418,089
Alternative Uses
Best Use
Multifamily LT 5
$537.5K
$470.4K – $627.1K
NOI $37,628 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$495.5K
$433.6K – $578.1K
NOI $34,684 @ 7.0% cap · market cap 7.30%
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
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Explore this area
Business Placement
Demographics for 19154, PA
34,681
Population
13,296
Households
2.6
Avg Household Size
39
Median Age
27%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
5,419
Density / Sq Mi
$93,479
Median Household Income
$50,969
Median Earnings
$1,396
Median Rent
$274,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Renovated three-unit property with individual laundry, separate utility meters, basement storage, and a four-car driveway.
Where is this triplex located?
The property is located at 3133-00 MORNING GLORY Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2 + 2 + 1 triplex configuration with three renovated units; 2,205 square feet on a 0.0707‑acre lot; Private laundry and basement storage assigned to each unit
