9878 GARVEY Drive, Philadelphia, PA 19114
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Features for 9878 GARVEY Drive
General Information
Taxes and HOA fees
Utilities
Amenities
Building Details
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Investment Insights
Based on property information with market context.
The ground-level efficiency unit includes a private entrance, recessed lighting, ceramic tile flooring, and a modern kitchen with white cabinets. Common areas provide access to the backyard and include two large storage closets, plus a washer/dryer.
The property sits on a fully fenced backyard and includes a four-car driveway along with plenty of street parking.
Key Highlights
- All‑brick end unit 3‑unit property with on‑street parking and a 4‑car driveway
- 1973 construction with forced‑air heating and central air conditioning
- Unit mix: two 2 bed/1 bath units plus a ground‑level efficiency unit with private entrance
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.6k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $44.0k | $24.38 |
| − OpEx | −$13.2k | −$7.31 |
| NOI | $30.8k | $17.06 |
Alternative Uses
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Location Intelligence
Trade Area within ½ mile
Demographics for 19114, PA
Market
Vacancy Rate% for Multifamily in Northeast region