Six-Unit Victorian Apartment
For Sale
$750,000
3613 POWELTON AVENUE, Philadelphia, PA 19104
Stone residential property with six self-contained one-bedroom apartments and a covered wraparound porch.
Property Size4,111 SF
Price / SF$182.44
Days on Market16
Property Features for 3613 POWELTON AVENUE
General Information
Standard status
Active
Size
4,111 SF
Property subtype
Multi-Family
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Public Transit
Yes
Amenities
3
Hardwood, Tile
Slate, Flat, Shingle
Parking.
On Street.
38.00 x 124.00
Building Details
Year Built
1900
Buildings
1
Construction
stone Victorian
Listing Agency:
Compass RE
(610) 389-1482
Listed By:
Thomas Dilsheimer
(610) 389-1482
Source:
Xome
Added: Jul 28
Changed: Aug 10
Last Checked: Aug 12 at 4:19AM
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 Compass RE
Investment Insights
Based on property information with market context.
Built in 1900, this stone Victorian twin contains 4,111 square feet arranged as six self-contained residential units. Each apartment offers one bedroom and one bathroom. Architectural details include a covered wraparound porch with decorative columns, dormer windows, and a roof combining slate, flat, and shingle sections. On-street parking is available.
The property is located at 3613 Powelton Avenue in Powelton Village, a historic district within University City. Drexel University is a short walk away, while the University of Pennsylvania and Community College of Philadelphia are also nearby. Transit connections and Market Street corridors provide access to Center City.
The property is located at 3613 Powelton Avenue in Powelton Village, a historic district within University City. Drexel University is a short walk away, while the University of Pennsylvania and Community College of Philadelphia are also nearby. Transit connections and Market Street corridors provide access to Center City.
Key Highlights
- 4,111‑square‑foot building with six residential units
- Six one‑bedroom, one‑bath apartments
- Stone Victorian twin built in 1900
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
$64,664
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
8.62%
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%
$1,293,280
$1.3M
Cap Rate 7%
$923,771
$923.8K
Cap Rate 9%
$718,489
$718.5K
Market Conditions
NOI Build-Up for 4,111 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
$124.8K $30.36/SF
− Vacancy
−$7.2K −$1.76/SF
EGI
$117.6K $28.60/SF
− OpEx
−$52.9K −$12.87/SF
NOI
$64.7K $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%
$1,293,280
Cap Rate 7%
$923,771
Cap Rate 9%
$718,489
Alternative Uses
Best Use
Apartment 5plus
$923.8K
$808.3K – $1.08M
NOI $64,664 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.00M
$876.9K – $1.17M
NOI $70,154 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
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?
Apartment building - Stone residential property with six self-contained one-bedroom apartments and a covered wraparound porch.
Where is this apartment building located?
The property is located at 3613 POWELTON AVENUE 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: 4,111‑square‑foot building with six residential units; Six one‑bedroom, one‑bath apartments; Stone Victorian twin built in 1900
