Renovated Triplex with 10
For Sale
$750,000
3412 N 19th St, Philadelphia, PA 19140
Updated units offer modern finishes, individual utility meters, laundry hookups, and heating and cooling through mini-split systems.
Property Size3,936 SF
Price / SF$190.55
Days on Market24
Property Features for 3412 N 19th St
General Information
Standard status
Active
Size
3,936 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
RE/MAX Properties
(215) 254-0039
Listed By:
Yeisson Rafael Tena-Figuereo · License #RS319964
Source:
Upgradebymichaud
Added: Aug 7
Changed: Aug 29
Last Checked: Aug 25 at 5:46AM
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 RE/MAX Properties
Investment Insights
Based on property information with market context.
This renovated triplex contains 3,936 square feet and includes 10 separate garages, adding substantial enclosed storage to the property. The garage and lot area are secured by an electric motor-powered rolling gate with remote access, supplemented by a side entry door. Each residential unit includes stainless steel appliances, granite countertops, subway tile backsplashes, modern metal railings, and extensive closet space. The first- and second-floor units each have 2 full bathrooms with tile finishes.
All three units provide laundry hookups, ceiling fans in every bedroom, and energy-efficient mini-split systems for heating and cooling. Separate electric and water meters serve each unit. Fire alarm and fire suppression systems are also installed.
All three units provide laundry hookups, ceiling fans in every bedroom, and energy-efficient mini-split systems for heating and cooling. Separate electric and water meters serve each unit. Fire alarm and fire suppression systems are also installed.
Key Highlights
- Renovated triplex with 3,936 square feet
- 10 separate garages provide enclosed storage
- Electric motor‑powered rolling gate with remote access
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
$67,167
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
8.96%
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%
$1,343,340
$1.3M
Cap Rate 7%
$959,529
$959.5K
Cap Rate 9%
$746,300
$746.3K
Market Conditions
NOI Build-Up for 3,936 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
$101.5K $25.80/SF
− Vacancy
−$5.6K −$1.42/SF
EGI
$96.0K $24.38/SF
− OpEx
−$28.8K −$7.31/SF
NOI
$67.2K $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%
$1,343,340
Cap Rate 7%
$959,529
Cap Rate 9%
$746,300
Alternative Uses
Best Use
Multifamily LT 5
$959.5K
$839.6K – $1.12M
NOI $67,167 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$884.4K
$773.9K – $1.03M
NOI $61,911 @ 7.0% cap · market cap 8.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
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 - Updated units offer modern finishes, individual utility meters, laundry hookups, and heating and cooling through mini-split systems.
Where is this triplex located?
The property is located at 3412 N 19th St 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: Renovated triplex with 3,936 square feet; 10 separate garages provide enclosed storage; Electric motor‑powered rolling gate with remote access
