1219 West Butler Street Philadelphia, PA 19140
Newly built triplex with three residential units, private outdoor space, and energy-efficient appliances installed.
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 office Keller Williams Main Line (610) 613-7750
Listing date May 24, 2026
Source Compass
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.
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.
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 |
