Occupied Corner
New
For Sale
$320,000
7205 HAVERFORD AVENUE, Philadelphia, PA 19151
Three separately metered units support straightforward utility allocation.
Property Size1,828 SF
Days on Market5
Property Features for 7205 HAVERFORD AVENUE
General Information
Standard status
Active
Size
1,828 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$36,000
Taxes and HOA fees
Annual Taxes
$4,065
Amenities
huge backyard
exterior security lighting
centralized fire alarm system
Building Details
Building Size
1,828 SF
Year Built
1949
Listing Agency:
Realty Mark Associates
Listed By:
WALAA ELDIN ELABSY · License #RS370769
(215) 813-3067
Source:
Patmckennarealtors
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 20 at 12:15PM
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 Mark Associates
Investment Insights
Based on property information with market context.
This occupied triplex contains three independently metered residences: a rear 1-bedroom, 1-bathroom unit, plus two 2-bedroom, 1-bathroom apartments on the first and second floors. The first-floor residence has a brand-new central air system, while appliances throughout the building remain with the property. Tenants are responsible for utilities other than water, supporting a practical operating arrangement.
The building occupies a corner lot with a large backyard, timed exterior security lighting, and a centralized fire alarm system. The property is positioned near public transportation, shopping, and major roadways in West Philadelphia. Constructed in 1949, the asset includes a long-term tenant in the rear unit and a month-to-month tenancy in the second-floor unit.
The building occupies a corner lot with a large backyard, timed exterior security lighting, and a centralized fire alarm system. The property is positioned near public transportation, shopping, and major roadways in West Philadelphia. Constructed in 1949, the asset includes a long-term tenant in the rear unit and a month-to-month tenancy in the second-floor unit.
Key Highlights
- Three‑unit triplex with a 1‑bedroom and two 2‑bedroom residences
- Separate utility metering for each unit
- First‑floor apartment has a brand‑new central air system
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
$28,754
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
8.99%
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%
$575,080
$575.1K
Cap Rate 7%
$410,771
$410.8K
Cap Rate 9%
$319,489
$319.5K
Market Conditions
NOI Build-Up for 1,828 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
$55.5K $30.36/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$52.3K $28.60/SF
− OpEx
−$23.5K −$12.87/SF
NOI
$28.8K $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%
$575,080
Cap Rate 7%
$410,771
Cap Rate 9%
$319,489
Alternative Uses
Best Use
Multifamily LT 5
$445.6K
$389.9K – $519.9K
NOI $31,195 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$410.8K
$359.4K – $479.2K
NOI $28,754 @ 7.0% cap · market cap 8.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 19151, PA
30,394
Population
15,084
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
12,664
Density / Sq Mi
$58,046
Median Household Income
$42,504
Median Earnings
$1,167
Median Rent
$181,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered units support straightforward utility allocation.
Where is this triplex located?
The property is located at 7205 HAVERFORD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Three‑unit triplex with a 1‑bedroom and two 2‑bedroom residences; Separate utility metering for each unit; First‑floor apartment has a brand‑new central air system
