Updated Three-Unit
For Sale
$630,000
4843 Walton Ave, Philadelphia, PA 19143
Corner-lot multifamily property with one vacant residence, two occupied units, and outdoor space including a front porch and yards.
Property Size2,916 SF
Price / SF$216.05
Days on Market45
Property Features for 4843 Walton Ave
General Information
Standard status
Active
Size
2,916 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
Realty ONE Group Focus
Listed By:
Lisa Carpino · License #RS355638
(267) 258-8220
Source:
Bethsamberg
Added: Jul 21
Changed: Sep 2
Last Checked: Sep 1 at 10:56PM
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 Realty ONE Group Focus
Investment Insights
Based on property information with market context.
Built in 1925, this 2,916-square-foot triplex contains three residential units. The first-floor residence has two bedrooms and one bathroom and is vacant, while the upper residences each include one bedroom and one bathroom and are occupied by tenants. Updates have been made throughout the property, which also provides a front porch plus side and rear yard areas.
The property is in University City, near UPenn, Drexel, University City campuses, major hospitals, and employment centers. Trolleys, buses, and regional rail provide connections toward Center City. Clark Park and the Baltimore Avenue corridor, with its restaurants, cafes, and local shops, are within walking distance.
The property is in University City, near UPenn, Drexel, University City campuses, major hospitals, and employment centers. Trolleys, buses, and regional rail provide connections toward Center City. Clark Park and the Baltimore Avenue corridor, with its restaurants, cafes, and local shops, are within walking distance.
Key Highlights
- 2,916‑square‑foot triplex built in 1925
- Three units with a 2‑bedroom first‑floor residence and two 1‑bedroom upper units
- First‑floor unit is vacant; second- and third‑floor units are tenant‑occupied
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
$31,589
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
5.01%
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%
$631,780
$631.8K
Cap Rate 7%
$451,271
$451.3K
Cap Rate 9%
$350,989
$351.0K
Market Conditions
NOI Build-Up for 2,916 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
$48.6K $16.68/SF
− Vacancy
−$3.5K −$1.20/SF
EGI
$45.1K $15.48/SF
− OpEx
−$13.5K −$4.64/SF
NOI
$31.6K $10.83/SF
Area
ZIP 19143
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%
$631,780
Cap Rate 7%
$451,271
Cap Rate 9%
$350,989
Alternative Uses
Best Use
Multifamily LT 5
$451.3K
$394.9K – $526.5K
NOI $31,589 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$401.4K
$351.2K – $468.3K
NOI $28,097 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$999.5K
$874.5K – $1.17M
NOI $69,962 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
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 - Corner-lot multifamily property with one vacant residence, two occupied units, and outdoor space including a front porch and yards.
Where is this triplex located?
The property is located at 4843 Walton Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 2,916‑square‑foot triplex built in 1925; Three units with a 2‑bedroom first‑floor residence and two 1‑bedroom upper units; First‑floor unit is vacant; second- and third‑floor units are tenant‑occupied
