Triplex with Private
New
For Sale
$650,000
1132 Mount Vernon Street, Philadelphia, PA 19123
One apartment is vacant, with the other two available to generate rental income and separate meters serving each unit.
Property Size2,496 SF
Days on Market3
Property Features for 1132 Mount Vernon Street
General Information
Standard status
Active
Size
2,496 SF
Property subtype
Multi-Family
Zoning
RSA5
Financials
Gross Income
$59,976
Average Monthly Rent
$1,650
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Units
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,123
Amenities
central air
private patio
coin-operated washer and dryer
Full
Natural Gas
Yes
Common
1
Assessor
No Pool
0.00
Public
U50
16X80
0.03
No
On Street
Other
116000.00
Building Details
Building Size
2,496 SF
Year Built
1915
Stories
1
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Jason Wittenstein · License #RS336344
(631) 327-0615
Source:
Chennaultrealestate
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:19AM
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 KW Empower
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Investment Insights
Based on property information with market context.
This three-unit residential property in Philadelphia was built in 1915 and is zoned RSA5. The building has central air, separate utility meters for each apartment, and a shared laundry area with coin-operated machines. One apartment is vacant, while the other two are occupied. A private patio serves Unit 2R. Lead compliance work has been completed, with approximately four years remaining before renewal, per the seller.
The property is in the Spring Arts/West Poplar area, near Northern Liberties and Fairmount. Nearby destinations include Cafe Lift, Prohibition Taproom, La Chinesca, Osteria, Union Transfer, The Met Philadelphia, and The Rail Park. The Spring Garden Broad Street Line station is also nearby, providing access to Center City.
The property is in the Spring Arts/West Poplar area, near Northern Liberties and Fairmount. Nearby destinations include Cafe Lift, Prohibition Taproom, La Chinesca, Osteria, Union Transfer, The Met Philadelphia, and The Rail Park. The Spring Garden Broad Street Line station is also nearby, providing access to Center City.
Key Highlights
- Three residential units; one apartment is currently vacant
- Separate utility meters serve each apartment
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,594
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,880
$851.9K
Cap Rate 7%
$608,486
$608.5K
Cap Rate 9%
$473,267
$473.3K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$64.4K $25.80/SF
− Vacancy
−$3.5K −$1.42/SF
EGI
$60.8K $24.38/SF
− OpEx
−$18.3K −$7.31/SF
NOI
$42.6K $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%
$851,880
Cap Rate 7%
$608,486
Cap Rate 9%
$473,267
Alternative Uses
Best Use
Multifamily LT 5
$608.5K
$532.4K – $709.9K
NOI $42,594 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$560.9K
$490.8K – $654.4K
NOI $39,261 @ 7.0% cap · market cap 6.04%
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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Open Analytics
Lease Details
3
Residential units
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 - One apartment is vacant, with the other two available to generate rental income and separate meters serving each unit.
Where is this triplex located?
The property is located at 1132 Mount Vernon Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three residential units; one apartment is currently vacant; Separate utility meters serve each apartment; Central air conditioning
