12-Unit Multifamily
For Sale
$783,333
5994 HENRY AVENUE, Philadelphia, PA 19128
12 units across three buildings with in-unit washer/dryer, dedicated storage, and separate utilities, all currently occupied.
Property Size3,192 SF
Price / SF$245.41
Days on Market107
Property Features for 5994 HENRY AVENUE
General Information
Standard status
Active
Size
3,192 SF
Total Parking Spaces
12
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Multifamily Units
12
Building Details
Year Built
1930
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Keith M Stallone · License #RS326084
(267) 606-8502
Source:
Cummingsrealtors
Added: May 23
Changed: Sep 5
Last Checked: Sep 6 at 7:07AM
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 is a 12-unit multifamily portfolio offered as a three-building package deal. The collection includes eight 2-bedroom units and four 1-bedroom units. Each unit features separate utilities, dedicated storage, an in-building washer/dryer, and a dedicated 1-car garage.
The portfolio is located in Roxborough at 5994 Henry Avenue, Philadelphia, PA 19128, and is sold together with the additional buildings referenced as MLS #PAPH2647468 (5982–5984) and MLS #PAPH2647570 (5986–5988). All units are currently occupied and rents are fully up to date.
For showings, the listing agent must be present and proof of funds or pre-approval is required prior to scheduling. The City of Philadelphia licenses are stated to be up to date.
The portfolio is located in Roxborough at 5994 Henry Avenue, Philadelphia, PA 19128, and is sold together with the additional buildings referenced as MLS #PAPH2647468 (5982–5984) and MLS #PAPH2647570 (5986–5988). All units are currently occupied and rents are fully up to date.
For showings, the listing agent must be present and proof of funds or pre-approval is required prior to scheduling. The City of Philadelphia licenses are stated to be up to date.
Key Highlights
- 12‑unit multifamily portfolio in Roxborough, built in 1930, sold as a 3‑building package
- Includes 5982‑5984 and 5986‑5988 Henry Ave (MLS# PAPH2647468 and MLS# PAPH2647570)
- Unit mix: eight 2‑bedroom units and four 1‑bedroom units across the three buildings
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
$50,209
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
6.41%
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%
$1,004,180
$1.0M
Cap Rate 7%
$717,271
$717.3K
Cap Rate 9%
$557,878
$557.9K
Market Conditions
NOI Build-Up for 3,192 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
$96.9K $30.36/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$91.3K $28.60/SF
− OpEx
−$41.1K −$12.87/SF
NOI
$50.2K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$1,004,180
Cap Rate 7%
$717,271
Cap Rate 9%
$557,878
Alternative Uses
Best Use
Apartment 5plus
$717.3K
$627.6K – $836.8K
NOI $50,209 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$778.2K
$680.9K – $907.9K
NOI $54,471 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
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?
Apartment building - 12 units across three buildings with in-unit washer/dryer, dedicated storage, and separate utilities, all currently occupied.
Where is this apartment building located?
The property is located at 5994 HENRY AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $783,333.
What are key features of this property?
This property features: 12‑unit multifamily portfolio in Roxborough, built in 1930, sold as a 3‑building package; Includes 5982‑5984 and 5986‑5988 Henry Ave (MLS# PAPH2647468 and MLS# PAPH2647570); Unit mix: eight 2‑bedroom units and four 1‑bedroom units across the three buildings
