Renovated Three-Unit Apartment
For Sale
$479,900
1241 N 28TH STREET, Philadelphia, PA 19121
Renovated multifamily property with central air, private laundry, and a two-bedroom, two-bath residence.
Property Size1,680 SF
Days on Market53
Property Features for 1241 N 28TH STREET
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Neighborhood
North Philadelphia
Units
Unit Mix
1 x 2BR/2BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Asking Price
$499,000
Taxes and HOA fees
Annual Taxes
$5,982
Amenities
Central AC
recessed lighting
updated kitchen
updated baths
basement laundry
additional storage space
in-unit laundry
Building Details
Building Size
1,680 SF
Year Built
1925
Listing Agency:
KW Empower
Listed By:
Domenick Parris · License #RS321735
(267) 593-6184
Source:
Patmckennarealtors
Added: Sep 10
Changed: Oct 31
Last Checked: Oct 30 at 10:21PM
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 triplex, built in 1925, contains three fully renovated residential units. The unit mix includes one two-bedroom, two-bath residence and two one-bedroom, one-bath residences. Each unit has its own laundry equipment and central air conditioning, while interior improvements include updated kitchens and bathrooms and recessed lighting.
A large basement provides additional storage and laundry space. The property is fully leased through next year and is located at 1241 N 28th Street in Philadelphia’s Brewerytown neighborhood.
A large basement provides additional storage and laundry space. The property is fully leased through next year and is located at 1241 N 28th Street in Philadelphia’s Brewerytown neighborhood.
Key Highlights
- Three fully renovated residential units
- Unit mix includes one 2‑bedroom, 2‑bath unit and two 1‑bedroom, 1‑bath units
- Central air conditioning throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,669
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,380
$573.4K
Cap Rate 7%
$409,557
$409.6K
Cap Rate 9%
$318,544
$318.5K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$43.3K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$41.0K $24.38/SF
− OpEx
−$12.3K −$7.31/SF
NOI
$28.7K $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%
$573,380
Cap Rate 7%
$409,557
Cap Rate 9%
$318,544
Alternative Uses
Best Use
Multifamily LT 5
$409.6K
$358.4K – $477.8K
NOI $28,669 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$377.5K
$330.3K – $440.4K
NOI $26,426 @ 7.0% cap · market cap 5.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,534
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Renovated multifamily property with central air, private laundry, and a two-bedroom, two-bath residence.
Where is this triplex located?
The property is located at 1241 N 28TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Three fully renovated residential units; Unit mix includes one 2‑bedroom, 2‑bath unit and two 1‑bedroom, 1‑bath units; Central air conditioning throughout the property
