Residential Income Property with Private
New
For Sale
$750,000
336 MONROE STREET Unit A, Philadelphia, PA 19147
Three-bedroom, three-bath residence features en-suite bathrooms, private outdoor areas, and dedicated parking.
Property Size1,735 SF
Days on Market6
Property Features for 336 MONROE STREET Unit A
General Information
Standard status
Active
Size
1,735 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$996
Building Details
Building Size
1,735 SF
Year Built
2017
Listing Agency:
KW Empower
Listed By:
Tyler Hopp · License #RS331973
(267) 475-5862
Source:
Patmckennarealtors
Added: Sep 10
Changed: Sep 14
Last Checked: Sep 15 at 9:33AM
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 KW Empower
Investment Insights
Based on property information with market context.
Built in 2017, this 18-foot-wide residential property offers three bedrooms, three full bathrooms, and a layout arranged across main and lower levels. The main floor includes oak hardwood flooring, high ceilings, recessed lighting, an open living area, and a kitchen with white shaker cabinetry, quartz counters, a breakfast bar, and stainless steel Whirlpool appliances. A main-level bedroom has a walk-in closet and access to a full bath with heated floors and a glass-enclosed shower.
Outdoor space includes a covered rear patio and a second private patio accessed from the rear bedroom. Private one-car parking is positioned beyond the rear patio gate. The lower level adds two bedrooms, each with an en-suite bath featuring heated Carrera marble floors and custom walk-in showers, along with a flexible bonus area and laundry space. The property is in Queen Village, within the Meredith School Catchment, near parks, cafes, grocery stores, boutique shopping, and restaurants.
Outdoor space includes a covered rear patio and a second private patio accessed from the rear bedroom. Private one-car parking is positioned beyond the rear patio gate. The lower level adds two bedrooms, each with an en-suite bath featuring heated Carrera marble floors and custom walk-in showers, along with a flexible bonus area and laundry space. The property is in Queen Village, within the Meredith School Catchment, near parks, cafes, grocery stores, boutique shopping, and restaurants.
Key Highlights
- Three‑bedroom, three‑bath residential property built in 2017
- 18‑foot‑wide layout with main and lower levels
- Private one‑car parking beyond the rear patio gate
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
$27,291
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
3.64%
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%
$545,820
$545.8K
Cap Rate 7%
$389,871
$389.9K
Cap Rate 9%
$303,233
$303.2K
Market Conditions
NOI Build-Up for 1,735 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
$52.7K $30.36/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$49.6K $28.60/SF
− OpEx
−$22.3K −$12.87/SF
NOI
$27.3K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$545,820
Cap Rate 7%
$389,871
Cap Rate 9%
$303,233
Alternative Uses
Best Use
Apartment 5plus
$389.9K
$341.1K – $454.9K
NOI $27,291 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$423.0K
$370.1K – $493.5K
NOI $29,608 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,467
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom, three-bath residence features en-suite bathrooms, private outdoor areas, and dedicated parking.
Where is this residential income property located?
The property is located at 336 MONROE STREET Unit A Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑bedroom, three‑bath residential property built in 2017; 18‑foot‑wide layout with main and lower levels; Private one‑car parking beyond the rear patio gate
