Building Details

Year built 1915

Number of units 3

Building materials Masonry

Architectural style Other

Listing Agency: RE/MAX Preferred - Cherry Hill · RE/MAX International p***@njpreferredhomes.com Show Phone

Listed By: ARAFAT FARHAT · License #RS352372 Show Phone

Added: Oct 17 Last Checked: Oct 18 at 8:06AM

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MLS# PAPH2681876

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.

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Investment Insights

Based on property information with market context.

This 4,066-square-foot masonry triplex, built in 1915, contains three legally zoned two-bedroom apartments, all leased, plus a finished basement. Each apartment has its own forced-air central heating and air-conditioning system. Electric and water service are separately metered. The property also has a 5-inch main sewer line with a 100-year corrosion warranty and on-street parking.

Located in University City, the property is near the Route 13 Trolley and Regional Rail. The site measures 0.0471 acres.

Key Highlights

• Three legally zoned two‑bedroom apartments; all are leased
• 4,066‑square‑foot masonry building constructed in 1915
• Finished basement

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,047

Cap Rate

8.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$880,940 $880.9K

Cap Rate 7%

$629,243 $629.2K

Cap Rate 9%

$489,411 $489.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,066 SF

Gross rent

$67.8K $16.68/SF

− Vacancy

−$4.9K −$1.20/SF

EGI

$62.9K $15.48/SF

− OpEx

−$18.9K −$4.64/SF

NOI

$44.0K $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 Rate 5%

$880,940

Cap Rate 7%

$629,243

Cap Rate 9%

$489,411

Alternative Uses

Best Use

Multifamily LT 5

$629.2K

$550.6K – $734.1K (±1% cap)

NOI $44,047 @ 7.0% cap · market cap 8.01%

Second Best

Apartment 5plus

$559.7K

$489.7K – $653.0K (±1% cap)

NOI $39,178 @ 7.0% cap · market cap 7.12%

Theoretical Best

Office A

$1.39M

$1.22M – $1.63M (±1% cap)

NOI $97,553 @ 7.0% cap · market cap 17.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Skin Care Clinic Real Estate Agency Parking Lot & Garage Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,785

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three leased two-bedroom apartments have separate electric and water meters.

Where is this triplex located?

The property is located at 5013-00 CHESTER Avenue Philadelphia, PA.

What is the asking price?

The asking price for this property is $549,900.

What are key features of this property?

This property features: Three legally zoned two‑bedroom apartments; all are leased; 4,066‑square‑foot masonry building constructed in 1915; Finished basement