Three-Unit Triplex with
New
For Sale
$339,900
5957 BELMAR STREET, Philadelphia, PA 19143
Three residential units offer matching layouts, appliance packages, and in-unit stacked laundry equipment.
Property Size1,150 SF
Price / SF$295.57
Days on Market3
Property Features for 5957 BELMAR STREET
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Triplex
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Amenities
appliance package
washer dryer duo stack
on-street parking
Building Details
Year Built
1920
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 735-7368
Listed By:
Jona Rizaj · License #RS347701
(267) 760-0704
Source:
Cummingsrealtors
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 1:52PM
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 OCF Realty LLC - Philadelphia
Investment Insights
Based on property information with market context.
This Philadelphia triplex contains three residential units, each configured with two bedrooms and one full bathroom. The property includes appliance packages, stacked washer-and-dryer sets, and tiled bathroom finishes. The reported property size is 1,150 square feet, and the building dates to 1920.
Located at 5957 Belmar Street in Philadelphia, the property provides on-street parking. Its three-unit layout supports a residential income configuration, with consistent unit features across the building.
Located at 5957 Belmar Street in Philadelphia, the property provides on-street parking. Its three-unit layout supports a residential income configuration, with consistent unit features across the building.
Key Highlights
- Three‑unit triplex with 2 bedrooms and 1 full bathroom per unit
- Reported property size of 1,150 square feet
- Appliance package included in 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
$12,458
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
3.67%
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%
$249,160
$249.2K
Cap Rate 7%
$177,971
$178.0K
Cap Rate 9%
$138,422
$138.4K
Market Conditions
NOI Build-Up for 1,150 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
$19.2K $16.68/SF
− Vacancy
−$1.4K −$1.20/SF
EGI
$17.8K $15.48/SF
− OpEx
−$5.3K −$4.64/SF
NOI
$12.5K $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%
$249,160
Cap Rate 7%
$177,971
Cap Rate 9%
$138,422
Alternative Uses
Best Use
Multifamily LT 5
$178.0K
$155.7K – $207.6K
NOI $12,458 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$158.3K
$138.5K – $184.7K
NOI $11,081 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$394.2K
$344.9K – $459.9K
NOI $27,591 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,186
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 - Three residential units offer matching layouts, appliance packages, and in-unit stacked laundry equipment.
Where is this triplex located?
The property is located at 5957 BELMAR STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Three‑unit triplex with 2 bedrooms and 1 full bathroom per unit; Reported property size of 1,150 square feet; Appliance package included in each unit
