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    Turnkey Triplex with Tax Abatement Title is generated by Realmo AI

    1219 W BUTLER Street, Philadelphia, PA 19140

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    New
    For Sale
    $675,000

    MULTI_FAMILY - PHILADELPHIA, PA

    Property size:
    2,694 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $250/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 2:06 pm

    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

    We can help!

    Listing Contact
    Justin Bresson
    Justin Bresson

    Listing agent Justin Bresson License #AB067569

    Listing office Keller Williams Main Line 6 Coulter Avenue unit: 2, Ardmore, PA

    Listing date Jun 3, 2026

    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.

    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
    • Unit 3: 2 bed/1 bath with approximately 635 SF
    • Appliances included and fully installed in each unit: dishwasher, refrigerator, microwave, oven/range (electric)
    • Brick and frame construction with forced‑air heating and ductless cooling; on‑street parking

    Overview

    New construction turnkey triplex with tax abatement, designed for investors and owner-occupants looking for strong, diversified income. The property includes three separate residences with energy-efficient, brand-new appliances fully installed in each unit. Unit 1 is a bi-level layout with approximately 1,350 square feet, offering 3 bedrooms, 3 bathrooms, and private outdoor space. Unit 2 features approximately 711 square feet with 2 bedrooms and 2 bathrooms. Unit 3 offers approximately 635 square feet with 2 bedrooms and 1 bathroom. Across all units, the interiors emphasize natural light, high ceilings, oversized windows, and well-designed layouts with refined finishes.

    Located on a quiet tree-lined street in Philadelphia, the triplex is positioned for convenient access to Center City and Temple University Hospital, with multiple public transportation options nearby. The immediate area is described as surrounded by ongoing development.

    This setup can suit a range of strategies, from a buy-and-hold rental approach to an owner-occupant arrangement that helps offset housing costs with two additional income-producing units. With turnkey readiness, efficient appliances, and flexible unit configurations, the property presents a practical option for buyers seeking a newer multifamily asset.

    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 (±1% cap)
    NOI $45,973 @ 7.0% cap · market cap 6.81%
    Second Best
    Apartment 5plus
    $605.4K
    $529.7K – $706.3K (±1% cap)
    NOI $42,375 @ 7.0% cap · market cap 6.28%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1479034
    Latitude
    40.0106506

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    FAQs

    What type of property is this?
    Triplex - Newly built, fully equipped triplex offering three separate units with efficient appliances and a tax abatement advantage.
    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 $675,000.
    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
    (610) 613-7750
    We can help!
    Listing Contact
    Justin Bresson
    Justin Bresson
    Real Estate License ID: AB067569
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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