Triplex with Private
For Sale
$415,000
537 S 55TH Street, Philadelphia, PA 19143
Multi-Family, PHILADELPHIA, PA
Property Size2,655 SF
Lot Size0.11 Acres
Price / SF$156.31
Days on Market98
Property Features for 537 S 55TH Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement, Dining Room
Parking features
Driveway, On Street
Interior features
Bathroom - Tub Shower, Ceiling Fan(s), Combination Kitchen/Living, Dining Area, Wood Floors
Appliances
Built-In Microwave, Dishwasher, Oven/Range - Electric, Refrigerator, Washer, Dryer
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,655 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
7165
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1925
Number of units
1
Building materials
Masonry
Architectural style
Victorian
Listing Agency:
Opus Elite Real Estate
(215) 395-6277
Listed By:
Anthony R Castaneda · License #RS325527
(267) 974-4423
Added: Jun 25
Changed: Sep 16
Last Checked: Sep 30 at 8:06PM
MLS# PAPH2630084
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 2,655-square-foot Victorian triplex, built in 1925, contains three residential units. Two apartments offer two bedrooms and one bathroom each, while a bilevel second- and third-floor residence includes four bedrooms and two bathrooms. The building features masonry construction, commercial-grade laminate flooring, tiled kitchens and bathrooms, wood floors, and central air with forced-air heating. Large windows and high ceilings bring natural light and an open feel to the interiors. A private driveway complements available on-street parking.
All three units are currently leased. The property is located in Philadelphia’s 19143 ZIP code, with access to public transit, parks, restaurants, cafés, shops, and local services. Baltimore Avenue and Clark Park are nearby, providing additional neighborhood amenities and outdoor space.
All three units are currently leased. The property is located in Philadelphia’s 19143 ZIP code, with access to public transit, parks, restaurants, cafés, shops, and local services. Baltimore Avenue and Clark Park are nearby, providing additional neighborhood amenities and outdoor space.
Key Highlights
- Three‑unit triplex with two 2‑bedroom units and one 4‑bedroom bilevel unit
- 2,655 square feet on a 0.112‑acre lot
- All three units are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,762
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,240
$575.2K
Cap Rate 7%
$410,886
$410.9K
Cap Rate 9%
$319,578
$319.6K
Market Conditions
NOI Build-Up for 2,655 SF
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.
Gross rent
$44.3K $16.68/SF
− Vacancy
−$3.2K −$1.20/SF
EGI
$41.1K $15.48/SF
− OpEx
−$12.3K −$4.64/SF
NOI
$28.8K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,240
Cap Rate 7%
$410,886
Cap Rate 9%
$319,578
Alternative Uses
Best Use
Multifamily LT 5
$410.9K
$359.5K – $479.4K
NOI $28,762 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$365.5K
$319.8K – $426.4K
NOI $25,582 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$910.0K
$796.3K – $1.06M
NOI $63,700 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,981
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased multifamily property with three distinct units, central air, updated finishes, and driveway parking.
Where is this triplex located?
The property is located at 537 S 55TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Three‑unit triplex with two 2‑bedroom units and one 4‑bedroom bilevel unit; 2,655 square feet on a 0.112‑acre lot; All three units are currently leased
