Masonry Triplex with Diverse Unit
New
For Sale
$215,000
900 MARCELLA Street, Philadelphia, PA 19124
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,212 SF
Lot Size0.02 Acres
Price / SF$177.39
Days on Market2
Property Features for 900 MARCELLA Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Fireplace
1
Subdivision
SUMMERDALE
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,212 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
2343
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1940
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Real Estate-Langhorne · Keller Williams Realty
(215) 757-6100
Listed By:
Peter A Dragani · License #RS331013
(215) 378-7288
Added: Aug 12
Last Checked: Aug 13 at 5:06PM
MLS# PAPH2658930
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.
This 1,212-square-foot triplex contains three separate dwellings arranged across the first floor, second floor, and basement. The first-floor studio includes LVL flooring and both front and rear entrances. A two-bedroom unit occupies the second floor and features newer carpeting and a tiled bathroom. The basement provides a one-bedroom unit.
Built in 1940, the property has masonry construction, hot-water heating, a fireplace, and on-street parking. The compact 0.0218-acre parcel is located at 900 Marcella Street in Philadelphia, Pennsylvania 19124.
Built in 1940, the property has masonry construction, hot-water heating, a fireplace, and on-street parking. The compact 0.0218-acre parcel is located at 900 Marcella Street in Philadelphia, Pennsylvania 19124.
Key Highlights
- Three‑unit layout with studio, two‑bedroom, and one‑bedroom residences
- 1,212 square feet on a 0.0218‑acre parcel
- Masonry construction dating to 1940
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
$15,617
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
7.26%
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%
$312,340
$312.3K
Cap Rate 7%
$223,100
$223.1K
Cap Rate 9%
$173,522
$173.5K
Market Conditions
NOI Build-Up for 1,212 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
$24.0K $19.80/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$22.3K $18.41/SF
− OpEx
−$6.7K −$5.52/SF
NOI
$15.6K $12.89/SF
Area
ZIP 19124
Vacancy
7.03%
Lease Rate
$19.80 /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%
$312,340
Cap Rate 7%
$223,100
Cap Rate 9%
$173,522
Alternative Uses
Best Use
Multifamily LT 5
$223.1K
$195.2K – $260.3K
NOI $15,617 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$205.3K
$179.6K – $239.5K
NOI $14,370 @ 7.0% cap · market cap 6.68%
Theoretical Best
Specialty Retail
$697.2K
$610.0K – $813.4K
NOI $48,801 @ 7.0% cap · market cap 22.70%
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
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
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-unit masonry property offering a studio, a two-bedroom residence, and a one-bedroom lower-level dwelling.
Where is this triplex located?
The property is located at 900 MARCELLA Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Three‑unit layout with studio, two‑bedroom, and one‑bedroom residences; 1,212 square feet on a 0.0218‑acre parcel; Masonry construction dating to 1940
