Stabilized Triplex with Central
For Sale
$750,000
807 S 49TH Street, Philadelphia, PA 19143
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size3,213 SF
Lot Size0.06 Acres
Price / SF$233.43
Days on Market52
Property Features for 807 S 49TH Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Subdivision
CEDAR PARK
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,213 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7404
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1917
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Samantha Lee Miller · License #RS352351
(215) 692-3107
Added: Jul 9
Changed: Jul 20
Last Checked: Aug 29 at 3:06AM
MLS# PAPH2646096
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.
Investment Insights
Based on property information with market context.
807 S 49th Street is a stabilized three-unit triplex totaling 3,213 square feet in a four-story building with a basement. The property features three renovated units with distinct layouts: one 3-bedroom/1-bath unit, one 2-bedroom plus den/1-bath unit, and one 3-bedroom bi-level/1-bath unit. Residents share a laundry area located in the basement. Central air conditioning is available in all units, supporting year-round comfort.
The building is located just off Baltimore Avenue in Philadelphia’s Cedar Park neighborhood of West Philadelphia. The address is described as having close proximity to Cedar Park, Kingsessing Recreation Center, the University of Pennsylvania, and CHOP, with access to numerous trolley and bus lines. Walkability and transit connectivity are highlighted as part of the area’s rental corridor.
For buyers seeking an income-generating multifamily asset, this triplex offers a turnkey structure with three fully renovated, separately configured residences and centrally conditioned interiors. The shared basement laundry provides a practical amenity for tenant use. With unit sizes spanning 2-bedroom-plus-den through 3-bedroom configurations, the property can appeal to a range of household types looking for central A/C and well-defined living space.
The building is located just off Baltimore Avenue in Philadelphia’s Cedar Park neighborhood of West Philadelphia. The address is described as having close proximity to Cedar Park, Kingsessing Recreation Center, the University of Pennsylvania, and CHOP, with access to numerous trolley and bus lines. Walkability and transit connectivity are highlighted as part of the area’s rental corridor.
For buyers seeking an income-generating multifamily asset, this triplex offers a turnkey structure with three fully renovated, separately configured residences and centrally conditioned interiors. The shared basement laundry provides a practical amenity for tenant use. With unit sizes spanning 2-bedroom-plus-den through 3-bedroom configurations, the property can appeal to a range of household types looking for central A/C and well-defined living space.
Key Highlights
- 3,213 SF stabilized triplex at 807 S 49th Street in the Cedar Park neighborhood of West Philadelphia
- Four‑story building with basement and masonry construction
- Three renovated units: one 3BR/1BA, one 2BR plus den/1BA, and one 3BR bi‑level/1BA
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
$34,806
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
4.64%
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%
$696,120
$696.1K
Cap Rate 7%
$497,229
$497.2K
Cap Rate 9%
$386,733
$386.7K
Market Conditions
NOI Build-Up for 3,213 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
$53.6K $16.68/SF
− Vacancy
−$3.9K −$1.20/SF
EGI
$49.7K $15.48/SF
− OpEx
−$14.9K −$4.64/SF
NOI
$34.8K $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%
$696,120
Cap Rate 7%
$497,229
Cap Rate 9%
$386,733
Alternative Uses
Best Use
Multifamily LT 5
$497.2K
$435.1K – $580.1K
NOI $34,806 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$442.3K
$387.0K – $516.0K
NOI $30,959 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$1.10M
$963.6K – $1.28M
NOI $77,087 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,076
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 renovated residential units in a four-story triplex, each with central A/C and basement shared laundry.
Where is this triplex located?
The property is located at 807 S 49TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,213 SF stabilized triplex at 807 S 49th Street in the Cedar Park neighborhood of West Philadelphia; Four‑story building with basement and masonry construction; Three renovated units: one 3BR/1BA, one 2BR plus den/1BA, and one 3BR bi‑level/1BA
