Renovated Triplex with
For Sale
$475,000
12 N 50TH STREET, Philadelphia, PA 19139
Fully leased multifamily property with renovated units, in-unit laundry, stainless steel appliances, and access to a large backyard.
Property Size2,539 SF
Days on Market54
Property Features for 12 N 50TH STREET
General Information
Standard status
Active
Size
2,539 SF
Property subtype
Triplex
Site & Location
Neighborhood
Dunlap
Taxes and HOA fees
Annual Taxes
$3,015
Building Details
Building Size
2,539 SF
Year Built
1917
Listing Agency:
USRealty.com LLP
Listed By:
David M Sweeney · License #RM424243
(866) 807-9087
Source:
Patmckennarealtors
Added: Sep 1
Changed: Oct 21
Last Checked: Oct 23 at 2:26PM
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 USRealty.com LLP
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Investment Insights
Based on property information with market context.
This three-unit residential income property was built in 1917 and recently renovated throughout. The first-floor residence offers two bedrooms and two bathrooms with access to the backyard. The second floor also includes two bedrooms and two bathrooms, while the third-floor unit provides one bedroom. Unit improvements include washer and dryer equipment and stainless steel appliances.
All units are currently rented. The property is positioned near universities and public transportation, adding convenient access to major institutional and transit destinations. Roof maintenance has been completed, and the downspouts have been replaced.
All units are currently rented. The property is positioned near universities and public transportation, adding convenient access to major institutional and transit destinations. Roof maintenance has been completed, and the downspouts have been replaced.
Key Highlights
- Three‑unit property built in 1917
- All units are currently rented
- Unit mix includes two 2‑bedroom/2‑bath units and one 1‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,328
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,560
$866.6K
Cap Rate 7%
$618,971
$619.0K
Cap Rate 9%
$481,422
$481.4K
Market Conditions
NOI Build-Up for 2,539 SF
Gross rent
$65.5K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$61.9K $24.38/SF
− OpEx
−$18.6K −$7.31/SF
NOI
$43.3K $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%
$866,560
Cap Rate 7%
$618,971
Cap Rate 9%
$481,422
Alternative Uses
Best Use
Multifamily LT 5
$619.0K
$541.6K – $722.1K
NOI $43,328 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$570.5K
$499.2K – $665.6K
NOI $39,937 @ 7.0% cap · market cap 8.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,240
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully leased multifamily property with renovated units, in-unit laundry, stainless steel appliances, and access to a large backyard.
Where is this triplex located?
The property is located at 12 N 50TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three‑unit property built in 1917; All units are currently rented; Unit mix includes two 2‑bedroom/2‑bath units and one 1‑bedroom unit
