Triplex with Three-Bedroom
For Sale
$384,900
4522 COTTMAN AVENUE, Philadelphia, PA 19135
Two one-bedroom residences accompany a larger apartment with a kitchen, living room, and full bath.
Property Size1,634 SF
Days on Market139
Property Features for 4522 COTTMAN AVENUE
General Information
Standard status
Active
Size
1,634 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR, 2 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,806
Building Details
Building Size
1,634 SF
Year Built
1950
Listing Agency:
Re/Max One Realty
(215) 913-2490
Listed By:
Francisco Neto · License #RS181696L
(215) 913-2490
Source:
Lizclarkrealestate
Added: Apr 14
Changed: Aug 28
Last Checked: Aug 29 at 2:11PM
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 One Realty
Investment Insights
Based on property information with market context.
This triplex at 4522 Cottman Ave includes three residential apartments arranged across the building. The first and second floors comprise one three-bedroom residence with a kitchen, living room, and full bathroom. Two additional one-bedroom apartments occupy the lower level, each with its own living area, kitchen, and full bath. The property was built in 1950 and is situated in Philadelphia’s Mayfair section within Northeast Philadelphia.
The surrounding area provides proximity to schools and public transportation, with access to I-95 and Rt 1. The unit configuration offers a mix of one- and three-bedroom residences within a single multifamily property.
The surrounding area provides proximity to schools and public transportation, with access to I-95 and Rt 1. The unit configuration offers a mix of one- and three-bedroom residences within a single multifamily property.
Key Highlights
- Three‑unit triplex configuration
- One three‑bedroom apartment spans the first and second floors
- Lower level contains two one‑bedroom apartments
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
$27,884
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
7.24%
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%
$557,680
$557.7K
Cap Rate 7%
$398,343
$398.3K
Cap Rate 9%
$309,822
$309.8K
Market Conditions
NOI Build-Up for 1,634 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
$42.2K $25.80/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$39.8K $24.38/SF
− OpEx
−$12.0K −$7.31/SF
NOI
$27.9K $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%
$557,680
Cap Rate 7%
$398,343
Cap Rate 9%
$309,822
Alternative Uses
Best Use
Multifamily LT 5
$398.3K
$348.6K – $464.7K
NOI $27,884 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$367.2K
$321.3K – $428.4K
NOI $25,702 @ 7.0% cap · market cap 6.68%
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
Highway access
Location Intelligence
Trade Area within ½ mile
1,757
Businesses Nearby
Explore this area
Business Placement
Demographics for 19135, PA
35,422
Population
14,323
Households
2.5
Avg Household Size
34
Median Age
16%
College-Educated
82%
High-School Grad
2.3 sq mi
ZIP Area
15,401
Density / Sq Mi
$51,817
Median Household Income
$38,673
Median Earnings
$1,197
Median Rent
$182,900
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 - Two one-bedroom residences accompany a larger apartment with a kitchen, living room, and full bath.
Where is this triplex located?
The property is located at 4522 COTTMAN AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Three‑unit triplex configuration; One three‑bedroom apartment spans the first and second floors; Lower level contains two one‑bedroom apartments
