Legal Triplex with Vacant
For Sale
$335,000
4723 WHITAKER Avenue, Philadelphia, PA 19120
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,200 SF
Lot Size0.07 Acres
Price / SF$279.17
Days on Market142
Property Features for 4723 WHITAKER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, Alley
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: Jul 2
Last Checked: Aug 12 at 6:06PM
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.
4723 Whitaker Ave is a legal triplex featuring three separate residential units. Each unit has its own entrance and independent utilities, supporting straightforward tenant-by-tenant billing and operational flexibility. Two units are 2-bedroom homes and one unit is a 1-bedroom, with the 2-bedroom unit currently vacant. The building’s layouts are designed for functional day-to-day living, and the units include natural light.
The property sits on an oversized lot with alley access, with potential for off-street parking based on the site configuration. The current rent roll is provided as 2BR at $1,100, 1BR at $950, and the vacant 2BR listed at $1,050 to $1,100. Tenants are responsible for their own utilities, which can help limit owner-paid operating costs.
This triplex can fit a range of residential income strategies, including long-term rental ownership or an owner-occupant approach given one unit’s current availability. For prospective buyers, the independent utilities and separate entrances reduce dependency on shared billing, while the vacancy offers an opportunity to set a target rent and bring the unit back online. The property is located in Philadelphia’s Lawncrest/Juniata Park area and is described as having quick access to Roosevelt Boulevard, major highways, public transit, shopping, schools, dining, and neighborhood amenities.
The property sits on an oversized lot with alley access, with potential for off-street parking based on the site configuration. The current rent roll is provided as 2BR at $1,100, 1BR at $950, and the vacant 2BR listed at $1,050 to $1,100. Tenants are responsible for their own utilities, which can help limit owner-paid operating costs.
This triplex can fit a range of residential income strategies, including long-term rental ownership or an owner-occupant approach given one unit’s current availability. For prospective buyers, the independent utilities and separate entrances reduce dependency on shared billing, while the vacancy offers an opportunity to set a target rent and bring the unit back online. The property is located in Philadelphia’s Lawncrest/Juniata Park area and is described as having quick access to Roosevelt Boulevard, major highways, public transit, shopping, schools, dining, and neighborhood amenities.
Key Highlights
- Legal triplex with 3 separate residential units at 4723 Whitaker Ave (including 1 vacant 2‑bedroom unit).
- Independent utilities and separate entrances for each unit.
- Current rents: 2BR $1,100; 1BR $950; vacant 2BR $1,050–$1,100 (approx. $38,000+ annual income potential).
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
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
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 - Three-unit triplex at 4723 Whitaker Ave, with independent utilities and one vacant 2-bedroom unit ready for immediate occupancy.
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 3 separate residential units at 4723 Whitaker Ave (including 1 vacant 2‑bedroom unit).; Independent utilities and separate entrances for each unit.; Current rents: 2BR $1,100; 1BR $950; vacant 2BR $1,050–$1,100 (approx. $38,000+ annual income potential).
