Legal Triplex with Alley
For Sale
$335,000
4723 WHITAKER Avenue, Philadelphia, PA 19120
Multi-Family, PHILADELPHIA, PA
Property Size1,200 SF
Lot Size0.07 Acres
Price / SF$279.17
Days on Market177
Property Features for 4723 WHITAKER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Alley, Driveway
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,200 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
2609
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1935
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Realty - Moorestown
(856) 316-1100
Listed By:
Marques Brooks
(856) 701-1622
Added: Mar 24
Changed: Sep 13
Last Checked: Sep 16 at 4:06AM
MLS# PAPH2598928
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 legal triplex at 4723 Whitaker Avenue contains three residential units, including one vacant 2-bedroom apartment. Each unit has its own entrance and independent utilities. The masonry building was constructed in 1935 and provides 1,200 square feet of property size, with hot-water heating and a functional residential layout.
The property occupies a 0.0714-acre lot with driveway and alley parking features, plus alley access and potential for additional off-street parking. Its Philadelphia location offers access to Roosevelt Boulevard, major highways, public transit, shopping, schools, dining, and neighborhood services. The property is positioned in the Lawncrest and Juniata Park areas.
The property occupies a 0.0714-acre lot with driveway and alley parking features, plus alley access and potential for additional off-street parking. Its Philadelphia location offers access to Roosevelt Boulevard, major highways, public transit, shopping, schools, dining, and neighborhood services. The property is positioned in the Lawncrest and Juniata Park areas.
Key Highlights
- Legal triplex with three separate residential units
- One vacant 2‑bedroom unit
- Independent utilities and entrances 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
$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
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature separate entrances and independently metered utilities.
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 with three separate residential units; One vacant 2‑bedroom unit; Independent utilities and entrances for each unit
