1215 S 18TH Street, Philadelphia, PA 19146
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- Jun 5, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 7 at 7:06 am
Property Features for 1215 S 18TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Assigned, On Street
- Interior features
- Floor Plan - Open, Bathroom - Tub Shower, Wood Floors, Recessed Lighting
- Appliances
- Oven/Range - Gas, Built-In Microwave, Dishwasher, Refrigerator
- Standard status
- Active
- Size
- 2,496 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7418
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2010
- Number of units
- 3
- Building materials
- Masonry
Listing agent Ariel L Morgenstein License #AB067988 (215) 467-4100
Listing office JG Real Estate LLC 1028 N 3rd Street, Philadelphia, PA (215) 467-4100
Listing date Jun 5, 2026
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.
HighLights
- Built in 2010, this fully‑occupied 3‑unit triplex offers approximately 2,500 SF with separate utilities for each unit.
- Bi‑level first‑floor unit features 2 bedrooms and 2 full bathrooms, plus a finished lower level for an office, gym, or media room.
- Central air and in‑unit laundry included across the property.
- Updated kitchens and separate dining area in the two 1‑bedroom, 1‑bath units, each with a private balcony.
- Private outdoor space: first‑floor unit has rear patio access.
- Gas oven/range, built‑in microwave, dishwasher, and refrigerator included; wood and bamboo flooring with recessed lighting.
Overview
The bi-level first-floor residence includes two bedrooms and two full baths, with a finished lower level that can serve as a home office, gym, or media room. This unit also has private access to a rear patio. The upper two one-bedroom, one-bath apartments each offer updated kitchens and a separate dining area, and both include private rear balconies accessed through sliding glass doors.
From an owner-occupant or investor perspective, the property’s three-unit layout supports flexible living and rental arrangements, while the private outdoor spaces and in-unit laundry add practical day-to-day value. Convenient access to the Broad Street Line and nearby destinations around Center City, University City, Graduate Hospital, and East Passyunk can support a range of resident lifestyles.
Local 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 | $64.4k | $25.80 |
| − Vacancy | −$3.5k | −$1.42 |
| EGI | $60.8k | $24.38 |
| − OpEx | −$18.3k | −$7.31 |
| NOI | $42.6k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.17351
- Latitude
- 39.93608
