Triplex with Private Roof
1237 W TIOGA STREET, Philadelphia, PA 19140
For Sale
$799,000
Three residences include a bi-level home, a private rear yard, and a roof deck.
Property Size4,228 SF
Days on Market183
Property Features for 1237 W TIOGA STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Buildings
Listing Agency:
KW Empower
Listed By:
Asa Kurland · License PA RS349157
(267) 388-1114
Source:
Mainlinekw
Added: May 12
Changed: Nov 7
Last Checked: Nov 10 at 4:05PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This three-unit residential property is under construction, with approved plans for a triplex. The largest residence is a bi-level layout of approximately 2,160 sq ft, with 4 bedrooms, 3 full baths, and access to a private rear yard. The other homes each measure approximately 1,034 sq ft: one has 2 bedrooms and 1 bath, while the third has 2 bedrooms, 2 baths, and access to a private roof deck.
The plans also call for strong natural light and generous ceiling height. A tax abatement is included, though its terms are not specified. Anticipated delivery is mid-spring.
The plans also call for strong natural light and generous ceiling height. A tax abatement is included, though its terms are not specified. Anticipated delivery is mid-spring.
Key Highlights
- Three planned residences in a new‑construction triplex
- Bi‑level unit: approximately 2,160 sq ft, 4 bedrooms, and 3 full baths
- One 2‑bedroom, 1‑bath unit measuring approximately 1,034 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,150
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,443,000
$1.4M
Cap Rate 7%
$1,030,714
$1.0M
Cap Rate 9%
$801,667
$801.7K
Market Conditions
NOI Build-Up for 4,228 SF
Gross rent
$109.1K $25.80/SF
− Vacancy
−$6.0K −$1.42/SF
EGI
$103.1K $24.38/SF
− OpEx
−$30.9K −$7.31/SF
NOI
$72.2K $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%
$1,443,000
Cap Rate 7%
$1,030,714
Cap Rate 9%
$801,667
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$901.9K – $1.20M
NOI $72,150 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$950.1K
$831.3K – $1.11M
NOI $66,504 @ 7.0% cap · market cap 8.32%
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
3,299
Businesses Nearby
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Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Philadelphia, PA
Properties on Market for Triplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences include a bi-level home, a private rear yard, and a roof deck.
Where is this triplex located?
The property is located at 1237 W TIOGA STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three planned residences in a new‑construction triplex; Bi‑level unit: approximately 2,160 sq ft, 4 bedrooms, and 3 full baths; One 2‑bedroom, 1‑bath unit measuring approximately 1,034 sq ft
