PHILADELPHIA, PA 19120 Philadelphia, PA 19120
MULTI_FAMILY - PHILADELPHIA, PA
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,515 SF
Building Details
- Year built
- 1940
Listing agent Paul Dougherty (215) 301-9306
Listing office BHHS Fox & Roach Jenkintown Home Marketing Center PA (215) 887-0400
Listing date Aug 11, 2025
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Investment Insights
Based on property information with market context.
The property is located in Philadelphia, PA 19120, in the Oak Lane area. Tenant-paid expenses are electricity, cable, phone, and snow removal, while the owner pays sewer/water, pest control, and lawn care.
Key Highlights
- Triplex built in 1940 with current rents totaling $2,300/month: 2BR $1,300, 1BR $1,000, and one 1BR unit vacant.
- Current rents are listed as under market, with projected market rents of $1,500 for the 2BR and $1,200 and $1,000 for the 1BR units.
- Recent upgrades include newer windows, a newer electric heat system, and newer hot water heaters.
Local 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 | $25.3k | $16.68 |
| − Vacancy | −$1.8k | −$1.20 |
| EGI | $23.4k | $15.48 |
| − OpEx | −$7.0k | −$4.64 |
| NOI | $16.4k | $10.83 |