Three-Unit Residential Income
1118 Green Street Philadelphia, PA 19123
1118 Green Street, Philadelphia, PA, 19123
$679,900
For Sale
$679,900
Well-kept triplex with central HVAC and three distinct residences, offering live-in flexibility with separate units.
Property Size2,262 SF
Price / SF$300.57
Days on Market86
Property Features for 1118 Green Street
General Information
- Standard status
- Active
- Size
- 2,262 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency
Canaan Realty Services INC
(215) 333-1826
Listed by
Haiyan Lin · License #RS334100
(215) 333-1826
Source
Compass
Added: Apr 22 Checked: Jul 16 at 7:47 am
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 three residential units with separate layouts across multiple floors. The first and second floors each feature two bedrooms and a full bathroom with tile finishes, along with hardwood flooring and modern-finished kitchens. Both of these units also include central HVAC for year-round comfort. The third floor provides a one-bedroom and a full bathroom plus a deck.
Located in Philadelphia (MLS Area 19123), the property is offered for sale as a residential income triplex. The first and second floor are currently vacant, having been occupied during a prior lease term. The third-floor unit remains occupied under an existing lease.
For an owner-occupant or investor, the structure provides a practical combination of immediate flexibility and ongoing rental income. With the top unit leased through Nov 30, 2026 at $1,200 per month, an owner can plan around a stable tenant in one unit while preparing the two two-bedroom units for new occupancy or personal use. The overall arrangement—two larger units plus a separate one-bedroom with deck—can support a range of residential strategies.
Located in Philadelphia (MLS Area 19123), the property is offered for sale as a residential income triplex. The first and second floor are currently vacant, having been occupied during a prior lease term. The third-floor unit remains occupied under an existing lease.
For an owner-occupant or investor, the structure provides a practical combination of immediate flexibility and ongoing rental income. With the top unit leased through Nov 30, 2026 at $1,200 per month, an owner can plan around a stable tenant in one unit while preparing the two two-bedroom units for new occupancy or personal use. The overall arrangement—two larger units plus a separate one-bedroom with deck—can support a range of residential strategies.
Key Highlights
- Triplex built in 1915 with central HVAC and 2+ access exits
- 1st and 2nd floors each feature 2 bedrooms and full tile bathrooms
- 3rd‑floor unit offers 1 bedroom, a full bathroom, and a deck
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 | $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 5.68%
Second Best
Apartment 5plus
$508.3K
$444.8K – $593.0K
NOI $35,580 @ 7.0% cap · market cap 5.23%
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
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-kept triplex with central HVAC and three distinct residences, offering live-in flexibility with separate units.
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 $679,900.
What are key features of this property?
This property features: Triplex built in 1915 with central HVAC and 2+ access exits; 1st and 2nd floors each feature 2 bedrooms and full tile bathrooms; 3rd‑floor unit offers 1 bedroom, a full bathroom, and a deck
