Three-Unit Brick
For Sale
Contact for pricing
Pending
3850 N 18TH STREET, Philadelphia, PA 19140
Three-story brick construction offers a compact multifamily configuration with varied bedroom layouts across the units.
Property Size1,965 SF
Days on Market51
Property Features for 3850 N 18TH STREET
General Information
Standard status
Pending
Size
1,965 SF
Property subtype
Triplex
Site & Location
Neighborhood
Nicetown
Units
Unit Mix
1 x 2BR, 2 x 1BR
Multifamily Units
3
Building Details
Year Built
1940
Stories
3
Construction
brick
Listing Agency:
Sanford Alderfer Real Estate
(215) 723-1171
Listed By:
Michelle Hunsberger · License #RS337259
(215) 701-3770
Source:
Cummingsrealtors
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 20 at 9:03PM
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 Sanford Alderfer Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1940-built triplex is a three-story brick multifamily building containing approximately 1,965 square feet. The property includes three residential units with four bedrooms in total, arranged as one two-bedroom unit and two one-bedroom units. The configuration provides a mix of unit sizes within a single attached building.
Located at 3850 N 18th Street in Philadelphia, Pennsylvania, the property is identified by ZIP Code 19140. Its established construction date, brick exterior, and three-unit layout define the asset’s physical profile.
Located at 3850 N 18th Street in Philadelphia, Pennsylvania, the property is identified by ZIP Code 19140. Its established construction date, brick exterior, and three-unit layout define the asset’s physical profile.
Key Highlights
- Three residential units in a single multifamily building
- Approximately 1,965 SF across three stories
- Four total bedrooms: one 2‑bedroom unit and two 1‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,908
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,160
$618.2K
Cap Rate 7%
$441,543
$441.5K
Cap Rate 9%
$343,422
$343.4K
Market Conditions
NOI Build-Up for 1,965 SF
Gross rent
$59.7K $30.36/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$56.2K $28.60/SF
− OpEx
−$25.3K −$12.87/SF
NOI
$30.9K $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 Rate 5%
$618,160
Cap Rate 7%
$441,543
Cap Rate 9%
$343,422
Alternative Uses
Best Use
Multifamily LT 5
$479.0K
$419.2K – $558.9K
NOI $33,533 @ 7.0% cap · market cap 223.55%
Second Best
Apartment 5plus
$441.5K
$386.4K – $515.1K
NOI $30,908 @ 7.0% cap · market cap 206.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,742
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-story brick construction offers a compact multifamily configuration with varied bedroom layouts across the units.
Where is this triplex located?
The property is located at 3850 N 18TH STREET Philadelphia, PA.
What are key features of this property?
This property features: Three residential units in a single multifamily building; Approximately 1,965 SF across three stories; Four total bedrooms: one 2‑bedroom unit and two 1‑bedroom units
