Modern Triplex Near Temple
1431 North 17th Street, Philadelphia, PA 19121
Built in 2016, great investment opportunity near Temple University.
Type:Multi-Family / Fee Simple
Property size:
4,053 SFPrice / SF:
$197/SF- Added:
- Feb 5, 2025
- Days on Market:
- 481
- Last Refresh:
- Mar 13 at 2:35 pm
Property Features for 1431 North 17th Street
General Information
- Standard status
- Active
- Size
- 4,053 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2016
Listing agent Xiao hui Fu License #RS350117 (267) 234-4938
Listing office Century 21 Target Realty Northeast LLC (267) 234-4938
Listing date Feb 5, 2025
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 Century 21 Target Realty Northeast LLC
HighLights
- Triplex built in 2016 in very good condition, offering a strong investment opportunity.
- Located close to Temple University, ideal for student rentals.
- Each apartment has its own central AC, washer and dryer, kitchen, and separate water and electric meters.
- All apartments feature hardwood and tile floors, and tiled showers and bathrooms.
- First‑floor apartment is a bi‑level unit with access to a nice‑sized backyard.
- All apartments are currently tenant‑occupied, providing immediate rental income.
Overview
This triplex, constructed in 2016, presents a significant investment opportunity. The building is in very good condition and is located close to Temple University. The property features three apartments. The first floor apartment is a bi-level unit with access to a nice-sized backyard, spanning the first floor and a finished basement. The basement level includes 2 bedrooms, 2 full baths, a living room, and a full-size washer and dryer. The first floor of this unit contains a kitchen, dining room, 3 bedrooms, and 2 full baths. The second and third floor apartments each feature 4 bedrooms, 4 full baths, a kitchen, and a washer and dryer. All apartments are equipped with hardwood and tile floors, tiled showers, and bathrooms. Each apartment has central AC and separate meters for water and electric, with tenants responsible for all utilities. The property's proximity to shopping, public transportation, and Temple University makes it suitable for renting to college students. All apartments are currently tenant-occupied. The property is suitable for investment or owner-occupancy with rental income from the other apartments. The property size is 4053 square feet.
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 | $104.6k | $25.80 |
| − Vacancy | −$5.8k | −$1.42 |
| EGI | $98.8k | $24.38 |
| − OpEx | −$29.6k | −$7.31 |
| NOI | $69.2k | $17.06 |
4,053 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$988.1K
$864.6K – $1.15M
NOI $69,164 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$910.7K
$796.9K – $1.06M
NOI $63,752 @ 7.0% cap · market cap 7.98%
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
- -75.1726548
- Latitude
- 39.9326518
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Built in 2016, great investment opportunity near Temple University.
Where is this triplex located?
The property is located at 1431 North 17th 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: Triplex built in 2016 in very good condition, offering a strong investment opportunity.; Located close to Temple University, ideal for student rentals.; Each apartment has its own central AC, washer and dryer, kitchen, and separate water and electric meters.
