Brick Triplex with In-Unit
For Sale
$639,900
5643 E WISTER STREET, Philadelphia, PA 19144
Three residential units combine bedroom layouts, private laundry, and separate electric and water metering.
Property Size2,742 SF
Price / SF$233.37
Days on Market12
Property Features for 5643 E WISTER STREET
General Information
Standard status
Active
Size
2,742 SF
Property subtype
Triplex
Units
Unit Mix
1 x 5BR/2BA, 1 x 3BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Additional Details
Sprinkler System
Yes
Amenities
in-unit laundry
eat-in kitchens
granite countertops
recessed lighting
central air conditioning
hardwood floors
cable wiring
Building Details
Year Built
2013
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Jeanne M Polizzi · License #RS289379
(215) 767-7814
Source:
Cummingsrealtors
Added: Aug 23
Changed: Sep 2
Last Checked: Sep 2 at 5:02PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 2,742-square-foot brick triplex, built in 2013, contains 11 bedrooms across three residential units. The first-floor apartment includes five bedrooms and two bathrooms, while the second- and third-floor apartments each have three bedrooms and one bathroom. Every unit includes a washer and dryer, an eat-in kitchen with granite countertops, recessed lighting, hardwood floors, central air, and all-electric heat. Bedrooms accommodate queen-sized beds, and each unit has a 200 Amp service panel. A fire suppression system and hardwired cable infrastructure are also in place.
The property is located at 5643 E Wister St in Philadelphia’s Germantown area, next to La Salle University and Central High School. The Shops at La Salle are one block away. Units 1 and 3 are currently occupied, and separate water and electric meters serve the property.
The property is located at 5643 E Wister St in Philadelphia’s Germantown area, next to La Salle University and Central High School. The Shops at La Salle are one block away. Units 1 and 3 are currently occupied, and separate water and electric meters serve the property.
Key Highlights
- 2,742 SF brick triplex built in 2013
- Three units with 11 total bedrooms
- Unit layouts include 5 bedrooms/2 baths and two 3‑bedroom/1‑bath units
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
$46,792
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
7.31%
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%
$935,840
$935.8K
Cap Rate 7%
$668,457
$668.5K
Cap Rate 9%
$519,911
$519.9K
Market Conditions
NOI Build-Up for 2,742 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
$70.7K $25.80/SF
− Vacancy
−$3.9K −$1.42/SF
EGI
$66.8K $24.38/SF
− OpEx
−$20.1K −$7.31/SF
NOI
$46.8K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /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%
$935,840
Cap Rate 7%
$668,457
Cap Rate 9%
$519,911
Alternative Uses
Best Use
Multifamily LT 5
$668.5K
$584.9K – $779.9K
NOI $46,792 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$616.1K
$539.1K – $718.8K
NOI $43,130 @ 7.0% cap · market cap 6.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Explore this area
Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
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 residential units combine bedroom layouts, private laundry, and separate electric and water metering.
Where is this triplex located?
The property is located at 5643 E WISTER STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: 2,742 SF brick triplex built in 2013; Three units with 11 total bedrooms; Unit layouts include 5 bedrooms/2 baths and two 3‑bedroom/1‑bath units
