Triplex with Renovation
New
For Sale
$415,000
1241 W TIOGA STREET, Philadelphia, PA 19140
Three residential units offer a partially completed renovation near two medical and educational institutions.
Property Size2,160 SF
Price / SF$192.13
Days on Market5
Property Features for 1241 W TIOGA STREET
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Building Details
Year Built
1940
Buildings
1
Listing Agency:
SJI Jackson Realty, LLC
(856) 662-6565
Listed By:
Nicole Martorano · License #RS351720
(856) 718-4372
Source:
Cummingsrealtors
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 9 at 9:54PM
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 SJI Jackson Realty, LLC
Investment Insights
Based on property information with market context.
This 2,160-square-foot triplex was built in 1940 and is configured as three residential units. Approximately 90% of the renovation work is complete, leaving the remaining work to be finished before the units are ready for tenants.
The property is one block from Shriners Children's Hospital and the Lewis Katz School of Medicine at Temple University.
The property is one block from Shriners Children's Hospital and the Lewis Katz School of Medicine at Temple University.
Key Highlights
- Three‑unit residential property
- Approximately 90% of renovation work completed
- 2,160 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,860
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,200
$737.2K
Cap Rate 7%
$526,571
$526.6K
Cap Rate 9%
$409,556
$409.6K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$55.7K $25.80/SF
− Vacancy
−$3.1K −$1.42/SF
EGI
$52.7K $24.38/SF
− OpEx
−$15.8K −$7.31/SF
NOI
$36.9K $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%
$737,200
Cap Rate 7%
$526,571
Cap Rate 9%
$409,556
Alternative Uses
Best Use
Multifamily LT 5
$526.6K
$460.8K – $614.3K
NOI $36,860 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$485.4K
$424.7K – $566.3K
NOI $33,976 @ 7.0% cap · market cap 8.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,299
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer a partially completed renovation near two medical and educational institutions.
Where is this triplex located?
The property is located at 1241 W TIOGA STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Three‑unit residential property; Approximately 90% of renovation work completed; 2,160 square feet
