South Kensington Triplex Investment
1211 N FRANKLIN Street Philadelphia, PA 19122
For Sale
$799,900
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size3,500 SF
Price / SF$228.54
Days on Market477
Property Features for 1211 N FRANKLIN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Appliances
Washer, Dryer
Standard status
Active
Size
3,500 SF
Taxes and HOA fees
Tax Annual Amount
2351
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2017
Number of units
3
Building materials
Masonry
Architectural style
Contemporary
Listing Agency:
Houwzer, LLC
(267) 765-2080
Listed By:
Michael DeFiore · License #RS329854
(609) 790-4824
Added: Apr 10, 2025
Changed: Jun 30
Last Checked: Jul 30 at 5:06AM
MLS# PAPH2465658
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 triplex, constructed in 2017, is located in the South Kensington/Northern Liberties area of Philadelphia, Pennsylvania. The property is situated near Girard Avenue, providing convenient access to transportation and a short walk to Fishtown and Northern Liberties. The building consists of three units, each with separate utilities. The first-floor unit is a bi-level layout with three bedrooms and two bathrooms, and includes a private backyard. The second and third-floor units each contain two bedrooms and one bathroom. The second-floor unit features an open layout, while the third-floor unit includes a private roof deck with views of Center City. Interior features include hardwood flooring, modern kitchens equipped with quartz countertops and stainless steel appliances, in-unit laundry facilities, video intercoms, and bathrooms with porcelain tile and brushed nickel fixtures. The property is currently generating approximately $5,350 per month in projected rent. The property size is 3500 square feet. The property has a 10-Year Tax Abatement and potential for condo conversion.
Key Highlights
- Prime location in South Kensington/Northern Liberties, steps from Girard Ave and a short walk from Fishtown.
- Generates approximately $5,350/month in projected rent with strong rental income.
- Features a 10‑Year Tax Abatement.
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 | $90.3k | $25.80 |
| − Vacancy | −$5.0k | −$1.42 |
| EGI | $85.3k | $24.38 |
| − OpEx | −$25.6k | −$7.31 |
| NOI | $59.7k | $17.06 |
3,500 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$853.2K
$746.6K – $995.5K
NOI $59,727 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$786.5K
$688.2K – $917.6K
NOI $55,053 @ 7.0% cap · market cap 6.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Rare triplex near Girard Ave with strong rental income.
Where is this triplex located?
The property is located at 1211 N FRANKLIN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Prime location in South Kensington/Northern Liberties, steps from Girard Ave and a short walk from Fishtown.; Generates approximately $5,350/month in projected rent with strong rental income.; Features a 10‑Year Tax Abatement.
