Victorian Three-Unit
New
For Sale
$575,000
825 S 49TH STREET, Philadelphia, PA 19143
Three one-bedroom apartments retain period character and offer separate entrances across a three-level residential income property.
Property Size2,754 SF
Price / SF$208.79
Days on Market3
Property Features for 825 S 49TH STREET
General Information
Standard status
Active
Size
2,754 SF
Property subtype
Triplex
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Year Built
1920
Buildings
1
Stories
3
Construction
Victorian
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Algernong Allen III · License #1540316
(267) 934-5551
Source:
Cummingsrealtors
Added: Sep 14
Changed: Sep 15
Last Checked: Sep 15 at 5:30AM
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 KW Empower
Investment Insights
Based on property information with market context.
This 1920 Victorian triplex contains three one-bedroom, one-bath apartments arranged across the first, second, and third levels. Each unit has a separate entrance, while the building retains substantial historic character, including hardwood floors with decorative inlays, ornate fireplace mantels, a traditional vestibule, arched windows, and a winding staircase topped by a skylight. Exterior features include a turreted bay, spire, stone-based front porch, wide lot, and spacious rear yard.
The property is located at 825 S 49th Street in Philadelphia’s Cedar Park neighborhood. Cedar Park and Clark Park are nearby, along with Regional Rail service at 49th Street, trolley routes on Baltimore and Chester Avenues, and multiple bus routes. Penn, Drexel, CHOP, Center City, and neighborhood businesses are also within reach. With appropriate approvals, conversion to a single-family residence may be possible.
The property is located at 825 S 49th Street in Philadelphia’s Cedar Park neighborhood. Cedar Park and Clark Park are nearby, along with Regional Rail service at 49th Street, trolley routes on Baltimore and Chester Avenues, and multiple bus routes. Penn, Drexel, CHOP, Center City, and neighborhood businesses are also within reach. With appropriate approvals, conversion to a single-family residence may be possible.
Key Highlights
- Three one‑bedroom, one‑bath apartments across the first, second, and third levels
- Each apartment has its own entrance
- 1920 construction with preserved Victorian architectural details
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
$29,834
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
5.19%
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%
$596,680
$596.7K
Cap Rate 7%
$426,200
$426.2K
Cap Rate 9%
$331,489
$331.5K
Market Conditions
NOI Build-Up for 2,754 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
$45.9K $16.68/SF
− Vacancy
−$3.3K −$1.20/SF
EGI
$42.6K $15.48/SF
− OpEx
−$12.8K −$4.64/SF
NOI
$29.8K $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%
$596,680
Cap Rate 7%
$426,200
Cap Rate 9%
$331,489
Alternative Uses
Best Use
Multifamily LT 5
$426.2K
$372.9K – $497.2K
NOI $29,834 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$379.1K
$331.7K – $442.3K
NOI $26,536 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$943.9K
$825.9K – $1.10M
NOI $66,075 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,528
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
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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 one-bedroom apartments retain period character and offer separate entrances across a three-level residential income property.
Where is this triplex located?
The property is located at 825 S 49TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three one‑bedroom, one‑bath apartments across the first, second, and third levels; Each apartment has its own entrance; 1920 construction with preserved Victorian architectural details
