924 N 15TH Street Philadelphia, PA 19130
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Features for 924 N 15TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,469 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2249
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2017
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Contemporary
Listing agent LIN LIN DONG License #RS345597 (215) 834-8897
Listing office Realty Mark Associates - KOP 215 W Church Road unit: 203, Philadelphia, PA (215) 376-4444
Listing date Sep 21, 2025
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.
The property is located one block from Girard Avenue in Philadelphia’s Fairmount neighborhood, with public transit on Girard Avenue described as nearby and I-76 minutes away. The offering also notes that the Philadelphia Museum of Art, restaurants, shops, and green spaces are within walking distance.
For purchasers, the triplex is positioned for hands-on or managed rental operations with tenant responsibility for all utilities, while the owner covers hallway lighting and sprinkler water only. The units are currently leased, with stated monthly rents of $1,900 for Unit A, $1,300 for Unit B, and $1,800 for Unit C. A 10-year tax abatement is in place through 2027, which the listing indicates may help reduce ongoing property costs.
Key Highlights
- Fully leased triplex generating $5,000 monthly income in the desirable Fairmount neighborhood.
- 10‑year tax abatement in place through 2027, offering significant savings.
- Modern units feature high‑end finishes including quartz countertops, stainless steel appliances, and hardwood flooring.
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 | $63.7k | $25.80 |
| − Vacancy | −$3.5k | −$1.42 |
| EGI | $60.2k | $24.38 |
| − OpEx | −$18.1k | −$7.31 |
| NOI | $42.1k | $17.06 |
