Fully Leased Triplex with In-Unit
305 N 41ST Street Philadelphia, PA 19104
305 N 41ST Street, Philadelphia, PA, 19104
$610,000
For Sale
$610,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,505 SF
Lot Size0.03 Acres
Price / SF$243.51
Days on Market29
Property Features for 305 N 41ST Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Dryer, Oven - Single, Stove, Stainless Steel Appliances, Washer, WaterHeater, Microwave, Range Hood, Oven/Range - Gas
- Standard status
- Active
- Size
- 2,505 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9461
Building Details
- Year built
- 1915
- Number of units
- 3
- Building materials
- Brick
Listing Agency
OCF Realty LLC - Philadelphia
(215) 735-7368
1936 Washington Avenue, Philadelphia, PA
Listed by
Dava Costello · License #RS332269
(267) 304-1771
Added: Jun 22 Checked: Jul 20 at 2:06 pm
MLS# PAPH2639672
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 fully leased triplex includes three well-maintained 2-bedroom, 1-bath apartments. Each unit features hardwood flooring and in-unit laundry. The kitchens have been recently upgraded with granite countertops, white cabinetry, and newer appliances, and the bathrooms include updated fixtures and modern finishes. Units share access through a common foyer and hallway, providing residents convenient, private entries. The lower-level apartment is the largest and offers private outdoor patio space plus direct basement access, which can be used for additional storage.
Located at 305 N 41st Street in Philadelphia’s West Powelton area, the property is positioned for everyday convenience. The home is walkable to multiple major university campuses, including UPenn and Drexel, and is minutes from University City hospitals and research centers. The listing also notes proximity to major transit options, including being two blocks from 40th Street Station, with rail, trolley, and bus access. Reported Walk Score is 85 and Transit Score is 99, supporting connectivity to Market Street, Lancaster Avenue, Spring Garden Street, Center City, I-76, and I-95.
For investors or owner-occupants, the appeal is straightforward: a turn-key, fully leased income setup with consistent unit layouts and interior upgrades, plus a lower-level unit that adds an outdoor patio and basement access for storage. The property’s shared entry configuration and well-defined amenities support a practical, tenant-ready living experience.
Located at 305 N 41st Street in Philadelphia’s West Powelton area, the property is positioned for everyday convenience. The home is walkable to multiple major university campuses, including UPenn and Drexel, and is minutes from University City hospitals and research centers. The listing also notes proximity to major transit options, including being two blocks from 40th Street Station, with rail, trolley, and bus access. Reported Walk Score is 85 and Transit Score is 99, supporting connectivity to Market Street, Lancaster Avenue, Spring Garden Street, Center City, I-76, and I-95.
For investors or owner-occupants, the appeal is straightforward: a turn-key, fully leased income setup with consistent unit layouts and interior upgrades, plus a lower-level unit that adds an outdoor patio and basement access for storage. The property’s shared entry configuration and well-defined amenities support a practical, tenant-ready living experience.
Key Highlights
- Fully leased Philadelphia triplex with three 2‑bed, 1‑bath apartments
- Each unit includes in‑unit laundry and hardwood flooring
- Recently upgraded kitchens and bathrooms with stainless steel appliances and granite countertops
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 | $64.6k | $25.80 |
| − Vacancy | −$3.6k | −$1.42 |
| EGI | $61.1k | $24.38 |
| − OpEx | −$18.3k | −$7.31 |
| NOI | $42.7k | $17.06 |
2,505 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$610.7K
$534.4K – $712.5K
NOI $42,748 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$562.9K
$492.5K – $656.7K
NOI $39,402 @ 7.0% cap · market cap 6.46%
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
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FAQs
What type of property is this?
Triplex - Three leased 2BR/1BA units with in-unit laundry and updated kitchens and baths.
Where is this triplex located?
The property is located at 305 N 41ST Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Fully leased Philadelphia triplex with three 2‑bed, 1‑bath apartments; Each unit includes in‑unit laundry and hardwood flooring; Recently upgraded kitchens and bathrooms with stainless steel appliances and granite countertops
