Renovated 3-Unit
1213 RODMAN STREET, Philadelphia, PA 19147
For Sale
$950,000
The property combines updated building systems, separately metered electricity, and a private rear patio with outdoor prep facilities.
Property Size2,517 SF
Price / SF$377.43
Days on Market84
Property Features for 1213 RODMAN STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
3-camera video surveillance system
video intercom system
dedicated in-unit laundry
Building Details
Building Size
Year Built
Year Renovated
Buildings
Listing Agency:
BHHS Fox & Roach-Center City Walnut
Listed By:
Christopher Phan · License PA RS292398
(215) 888-6887
Source:
Wagnerrealestate
Added: Aug 19
Changed: Nov 10
Last Checked: Nov 9 at 8:21PM
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 BHHS Fox & Roach-Center City Walnut
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Investment Insights
Based on property information with market context.
This 2,517-square-foot triplex contains three apartments and underwent a major renovation in 2022. The first-floor residence is a bi-level one-bedroom plus den with two bathrooms, separate heating and cooling for each level, and a private rear patio with a natural-gas grill connection and a sink with hot and cold water. The other two apartments each have one bedroom and one bathroom. Kitchens include granite counters, stainless steel appliances, dishwashers, and in-unit laundry. Building improvements include a new roof, HVAC systems, windows, doors, flooring, and upgraded electrical and plumbing. Each unit has its own electric meter, and the property has an upgraded fire-safety system and video intercom. Approximately six years remain on the tax abatement.
The property is on Rodman Street in Philadelphia’s Center City area, two blocks from Acme and Whole Foods. Washington Square, Pennsylvania Hospital, Penn Medicine at Washington Square, and Jefferson Health are nearby. PATCO, public transit, and major commuter routes are accessible from the area.
The property is on Rodman Street in Philadelphia’s Center City area, two blocks from Acme and Whole Foods. Washington Square, Pennsylvania Hospital, Penn Medicine at Washington Square, and Jefferson Health are nearby. PATCO, public transit, and major commuter routes are accessible from the area.
Key Highlights
- Three apartments: one bi‑level 1‑bedroom‑plus‑den, 2‑bath unit and two 1‑bedroom, 1‑bath units
- 2,517 square feet; renovated in 2022
- Approximately six years remaining on the tax abatement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,952
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,040
$859.0K
Cap Rate 7%
$613,600
$613.6K
Cap Rate 9%
$477,244
$477.2K
Market Conditions
NOI Build-Up for 2,517 SF
Gross rent
$64.9K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$61.4K $24.38/SF
− OpEx
−$18.4K −$7.31/SF
NOI
$43.0K $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%
$859,040
Cap Rate 7%
$613,600
Cap Rate 9%
$477,244
Alternative Uses
Best Use
Multifamily LT 5
$613.6K
$536.9K – $715.9K
NOI $42,952 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$565.6K
$494.9K – $659.9K
NOI $39,591 @ 7.0% cap · market cap 4.17%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
18,959
Businesses Nearby
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Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Philadelphia, PA
Properties on Market for Triplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property combines updated building systems, separately metered electricity, and a private rear patio with outdoor prep facilities.
Where is this triplex located?
The property is located at 1213 RODMAN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three apartments: one bi‑level 1‑bedroom‑plus‑den, 2‑bath unit and two 1‑bedroom, 1‑bath units; 2,517 square feet; renovated in 2022; Approximately six years remaining on the tax abatement
