Triplex with Separate
2614 N 7TH STREET Philadelphia, PA 19133
For Sale
$699,900
MULTI_FAMILY - PHILADELPHIA, PA
Property Size3,300 SF
Price / SF$212.09
Days on Market73
Property Features for 2614 N 7TH STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Standard status
- Active
- Size
- 3,300 SF
Building Details
- Year built
- 2025
Listing Agency:
BHHS Fox & Roach Cherry Hill Home Marketing Center
(856) 428-8000
Listed By:
Valerie Yosef
(856) 906-4252
Added: May 12
Changed: Jul 23
Last Checked: Jul 23 at 12:06PM
MLS# PAPH2617120
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
Fully completed new construction triplex in Philadelphia, PA, featuring three separate units with separate utilities for each unit. The lower level unit offers approximately 1,600 square feet with 3 bedrooms and 3 full bathrooms, including private yard access. The middle unit includes approximately 825 square feet with 2 bedrooms and 1 bathroom, with an in-unit laundry setup and a modern open layout. The top floor unit also provides 2 bedrooms and 1 bathroom, along with private roof deck access.
The property is delivered as a turnkey asset with brand-new kitchens, bathrooms, flooring, appliances, and mechanical systems, plus updated building infrastructure intended to reduce future capital expenditures and operating risk. In-unit laundry is included in every unit.
Across all three layouts, the unit mix includes both ground-level and elevated private outdoor access, supporting a straightforward tenant experience within a low-maintenance, newly constructed building.
The property is delivered as a turnkey asset with brand-new kitchens, bathrooms, flooring, appliances, and mechanical systems, plus updated building infrastructure intended to reduce future capital expenditures and operating risk. In-unit laundry is included in every unit.
Across all three layouts, the unit mix includes both ground-level and elevated private outdoor access, supporting a straightforward tenant experience within a low-maintenance, newly constructed building.
Key Highlights
- Under construction triplex with Year Built 2025—fully completed new construction design.
- Three separate units with separate utilities for each unit.
- Lower unit: approx. 1,600 SF with 3 bedrooms, 3 full bathrooms, and private yard access.
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 | $85.1k | $25.80 |
| − Vacancy | −$4.7k | −$1.42 |
| EGI | $80.4k | $24.38 |
| − OpEx | −$24.1k | −$7.31 |
| NOI | $56.3k | $17.06 |
3,300 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$804.5K
$703.9K – $938.6K
NOI $56,314 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$741.5K
$648.8K – $865.1K
NOI $51,907 @ 7.0% cap · market cap 7.42%
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 - Fully completed new construction triplex with three units, separate utilities for each unit, and in-unit laundry.
Where is this triplex located?
The property is located at 2614 N 7TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Under construction triplex with Year Built 2025—fully completed new construction design.; Three separate units with separate utilities for each unit.; Lower unit: approx. 1,600 SF with 3 bedrooms, 3 full bathrooms, and private yard access.
