Legal Triplex with Separate
For Sale
$375,000
1227 W Champlost St, Philadelphia, PA 19141
Three residential units offer private entrances, laundry hookups, and abundant natural light.
Property Size1,554 SF
Price / SF$241.31
Days on Market192
Property Features for 1227 W Champlost St
General Information
Standard status
Active
Size
1,554 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
Investor Handyman Special
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,163
Amenities
laundry hook-ups
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Thailan Lim
(267) 435-8015
Source:
Exprealty
Added: Apr 15
Changed: Oct 4
Last Checked: Oct 21 at 1:41AM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This legal triplex contains three 2-bedroom, 1-bathroom apartments within 1,554 square feet. Each unit has a private entrance, a spacious living room, large front windows, and laundry hookups. Separate utilities serve the apartments, supporting straightforward property management. Unit 1 also has a fully independent exterior entry, providing an additional degree of privacy.
The property is in Philadelphia near public transportation, shopping, and major commuting routes. Its three-unit configuration and individual access points provide a defined residential income property format, while the existing apartment features offer a clear foundation for continued occupancy or future improvement.
The property is in Philadelphia near public transportation, shopping, and major commuting routes. Its three-unit configuration and individual access points provide a defined residential income property format, while the existing apartment features offer a clear foundation for continued occupancy or future improvement.
Key Highlights
- Legal triplex with three 2‑bedroom, 1‑bathroom units
- 1,554 square feet across the property
- Private entrance for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,519
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,380
$530.4K
Cap Rate 7%
$378,843
$378.8K
Cap Rate 9%
$294,656
$294.7K
Market Conditions
NOI Build-Up for 1,554 SF
Gross rent
$40.1K $25.80/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$37.9K $24.38/SF
− OpEx
−$11.4K −$7.31/SF
NOI
$26.5K $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%
$530,380
Cap Rate 7%
$378,843
Cap Rate 9%
$294,656
Alternative Uses
Best Use
Multifamily LT 5
$378.8K
$331.5K – $442.0K
NOI $26,519 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$349.2K
$305.6K – $407.4K
NOI $24,444 @ 7.0% cap · market cap 6.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,702
Businesses Nearby
Explore this area
Business Placement
Demographics for 19141, PA
31,047
Population
16,290
Households
1.9
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
1.7 sq mi
ZIP Area
18,263
Density / Sq Mi
$42,461
Median Household Income
$34,464
Median Earnings
$1,009
Median Rent
$143,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer private entrances, laundry hookups, and abundant natural light.
Where is this triplex located?
The property is located at 1227 W Champlost St Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Legal triplex with three 2‑bedroom, 1‑bathroom units; 1,554 square feet across the property; Private entrance for each unit
