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Philadelphia Triplex Near Temple University

1431 N 17TH Street Philadelphia, PA 19121

1431 N 17TH Street, Philadelphia, PA, 19121
$699,990
For Sale
Claim this Listing
$699,990

MULTI_FAMILY - Other - PHILADELPHIA, PA

Property Size4,053 SF
Lot Size0.04 Acres
Price / SF$172.71
AddedMay 17, 2025
Days on Market425
Last RefreshJul 15 at 4:06 am

Property Features for 1431 N 17TH Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Standard status
Active
Size
4,053 SF
Lot size
0.04 Acres

Taxes and HOA fees

Tax Annual Amount
3687

Utilities

Heating system
Central
Cooling system
Central Air

Building Details

Year built
2016
Number of units
3
Building materials
Masonry
Architectural style
Other

Listing agent Xiao hui Fu License #RS350117

Listing office Target Realty 612 Washington Avenue unit: 1, Philadelphia, PA

Listing date May 17, 2025

MLS# PAPH2483590 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.


Investment Insights

Based on property information with market context.

This triplex, constructed in 2016, presents an investment opportunity. The property is in very good condition and is located close to Temple University. The building features three apartments. The first floor apartment is a bi-level unit with access to a back yard, covering the first floor and a finished basement. The basement level includes 2 bedrooms, 2 full baths, a living room, and a full-size washer and dryer. The first floor of this unit contains a kitchen, dining room, 3 bedrooms, and 2 full baths. The second floor apartment features 4 bedrooms, 4 baths, a washer and dryer, and a kitchen. The third floor apartment also includes 4 bedrooms, 4 full baths, a washer and dryer, and a kitchen. All apartments feature hardwood and tile floors, tiled showers and bathrooms, and central AC. Each apartment has separate meters for water and electric, with tenants responsible for all utilities. The property's proximity to shopping, public transportation, and Temple University makes it suitable for renting to college students. All apartments are currently tenant occupied. The property, situated on a lot of 0.0447 acres, offers 4053 square feet of living space. It is located in Philadelphia, PA, and is suitable for investment or owner occupancy with rental income from the other apartments.

Key Highlights

  • Triplex built in 2016, offering modern construction.
  • Close proximity to Temple University, great for consistent tenant pool.
  • Each apartment has its own central AC, washer and dryer, kitchen, and separate utility meters.

Local Financial Insights For Apartment 5plus

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 $123.0k $30.36
− Vacancy −$7.1k −$1.76
EGI $115.9k $28.60
− OpEx −$52.2k −$12.87
NOI $63.8k $15.73
4,053 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$988.1K
$864.6K – $1.15M (±1% cap)
NOI $69,164 @ 7.0% cap · market cap 9.88%
Second Best
Apartment 5plus
$910.7K
$796.9K – $1.06M (±1% cap)
NOI $63,752 @ 7.0% cap · market cap 9.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Electrical Service Nursing Home Nursing Home Tech Support Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Catering Service Tanning Salon (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Triplex built in 2016, close to Temple University.
Where is this triplex located?
The property is located at 1431 N 17TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,990.
What are key features of this property?
This property features: Triplex built in 2016, offering modern construction.; Close proximity to Temple University, great for consistent tenant pool.; Each apartment has its own central AC, washer and dryer, kitchen, and separate utility meters.
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More about this property
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