Triplex with Central
For Sale
$659,900
1118 GREEN STREET, Philadelphia, PA 19123
Triplex offers central HVAC, with two vacant units on the first and second floors and a leased third-floor 1-bedroom unit.
Days on Market67
Property Features for 1118 GREEN STREET
General Information
Standard status
Active
Property subtype
Triplex
Building Details
Building Size
2,262 SF
Year Built
1915
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Canaan Realty Services INC
(215) 333-1826
Listed By:
Haiyan Lin · License #RS334100
(215) 333-1826
Source:
Patmckennarealtors
Added: May 27
Changed: Jul 30
Last Checked: Jul 31 at 11:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Canaan Realty Services INC
Investment Insights
Based on property information with market context.
This good-condition triplex includes central HVAC and a three-floor layout. The first and second floors each feature a two-bedroom unit with a full tile bathroom, hardwood flooring, and a modern finished kitchen. Those two units are currently vacant, with the prior tenants having completed the lease and moved out.
The third floor provides a 1-bedroom unit with a full bathroom and a deck. A tenant is in place on the third floor under a lease that runs through Nov 30, 2026.
Built in 1915, the property combines functional unit separation by floor with finished interior features including hardwood flooring, tile bathrooms, and modern kitchen finishes, offering flexibility for an owner-occupant or investor.
The third floor provides a 1-bedroom unit with a full bathroom and a deck. A tenant is in place on the third floor under a lease that runs through Nov 30, 2026.
Built in 1915, the property combines functional unit separation by floor with finished interior features including hardwood flooring, tile bathrooms, and modern kitchen finishes, offering flexibility for an owner-occupant or investor.
Key Highlights
- Triplex built in 1915
- Central HVAC servicing the property
- First and second floors are vacant two‑bedroom units
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 | $58.4k | $25.80 |
| − Vacancy | −$3.2k | −$1.42 |
| EGI | $55.1k | $24.38 |
| − OpEx | −$16.5k | −$7.31 |
| NOI | $38.6k | $17.06 |
2,262 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$551.4K
$482.5K – $643.4K
NOI $38,601 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$508.3K
$444.8K – $593.0K
NOI $35,580 @ 7.0% cap · market cap 5.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,285
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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 - Triplex offers central HVAC, with two vacant units on the first and second floors and a leased third-floor 1-bedroom unit.
Where is this triplex located?
The property is located at 1118 GREEN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Triplex built in 1915; Central HVAC servicing the property; First and second floors are vacant two‑bedroom units
