Renovated Triplex with Detached
For Sale
$750,000
3412 N 19TH Street, Philadelphia, PA 19140
Multi-Family, PHILADELPHIA, PA
Property Size3,936 SF
Lot Size0.17 Acres
Price / SF$190.55
Days on Market111
Property Features for 3412 N 19TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
10
Parking features
Garage - Detached, On Street
Interior features
Intercom, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Ceiling Fan(s), Floor Plan - Open
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,936 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
3646
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
stainless steel appliances
granite countertops
subway tile backsplash
modern metal railings
ceiling fans
laundry hookups
mini-split systems
fire alarm
fire suppression system
electric gate
remote access
Building Details
Year built
1925
Number of units
3
Building materials
Stone
Architectural style
Other
Listing Agency:
RE/MAX Properties · RE/MAX International
(215) 968-7400
Listed By:
Yeisson Rafael Tena-Figuereo · License #RS319964
(215) 254-0039
Added: May 11
Changed: Aug 19
Last Checked: Aug 29 at 12:06PM
MLS# PAPH2620026
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 renovated triplex contains 3,936 square feet on a 0.1699-acre parcel and includes 10 detached garages. The three residences feature stainless steel appliances, granite countertops, subway tile backsplashes, metal railings, open floor plans, and substantial closet storage. The first- and second-floor units each have two full bathrooms, while all units include laundry hookups, ceiling fans, and mini-split systems for heating and cooling.
Separate electric and water meters serve each unit. The property also includes fire alarm and fire suppression systems, an intercom, tub-shower and walk-in shower configurations, and on-street parking. The secured garage and lot area has an electric rolling gate with remote access and a side entry door. Built in 1925, the property is located at 3412 N 19TH Street in Philadelphia, PA 19140.
Separate electric and water meters serve each unit. The property also includes fire alarm and fire suppression systems, an intercom, tub-shower and walk-in shower configurations, and on-street parking. The secured garage and lot area has an electric rolling gate with remote access and a side entry door. Built in 1925, the property is located at 3412 N 19TH Street in Philadelphia, PA 19140.
Key Highlights
- Three‑unit triplex with 3,936 square feet of building area
- 10 detached garages on a 0.1699‑acre parcel
- Separate electric and water meters for 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
$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
Lease Details
3
Residential units
Yes
Utilities to site
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
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 detached garages, separate utility meters, and modern heating and cooling systems.
Where is this triplex located?
The property is located at 3412 N 19TH Street 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‑unit triplex with 3,936 square feet of building area; 10 detached garages on a 0.1699‑acre parcel; Separate electric and water meters for each unit
