Triplex Under
New
For Sale
$415,000
1241 W TIOGA Street, Philadelphia, PA 19140
Multi-Family, PHILADELPHIA, PA
Property Size2,160 SF
Lot Size0.04 Acres
Price / SF$192.13
Days on Market5
Property Features for 1241 W TIOGA Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Subdivision
FRANKLINVILLE
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Special listing conditions
In Foreclosure
Standard status
Active
Size
2,160 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2103
Building Details
Year built
1940
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
SJI Jackson Realty, LLC
(856) 662-6565
Listed By:
Nicole Martorano · License #RS351720
(856) 718-4372
Added: Oct 6
Last Checked: Oct 10 at 9:06AM
MLS# PAPH2678118
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,160-square-foot triplex is a brick building constructed in 1940. The property is configured for three units, with approximately 90% of the renovation work completed; remaining work is required before the units are ready for occupancy.
The property is one block from Shriners Children's Hospital and the Lewis Katz School of Medicine at Temple University. Parking is available on street.
The property is one block from Shriners Children's Hospital and the Lewis Katz School of Medicine at Temple University. Parking is available on street.
Key Highlights
- Three‑unit configuration
- Approximately 90% of renovation work completed
- 2,160 square feet on a 0.037‑acre lot
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Brick construction and substantial renovation progress leave work to complete before the three-unit property is ready for occupancy.
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 configuration; Approximately 90% of renovation work completed; 2,160 square feet on a 0.037‑acre lot
