Three-Unit Mixed-Use
For Sale
$475,000
120 W GIRARD Avenue, Philadelphia, PA 19123
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,980 SF
Lot Size0.02 Acres
Price / SF$239.90
Days on Market162
Property Features for 120 W GIRARD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Appliances
Built-In Microwave, Microwave, Oven - Self Cleaning, Refrigerator, Washer, Dryer
Subdivision
NORTHERN LIBERTIES
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,980 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
5219
Utilities
Heating system
Other (Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
1927
Number of units
3
Building materials
Brick
Listing Agency:
Re/Max One Realty · RE/MAX International
(215) 953-8800
Listed By:
Edward J. McDonald Jr. · License #RS195849L
(215) 442-9388
Added: Feb 19
Changed: Jul 29
Last Checked: Jul 31 at 7:06PM
MLS# PAPH2585906
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a three-unit mixed-use building for sale, including two remodeled 1-bedroom residential units and one commercial unit. The residential units include separate utilities and laundry hookups in each unit. The commercial space is occupied by a long-term tenant.
The property is located at 120 W Girard Avenue in Philadelphia, PA 19123. The offering is described as a Northern Liberties area investment, with convenient access to public transportation and major highways.
With a stated property size of 1,980 square feet and a listed annual rental income figure of over $43,000, this asset presents a combination of residential and commercial income under one ownership.
The property is located at 120 W Girard Avenue in Philadelphia, PA 19123. The offering is described as a Northern Liberties area investment, with convenient access to public transportation and major highways.
With a stated property size of 1,980 square feet and a listed annual rental income figure of over $43,000, this asset presents a combination of residential and commercial income under one ownership.
Key Highlights
- Three‑unit building: two 1‑bedroom residential units plus one commercial space
- Rental income reported over $43,000 per year
- Commercial space has a long‑term tenant in place
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 | $51.1k | $25.80 |
| − Vacancy | −$2.8k | −$1.42 |
| EGI | $48.3k | $24.38 |
| − OpEx | −$14.5k | −$7.31 |
| NOI | $33.8k | $17.06 |
1,980 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$482.7K
$422.4K – $563.1K
NOI $33,788 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$444.9K
$389.3K – $519.1K
NOI $31,144 @ 7.0% cap · market cap 6.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,571
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 - This property is a three-unit mixed-use building with two remodeled 1-bedroom residences and one commercial tenant.
Where is this triplex located?
The property is located at 120 W GIRARD Avenue 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 building: two 1‑bedroom residential units plus one commercial space; Rental income reported over $43,000 per year; Commercial space has a long‑term tenant in place
