Turnkey Tax-Abated
1219 West Butler Street Philadelphia, PA 19140
For Sale
$650,000
Newly built triplex with three residential units, private outdoor space, and energy-efficient appliances installed.
Property Size2,694 SF
Price / SF$241.28
Days on Market61
Property Features for 1219 West Butler Street
General Information
- Standard status
- Active
- Size
- 2,694 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2026
Listing Agency:
Keller Williams Main Line
(610) 613-7750
Listed By:
Justin Bresson · License #AB067569
(610) 613-7750
Source:
Compass
Added: May 24
Changed: Jul 10
Last Checked: Jul 23 at 8:03AM
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 Main Line
Investment Insights
Based on property information with market context.
Brand new, turnkey triplex offering three separate residential units. Unit 1 is bi-level with approximately 1,350 square feet, featuring 3 bedrooms, 3 bathrooms, and private outdoor space. Unit 2 offers 2 bedrooms and 2 bathrooms across approximately 711 square feet. Unit 3 provides 2 bedrooms and 1 bathroom across approximately 635 square feet. All units include brand new energy-efficient appliances, which are fully installed, and the interiors are described as well-designed with high ceilings, oversized windows, and refined finishes throughout.
The property is located in Philadelphia County on a quiet tree-lined street and is described as surrounded by ongoing development. The listing notes convenient access to Center City, Temple University Hospital, and multiple public transportation options.
This configuration suits tenants, owner-occupants, and investors seeking a three-unit setup within a new construction package, with separate unit layouts and dedicated outdoor space for Unit 1. With appliances already installed in each unit, the property is positioned as turnkey for immediate readiness, while the tax abatement program is identified as an added benefit in the listing remarks.
The property is located in Philadelphia County on a quiet tree-lined street and is described as surrounded by ongoing development. The listing notes convenient access to Center City, Temple University Hospital, and multiple public transportation options.
This configuration suits tenants, owner-occupants, and investors seeking a three-unit setup within a new construction package, with separate unit layouts and dedicated outdoor space for Unit 1. With appliances already installed in each unit, the property is positioned as turnkey for immediate readiness, while the tax abatement program is identified as an added benefit in the listing remarks.
Key Highlights
- New construction 3‑unit triplex (Year built: 2026) with turnkey appliances fully installed in each unit.
- Unit 1: bi‑level with approx. 1,350 SF, 3 bed/3 bath, plus private outdoor space.
- Unit 2: approx. 711 SF with 2 bed/2 bath and brand new energy‑efficient appliances.
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
Triplexes
FAQs
What type of property is this?
Triplex - Newly built triplex with three residential units, private outdoor space, and energy-efficient appliances installed.
Where is this triplex located?
The property is located at 1219 West 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: New construction 3‑unit triplex (Year built: 2026) with turnkey appliances fully installed in each unit.; Unit 1: bi‑level with approx. 1,350 SF, 3 bed/3 bath, plus private outdoor space.; Unit 2: approx. 711 SF with 2 bed/2 bath and brand new energy‑efficient appliances.
