Legal Triplex With Vacant
For Sale
$335,000
4723 Whitaker Avenue, Philadelphia, PA 19120
Legal triplex with three units and one vacant 2-bedroom unit, each with independent utilities and entrances.
Property Size1,200 SF
Price / SF$279.17
Days on Market170
Property Features for 4723 Whitaker Avenue
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi-Family
Zoning
RSA5
Taxes and HOA fees
Annual Taxes
$2,609
Amenities
Electric
Yes
No
Estimated
No Pool
Public
U30
60.00 x 85.00
0.07
Alley,Driveway
Brick/Mortar
37280.00
Building Details
Building Size
1,200 SF
Year Built
1935
Listing Agency:
Keller Williams Realty
(856) 222-0077
Listed By:
Christopher Twardy · License #1540241
(609) 304-2314
Source:
Thetristaterealestategroup
Added: Mar 24
Changed: Sep 8
Last Checked: Sep 8 at 4:59AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
4723 Whitaker Avenue is a legal triplex featuring three separate residential units with independent utilities and entrances. One 2-bedroom unit is currently vacant, while the other units are occupied. Reported current rents are $1,100 for a 2-bedroom unit, $950 for a 1-bedroom unit, and $1,050–$1,100 for the occupied 2-bedroom unit (vacant unit noted as 2-bedroom). Tenants are responsible for their own utilities.
The property sits on an oversized lot with alley access and potential for off-street parking. A functional layout and natural light are noted across the units. Located in the Lawncrest/Juniata Park area of Philadelphia, the property is described as having quick access to Roosevelt Boulevard, major highways, public transit, and nearby shopping, schools, dining, and neighborhood amenities.
The property sits on an oversized lot with alley access and potential for off-street parking. A functional layout and natural light are noted across the units. Located in the Lawncrest/Juniata Park area of Philadelphia, the property is described as having quick access to Roosevelt Boulevard, major highways, public transit, and nearby shopping, schools, dining, and neighborhood amenities.
Key Highlights
- Legal triplex on 0.07 acres (estimated) with three separate units
- One vacant 2‑bedroom unit; current rents include 2BR at $1,100, 1BR at $950, and vacant 2BR at $1,050–$1,100
- All units have independent utilities and separate entrances
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
$13,000
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
3.88%
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%
$260,000
$260.0K
Cap Rate 7%
$185,714
$185.7K
Cap Rate 9%
$144,444
$144.4K
Market Conditions
NOI Build-Up for 1,200 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
$20.0K $16.68/SF
− Vacancy
−$1.4K −$1.20/SF
EGI
$18.6K $15.48/SF
− OpEx
−$5.6K −$4.64/SF
NOI
$13.0K $10.83/SF
Area
ZIP 19120
Vacancy
7.22%
Lease Rate
$16.68 /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%
$260,000
Cap Rate 7%
$185,714
Cap Rate 9%
$144,444
Alternative Uses
Best Use
Multifamily LT 5
$185.7K
$162.5K – $216.7K
NOI $13,000 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$165.2K
$144.5K – $192.7K
NOI $11,563 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$286.7K
$250.8K – $334.4K
NOI $20,066 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
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 - Legal triplex with three units and one vacant 2-bedroom unit, each with independent utilities and entrances.
Where is this triplex located?
The property is located at 4723 Whitaker Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Legal triplex on 0.07 acres (estimated) with three separate units; One vacant 2‑bedroom unit; current rents include 2BR at $1,100, 1BR at $950, and vacant 2BR at $1,050–$1,100; All units have independent utilities and separate entrances
