Triplex Property with Day
89 SPARKS Street, Philadelphia, PA 19120
For Sale
$338,000
Under Contract
Multi-Family, PHILADELPHIA, PA
Property Size1,530 SF
Lot Size0.04 Acres
Price / SF$220.92
Days on Market53
Property Features for 89 SPARKS Street
General Information
Property type
Property subtype
Rooms
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Chapel Realty Sales · Century 21 Real Estate
(215) 473-7140
Listed By:
Stacey L Alston · License PA RS222634L
(267) 246-4856
Added: Sep 18
Changed: Oct 16
Last Checked: Nov 9 at 11:06AM
MLS# PAPH2672264
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.
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Investment Insights
Based on property information with market context.
This 1,530-square-foot multifamily property, built in 1928, is constructed with masonry and includes a ground-level day care use with legal use registration. The property is fully occupied, with all units placed on yearly leases. Heating is provided by electric baseboard systems, and parking is available on street.
Located in Philadelphia, the property offers access to transportation, schools, shopping, and Roosevelt Blvd. Showings of the upper floors require 24–48 hours’ notice, while the day care area is available for viewing on weekends or evenings for serious interest.
Located in Philadelphia, the property offers access to transportation, schools, shopping, and Roosevelt Blvd. Showings of the upper floors require 24–48 hours’ notice, while the day care area is available for viewing on weekends or evenings for serious interest.
Key Highlights
- 1,530‑square‑foot multifamily property on 0.0434 acres
- Ground‑level day care with legal use registration
- Fully occupied with all units on yearly leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,574
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,480
$331.5K
Cap Rate 7%
$236,771
$236.8K
Cap Rate 9%
$184,156
$184.2K
Market Conditions
NOI Build-Up for 1,530 SF
Gross rent
$25.5K $16.68/SF
− Vacancy
−$1.8K −$1.20/SF
EGI
$23.7K $15.48/SF
− OpEx
−$7.1K −$4.64/SF
NOI
$16.6K $10.83/SF
Area
ZIP 19120
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 Rate 5%
$331,480
Cap Rate 7%
$236,771
Cap Rate 9%
$184,156
Alternative Uses
Best Use
Multifamily LT 5
$236.8K
$207.2K – $276.2K
NOI $16,574 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$210.6K
$184.3K – $245.7K
NOI $14,742 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$365.5K
$319.8K – $426.4K
NOI $25,584 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Philadelphia, PA
Properties on Market for Triplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully leased multifamily property with a registered ground-level day care use and convenient access to transportation and shopping.
Where is this triplex located?
The property is located at 89 SPARKS Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $338,000.
What are key features of this property?
This property features: 1,530‑square‑foot multifamily property on 0.0434 acres; Ground‑level day care with legal use registration; Fully occupied with all units on yearly leases
