Renovated Triplex Near
1334 North 7th Street, Philadelphia, PA 19122
Fully renovated triplex with bi-level units near Fishtown.
Type:Multi-Family / Fee Simple
Property size:
4,488 SFPrice / SF:
$213/SF- Added:
- Nov 27, 2024
- Days on Market:
- 550
- Last Refresh:
- Mar 13 at 1:38 pm
Property Features for 1334 North 7th Street
General Information
- Standard status
- Active
- Size
- 4,488 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2016
Listing agent Netanel Levi License #AB067944 (215) 510-0515
Listing office KW Philly (215) 510-0515
Listing date Nov 27, 2024
Source Compass
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 Philly
HighLights
- Fully renovated triplex in a rapidly growing area.
- Three spacious bi‑level units feature high‑end finishes, in‑unit laundry, and private entrances.
- All 3 units are legally deeded as condominiums and sold together.
- Modern kitchens boast stainless steel appliances, center islands, and contemporary cabinetry.
- Each unit has hardwood flooring, spacious bathrooms, and abundant natural light from oversized windows and skylights.
- Located near restaurants, cafes, parks, nightlife, and 10 minutes from Center City.
Overview
This is a fully renovated triplex located near Fishtown, Northern Liberties, and Temple University. The modern building contains 3 bi-level units, each featuring high-end finishes, in-unit laundry, and private entrances. The property contains a total of 5 bedrooms and 3 full and 1 half bathrooms. The combined square footage of all units is approximately 3,900 sq ft. Unit 1, located on the ground level, features 3 beds and 2.5 baths within 1,800 sq ft. Units 2F and 2R, both located on the second floor, each contain 1 bed and 1 bath within 1,050 sq ft. Interior features include modern kitchens with stainless steel appliances, center islands, and contemporary cabinetry. Hardwood flooring is present throughout each unit. Bathrooms are spacious and equipped with glass-enclosed showers, soaking tubs (in select units), double vanities, and skylight windows. Oversized windows and skylights provide natural light, and each unit includes generous closet space along with a washer and dryer. The property is situated steps from Fishtown, Northern Liberties, and Temple University, surrounded by restaurants, cafes, parks, and nightlife. Center City is just 10 minutes away by car or public transit. The property size is 4,488 sq ft.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.8k | $25.80 |
| − Vacancy | −$6.4k | −$1.42 |
| EGI | $109.4k | $24.38 |
| − OpEx | −$32.8k | −$7.31 |
| NOI | $76.6k | $17.06 |
4,488 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$957.3K – $1.28M
NOI $76,587 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$1.01M
$882.4K – $1.18M
NOI $70,594 @ 7.0% cap · market cap 7.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.156331
- Latitude
- 39.931625
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully renovated triplex with bi-level units near Fishtown.
Where is this triplex located?
The property is located at 1334 North 7th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Fully renovated triplex in a rapidly growing area.; Three spacious bi‑level units feature high‑end finishes, in‑unit laundry, and private entrances.; All 3 units are legally deeded as condominiums and sold together.
