Three-Unit Brick
For Sale
$899,999
1219 N 27TH STREET, Philadelphia, PA 19121
2018 multifamily property with two two-bedroom units and one bi-level three-bedroom residence.
Property Size3,342 SF
Price / SF$269.30
Days on Market98
Property Features for 1219 N 27TH STREET
General Information
Standard status
Active
Size
3,342 SF
Property subtype
Triplex
Site & Location
Neighborhood
North Philadelphia
Taxes and HOA fees
Annual Taxes
$2,395
Amenities
slick kitchens and baths
ceiling fans
oversized windows
high ceilings
pendant lighting
stainless appliances
washer-dryer combos
LVP flooring
high efficiency HVAC systems
Building Details
Building Size
3,342 SF
Year Built
2018
Buildings
1
Construction
brick
Listing Agency:
Keller Williams Liberty Place
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Patmckennarealtors
Added: Jul 29
Changed: Oct 31
Last Checked: Nov 1 at 3:24PM
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 Liberty Place
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Investment Insights
Based on property information with market context.
This 2018 brick triplex contains 3,342 SF across three leased residences: two spacious two-bedroom units and one bi-level three-bedroom unit. Interior features include stainless appliances, washer-dryer combinations, pendant lighting, ceiling fans, oversized windows, high ceilings, LVP flooring, and high-efficiency HVAC systems and mechanicals. All three units are leased at market rate, and the property carries a 10-year tax abatement.
The building is located on N 27th Street in Philadelphia’s Brewerytown area, with walkable access to amenities along the Girard Avenue corridor and Fairmount Avenue restaurants and cafés. The property is also near the Museums District, Schuylkill River Trail, Boathouse Row, and Fairmount Park. The asset may be acquired separately or as part of the Fairmount/Brewerytown Portfolio, which includes 43 total units.
The building is located on N 27th Street in Philadelphia’s Brewerytown area, with walkable access to amenities along the Girard Avenue corridor and Fairmount Avenue restaurants and cafés. The property is also near the Museums District, Schuylkill River Trail, Boathouse Row, and Fairmount Park. The asset may be acquired separately or as part of the Fairmount/Brewerytown Portfolio, which includes 43 total units.
Key Highlights
- Three‑unit configuration with two 2bd apartments and one bi‑level 3bd unit
- 3,342 SF brick multifamily property built in 2018
- All 3 units leased at market rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,031
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,620
$1.1M
Cap Rate 7%
$814,729
$814.7K
Cap Rate 9%
$633,678
$633.7K
Market Conditions
NOI Build-Up for 3,342 SF
Gross rent
$86.2K $25.80/SF
− Vacancy
−$4.8K −$1.42/SF
EGI
$81.5K $24.38/SF
− OpEx
−$24.4K −$7.31/SF
NOI
$57.0K $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%
$1,140,620
Cap Rate 7%
$814,729
Cap Rate 9%
$633,678
Alternative Uses
Best Use
Multifamily LT 5
$814.7K
$712.9K – $950.5K
NOI $57,031 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$751.0K
$657.1K – $876.1K
NOI $52,568 @ 7.0% cap · market cap 5.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,765
Businesses Nearby
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Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - 2018 multifamily property with two two-bedroom units and one bi-level three-bedroom residence.
Where is this triplex located?
The property is located at 1219 N 27TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Three‑unit configuration with two 2bd apartments and one bi‑level 3bd unit; 3,342 SF brick multifamily property built in 2018; All 3 units leased at market rate
