South Philadelphia Triplex With Private
1250 South 15th Street Philadelphia, PA 19146
For Sale
$499,900
Three one-bedroom units offer separate utilities, with hardwood floors on the second floor and shared basement laundry.
Property Size2,217 SF
Price / SF$225.48
Days on Market75
Property Features for 1250 South 15th Street
General Information
- Standard status
- Active
- Size
- 2,217 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency:
Elite Realty Group Unl. Inc.
(267) 246-9729
Listed By:
Joseph B Bograd · License #AB066484
(267) 246-9729
Source:
Compass
Added: May 11
Changed: Jul 22
Last Checked: Jul 23 at 10:15AM
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 Elite Realty Group Unl. Inc.
Investment Insights
Based on property information with market context.
This South Philadelphia triplex includes three one-bedroom, one-bath residential units. The first-floor unit provides direct access to a private yard and is currently vacant. The second-floor unit has been renovated and features hardwood floors throughout. The third-floor unit is tenant-occupied, with rental income in place through June.
All three units have separate utilities, which can simplify day-to-day management. Shared laundry is available in the basement with a washer and dryer for all tenants.
All three units have separate utilities, which can simplify day-to-day management. Shared laundry is available in the basement with a washer and dryer for all tenants.
Key Highlights
- 1915‑built South Philadelphia triplex with three 1‑bedroom, 1‑bath units
- First‑floor unit includes direct access to a private yard; previously rented for $1,350/month and currently vacant
- Second‑floor unit was previously rented for $1,700/month and features hardwood floors throughout
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 | $57.2k | $25.80 |
| − Vacancy | −$3.2k | −$1.42 |
| EGI | $54.0k | $24.38 |
| − OpEx | −$16.2k | −$7.31 |
| NOI | $37.8k | $17.06 |
2,217 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$540.5K
$472.9K – $630.6K
NOI $37,833 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$498.2K
$435.9K – $581.2K
NOI $34,872 @ 7.0% cap · market cap 6.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three one-bedroom units offer separate utilities, with hardwood floors on the second floor and shared basement laundry.
Where is this triplex located?
The property is located at 1250 South 15th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1915‑built South Philadelphia triplex with three 1‑bedroom, 1‑bath units; First‑floor unit includes direct access to a private yard; previously rented for $1,350/month and currently vacant; Second‑floor unit was previously rented for $1,700/month and features hardwood floors throughout
