Philadelphia Triplex with Central
225 GREEN Street, Philadelphia, PA 19123
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property size:
2,760 SFLot size:
0.03 AcresPrice / SF:
$288/SF- Added:
- Oct 7, 2022
- Days on Market:
- 1336
- Last Refresh:
- Jun 3 at 1:06 am
Property Features for 225 GREEN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,760 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6866
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Fred R Levine License #RB043558A (215) 465-3733
Listing office Fred R Levine Real Estate 1440 S 8th Street, Philadelphia, PA (215) 465-3733
Listing date Oct 7, 2022
MLS# PAPH2167910
Listing URL
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HighLights
- High Income Generating Triplex: All units are currently leased, providing immediate rental income.
- Each unit is equipped with central air, a desirable amenity for tenants.
- Prime Location: Situated near Third and Spring Garden Streets, close to the Delaware River, Center City Philadelphia, and I‑95.
- Two‑Bedroom Units: Each of the three units features two bedrooms, appealing to a broad tenant base.
- Large Yard: The property includes a large yard, offering outdoor space.
- Masonry Construction: Built with durable masonry materials.
Overview
This large triplex is located one half block from Third and Spring Garden Streets, offering convenient access to the Delaware River, Center City Philadelphia, and Interstate 95. Each of the three units features two bedrooms and central air conditioning. The property also includes a large yard. Unit A's lease ends on May 31, 2024, with a rent of $1470 per month. Unit B's lease renews for a year on May 1, 2024, with the current rent at $1340 per month. Unit C's lease ends on October 31, 2024, with a rent of $1500 per month. The property size is 2760 square feet and the lot size is 0.0302 acres.
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 | $71.2k | $25.80 |
| − Vacancy | −$3.9k | −$1.42 |
| EGI | $67.3k | $24.38 |
| − OpEx | −$20.2k | −$7.31 |
| NOI | $47.1k | $17.06 |
2,760 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$672.8K
$588.7K – $785.0K
NOI $47,099 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$620.2K
$542.7K – $723.6K
NOI $43,413 @ 7.0% cap · market cap 5.46%
Theoretical Best
—
—
same as Best Use
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
- -75.1424866
- Latitude
- 39.9613876
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Large triplex near Center City with strong rental income.
Where is this triplex located?
The property is located at 225 GREEN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: High Income Generating Triplex: All units are currently leased, providing immediate rental income.; Each unit is equipped with central air, a desirable amenity for tenants.; Prime Location: Situated near Third and Spring Garden Streets, close to the Delaware River, Center City Philadelphia, and I‑95.
