Triplex with Central
For Sale
$659,900
1118 Green St, 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.
Property Size2,262 SF
Price / SF$291.73
Days on Market95
Property Features for 1118 Green St
General Information
Standard status
Active
Size
2,262 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
North Philadelphia
Building Details
Year Built
1915
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Canaan Realty Services INC
Listed By:
Haiyan Lin · License #RS334100
(215) 333-1826
Source:
Bethsamberg
Added: Jul 29
Changed: Oct 26
Last Checked: Oct 7 at 2:08PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$38,601
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,020
$772.0K
Cap Rate 7%
$551,443
$551.4K
Cap Rate 9%
$428,900
$428.9K
Market Conditions
NOI Build-Up for 2,262 SF
Gross rent
$58.4K $25.80/SF
− Vacancy
−$3.2K −$1.42/SF
EGI
$55.1K $24.38/SF
− OpEx
−$16.5K −$7.31/SF
NOI
$38.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,020
Cap Rate 7%
$551,443
Cap Rate 9%
$428,900
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,285
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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 St 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
