Residential Income
1211 N Franklin Street Philadelphia, PA 19122
For Sale
$799,900
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 Market477
Property Features for 1211 N Franklin Street
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2017
Listing Agency:
Pulte Homes of PA Limited Partnership
(856) 222-0077
Listed By:
Francis Brennan
Source:
Thetristaterealestategroup
Added: Apr 4, 2025
Changed: Jul 22
Last Checked: Jul 24 at 5:24AM
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 Pulte Homes of PA Limited Partnership
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 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 | $90.3k | $25.80 |
| − Vacancy | −$5.0k | −$1.42 |
| EGI | $85.3k | $24.38 |
| − OpEx | −$25.6k | −$7.31 |
| NOI | $59.7k | $17.06 |
3,500 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
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.
