Philadelphia Triplex with Recent
1908 N 7TH Street Philadelphia, PA 19122
For Sale
$545,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,503 SF
Lot Size0.03 Acres
Price / SF$217.74
Days on Market161
Property Features for 1908 N 7TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,503 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10015
Utilities
- Heating system
- Heat Pump (Heating), Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1915
- Number of units
- 1
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency:
RE/MAX Access
(215) 400-2600
Listed By:
Edward P Diehl · License #AB069544
(215) 817-7602
Added: Feb 16
Changed: Jul 13
Last Checked: Jul 27 at 2:06AM
MLS# PAPH2584746
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, located in Philadelphia, Pennsylvania, features three units, each with 2 bedrooms and 2 bathrooms. The property generates a monthly income of $6000. The building was renovated two years ago and features new interiors throughout. The property size is 2503 square feet and the lot size is 0.034 acres.
Key Highlights
- Triplex generating $6000 monthly income
- Each unit has 2 bedrooms and 2 bathrooms
- Property was completely renovated 2 years ago
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 | $64.6k | $25.80 |
| − Vacancy | −$3.6k | −$1.42 |
| EGI | $61.0k | $24.38 |
| − OpEx | −$18.3k | −$7.31 |
| NOI | $42.7k | $17.06 |
2,503 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$610.2K
$533.9K – $711.9K
NOI $42,713 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$562.4K
$492.1K – $656.2K
NOI $39,371 @ 7.0% cap · market cap 7.22%
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
FAQs
What type of property is this?
Triplex - Renovated triplex in Philadelphia, generating $6000 monthly income.
Where is this triplex located?
The property is located at 1908 N 7TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Triplex generating $6000 monthly income; Each unit has 2 bedrooms and 2 bathrooms; Property was completely renovated 2 years ago
