Three-Unit Triplex with Central
For Sale
$750,000
225 Green Street, Philadelphia, PA 19123
Triplex offers three two-bedroom units, each with central air, plus a large yard for tenant use.
Property Size2,760 SF
Price / SF$271.74
Days on Market1479
Property Features for 225 Green Street
General Information
Standard status
Active
Size
2,760 SF
Property subtype
Multi-Family
Zoning
CMX2
Occupancy
100%
Site & Location
Neighborhood
North Philadelphia
Highway Access
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,866
Amenities
Electric
Yes
Estimated
No Pool
Public
U50
20.00 x 66.00
0.03
No
Stone
125544.00
Building Details
Building Size
2,760 SF
Year Built
1900
Listing Agency:
Samson Properties
(856) 222-0077
Listed By:
Ryan LeBon
Source:
Thetristaterealestategroup
Added: Oct 7, 2022
Changed: Oct 14
Last Checked: Oct 23 at 6:24AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This property is a large triplex with three separate units, and each unit is configured with two bedrooms and central air conditioning. The offering also includes a large yard, providing outdoor space as part of the residential rental setup.
The building is located one half block from the intersection of Third and Spring Garden Sts. It is also close to the Delaware River, Center City Philadelphia, and Interstate 95, supporting broad accessibility to employment, retail, and regional transportation routes.
For buyers seeking an income-producing residential asset, the current lease terms provide near- to mid-term tenancy visibility: Unit A’s lease ends 5/31/2024 at $1,470 per month; Unit B renews for a year beginning 5/1/24 at $1,340 per month; and Unit C’s lease ends 10/31/2024 at $1,500 per month. The unit mix and central air across all three apartments make the property straightforward to market to tenants looking for consistent in-unit comfort.
The building is located one half block from the intersection of Third and Spring Garden Sts. It is also close to the Delaware River, Center City Philadelphia, and Interstate 95, supporting broad accessibility to employment, retail, and regional transportation routes.
For buyers seeking an income-producing residential asset, the current lease terms provide near- to mid-term tenancy visibility: Unit A’s lease ends 5/31/2024 at $1,470 per month; Unit B renews for a year beginning 5/1/24 at $1,340 per month; and Unit C’s lease ends 10/31/2024 at $1,500 per month. The unit mix and central air across all three apartments make the property straightforward to market to tenants looking for consistent in-unit comfort.
Key Highlights
- Large triplex with three 2‑bedroom units
- Each unit has central air conditioning
- Electric heat and electric hot water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,099
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,980
$942.0K
Cap Rate 7%
$672,843
$672.8K
Cap Rate 9%
$523,322
$523.3K
Market Conditions
NOI Build-Up for 2,760 SF
Gross rent
$71.2K $25.80/SF
− Vacancy
−$3.9K −$1.42/SF
EGI
$67.3K $24.38/SF
− OpEx
−$20.2K −$7.31/SF
NOI
$47.1K $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%
$941,980
Cap Rate 7%
$672,843
Cap Rate 9%
$523,322
Alternative Uses
Best Use
Multifamily LT 5
$672.8K
$588.7K – $785.0K
NOI $47,099 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$620.2K
$542.7K – $723.6K
NOI $43,413 @ 7.0% cap · market cap 5.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,436
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex offers three two-bedroom units, each with central air, plus a large yard for tenant use.
Where is this triplex located?
The property is located at 225 Green Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Large triplex with three 2‑bedroom units; Each unit has central air conditioning; Electric heat and electric hot water
