Residential Income
For Sale
$799,900
1211 N Franklin Street, Philadelphia, PA 19122
Built in 2017, this triplex offers separate utilities and in-unit laundry across three distinct residential units.
Property Size3,500 SF
Price / SF$228.54
Days on Market568
Property Features for 1211 N Franklin Street
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Multi-Family
Zoning
RM1
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,351
Amenities
hardwood flooring
modern kitchens
separate utilities
in-unit laundry
video intercoms
private backyard
private roof deck
Wood,Tile/Brick
Electric
Yes
No
Estimated
1
No Pool
Public
W50
16.00 x 87.00
On Street
Roof Deck
Concrete Perimeter
168000.00
Assessor
Building Details
Building Size
3,500 SF
Year Built
2017
Tenancy
Multi
Listing Agency:
Keller Williams Capital Properties
(856) 222-0077
Listed By:
Francis Brennan
Source:
Thetristaterealestategroup
Added: Apr 4, 2025
Changed: Oct 2
Last Checked: Oct 23 at 5:27AM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
Built in 2017, this triplex features three separate residential units with their own utilities. Interiors include hardwood flooring, modern kitchens with quartz countertops and stainless steel appliances, and in-unit laundry. Additional finishes include video intercoms and bathrooms with porcelain tile and brushed nickel fixtures.
The first-floor bi-level unit offers 3 bedrooms and 2 bathrooms and includes a private backyard. The second-floor unit provides 2 bedrooms and 1 bathroom with an open layout. The third-floor unit also offers 2 bedrooms and 1 bathroom and includes a private roof deck.
The property is advertised as having a 10-year tax abatement and generating approximately $5,350 per month in projected rent. It is described as being just steps from Girard Ave with access to transit, and a short walk from Fishtown and Northern Liberties.
The first-floor bi-level unit offers 3 bedrooms and 2 bathrooms and includes a private backyard. The second-floor unit provides 2 bedrooms and 1 bathroom with an open layout. The third-floor unit also offers 2 bedrooms and 1 bathroom and includes a private roof deck.
The property is advertised as having a 10-year tax abatement and generating approximately $5,350 per month in projected rent. It is described as being just steps from Girard Ave with access to transit, and a short walk from Fishtown and Northern Liberties.
Key Highlights
- Triplex built in 2017 with 3 residential units: one 3BD/2BA and two 2BD/1BA units.
- Projected rent of approx. $5,350/month and includes a 10‑year tax abatement.
- Each unit has separate utilities and in‑unit laundry, plus video intercoms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,727
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,194,540
$1.2M
Cap Rate 7%
$853,243
$853.2K
Cap Rate 9%
$663,633
$663.6K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$90.3K $25.80/SF
− Vacancy
−$5.0K −$1.42/SF
EGI
$85.3K $24.38/SF
− OpEx
−$25.6K −$7.31/SF
NOI
$59.7K $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%
$1,194,540
Cap Rate 7%
$853,243
Cap Rate 9%
$663,633
Alternative Uses
Best Use
Multifamily LT 5
$853.2K
$746.6K – $995.5K
NOI $59,727 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$786.5K
$688.2K – $917.6K
NOI $55,053 @ 7.0% cap · market cap 6.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,203
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
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 - Built in 2017, this triplex offers separate utilities and in-unit laundry across three distinct residential units.
Where is this triplex located?
The property is located at 1211 N Franklin Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Triplex built in 2017 with 3 residential units: one 3BD/2BA and two 2BD/1BA units.; Projected rent of approx. $5,350/month and includes a 10‑year tax abatement.; Each unit has separate utilities and in‑unit laundry, plus video intercoms.
