Renovated Triplex in Kingsessing
1247 S 53RD Street, Philadelphia, PA 19143
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property size:
2,900 SFLot size:
0.04 AcresPrice / SF:
$181/SF- Added:
- May 19, 2026
- Days on Market:
- 13
- Last Refresh:
- May 31 at 8:06 am
Property Features for 1247 S 53RD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement, Dining Room
- Parking features
- On Street
- Interior features
- Recessed Lighting, Bathroom - Stall Shower, Upgraded Countertops, Ceiling Fan(s), Combination Kitchen/Dining, Floor Plan - Open, Kitchen - Island, Built-Ins, Dining Area, Entry Level Bedroom, Kitchen - Gourmet, Primary Bath(s), Sprinkler System, Wood Floors
- Appliances
- Built-In Microwave, Dishwasher, Oven/Range - Electric, Refrigerator, Washer, Dryer, Intercom, Stainless Steel Appliances
- Standard status
- Active
- Size
- 2,900 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2167
Utilities
- Cooling system
- Ductless, Central Air, Ceiling Fan(s)
Building Details
- Year built
- 1917
- Number of units
- 3
- Building materials
- Mixed
- Architectural style
- Other
Listing agent Eric D Feinberg License #RS318964 (484) 948-5872
Listing office Keller Williams Realty Group 400 Arcola Road unit: A5, Limerick, PA (610) 792-5900
Listing date May 19, 2026
MLS# PAPH2621000
Listing URL
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.
HighLights
- Significant cash flow generation as a triplex investment property.
- Tax Abatement in place through 12/31/30.
- Completely renovated in 2019.
- Ideal location in the desirable Kingsessing neighborhood, close to universities, hospitals, public transportation, and Baltimore Avenue.
- Flexible layout suitable for both investors and owner‑occupants, with potential for substantial rental income.
- Ideal unit mix: one 2‑bed/2‑bath bi‑level unit with den/office, one 2‑bed/1‑bath unit, and one 1‑bed/1‑bath unit.
Overview
Located in the Kingsessing neighborhood of Philadelphia, the property at 1247 S 53rd St is a triplex featuring three residential units. Renovated in 2019, this property offers an investment opportunity with cash flow and a tax abatement through 12/31/30. The building spans 2900 square feet on a 0.0446-acre lot. The unit mix includes a bi-level unit with 2 bedrooms, 2 full bathrooms, and den/office spaces; a 2-bedroom, 1-full-bathroom unit; and a 1-bedroom, 1-bathroom unit. The property is near the University of Penn, Drexel University, CHOP, and Penn Hospital. Public transportation is easily accessible via Trolley Lines 13 and 34, and the property is near Baltimore Avenue. This property may suit investors seeking cash flow and long-term upside, or an owner-occupant looking to reduce housing expenses while owning a renovated building in Philadelphia.
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 | $48.4k | $16.68 |
| − Vacancy | −$3.5k | −$1.20 |
| EGI | $44.9k | $15.48 |
| − OpEx | −$13.5k | −$4.64 |
| NOI | $31.4k | $10.83 |
2,900 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$448.8K
$392.7K – $523.6K
NOI $31,416 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$399.2K
$349.3K – $465.7K
NOI $27,943 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$994.0K
$869.7K – $1.16M
NOI $69,578 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.22272
- Latitude
- 39.94198
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three residential units with tax abatement in desirable Philadelphia location.
Where is this triplex located?
The property is located at 1247 S 53RD Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Significant cash flow generation as a triplex investment property.; Tax Abatement in place through 12/31/30.; Completely renovated in 2019.
