Turnkey Triplex with Tax
1219 W BUTLER Street Philadelphia, PA 19140
1219 W BUTLER Street, Philadelphia, PA, 19140
$650,000
For Sale
$650,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,694 SF
Lot Size0.03 Acres
Price / SF$241.28
Days on Market47
Property Features for 1219 W BUTLER Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Dishwasher, Refrigerator, Stainless Steel Appliances, Microwave, WaterHeater, Oven/Range - Electric
- Standard status
- Active
- Size
- 2,694 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5656
Utilities
- Heating system
- Forced Air
- Cooling system
- Ductless
Building Details
- Year built
- 2026
- Number of units
- 3
- Building materials
- Brick, Frame
Listing Agency
Keller Williams Main Line
(610) 520-0100
6 Coulter Avenue unit: 2, Ardmore, PA
Listed by
Justin Bresson · License #AB067569
(610) 613-7750
Added: Jun 3 Checked: Jul 19 at 12:06 am
MLS# PAPH2618928
Listing URL
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.
Investment Insights
Based on property information with market context.
New construction, turnkey triplex located at 1219 W Butler Street. The property includes three separate units. Unit 1 is a bi-level layout with approximately 1,350 square feet and offers 3 bedrooms, 3 bathrooms, and private outdoor space. Unit 2 features 2 bedrooms and 2 bathrooms across approximately 711 square feet. Unit 3 offers 2 bedrooms and 1 bathroom across approximately 635 square feet. Each unit is described as having brand new energy-efficient appliances, with appliances fully installed, along with refined finishes, high ceilings, and oversized windows.
The building is situated on a quiet, tree-lined street in Philadelphia. The remarks indicate convenient access to Center City, Temple University Hospital, and multiple public transportation options, supported by the property’s surrounding development context.
This configuration can suit investors and also owner-occupants looking to live in one unit while renting the others. With three distinct bedroom and bathroom mixes, the property provides options for tenant fit across the portfolio, while the turnkey condition and installed appliance packages reduce immediate setup work for the next operator or homeowner. The listing also notes tax abatement eligibility.
The building is situated on a quiet, tree-lined street in Philadelphia. The remarks indicate convenient access to Center City, Temple University Hospital, and multiple public transportation options, supported by the property’s surrounding development context.
This configuration can suit investors and also owner-occupants looking to live in one unit while renting the others. With three distinct bedroom and bathroom mixes, the property provides options for tenant fit across the portfolio, while the turnkey condition and installed appliance packages reduce immediate setup work for the next operator or homeowner. The listing also notes tax abatement eligibility.
Key Highlights
- Under construction 2026 new construction triplex with tax abatement
- Unit 1: bi‑level 3 bed/3 bath with approximately 1,350 SF and private outdoor space
- Unit 2: 2 bed/2 bath with approximately 711 SF
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 | $69.5k | $25.80 |
| − Vacancy | −$3.8k | −$1.42 |
| EGI | $65.7k | $24.38 |
| − OpEx | −$19.7k | −$7.31 |
| NOI | $46.0k | $17.06 |
2,694 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$656.8K
$574.7K – $766.2K
NOI $45,973 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$605.4K
$529.7K – $706.3K
NOI $42,375 @ 7.0% cap · market cap 6.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - New construction triplex with three unit layouts, energy-efficient appliances, and private outdoor space for Unit 1.
Where is this triplex located?
The property is located at 1219 W BUTLER Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Under construction 2026 new construction triplex with tax abatement; Unit 1: bi‑level 3 bed/3 bath with approximately 1,350 SF and private outdoor space; Unit 2: 2 bed/2 bath with approximately 711 SF
