Legal Triplex with
For Sale
$825,000
128 PEMBERTON STREET, Philadelphia, PA 19147
Federal Period home configured as separate apartments with hardwood floors, fireplace, deck, and backyard access.
Days on Market25
Property Features for 128 PEMBERTON STREET
General Information
Standard status
Active
Property subtype
Triplex
Additional Details
Gross Income
$62,040
Amenities
hardwood floors
fireplace
deck
garden
high ceilings
Building Details
Building Size
2,490 SF
Year Built
1915
Construction
Federal
Tenancy
Multi
Listing Agency:
Tesla Realty Group, LLC
(215) 858-1018
Listed By:
Ilya Zamarin · License #RS282713
(215) 858-1018
Source:
Patmckennarealtors
Added: Jul 8
Changed: Jul 31
Last Checked: Jul 31 at 3:40PM
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 Tesla Realty Group, LLC
Investment Insights
Based on property information with market context.
This legal triplex is a Federal Period home built in 1915 and currently configured as 3 completely separate apartments. The property features large rooms, high ceilings, hardwood floors, a fireplace, deck, garden, and basement access. The first-floor apartment includes 1 bedroom and backyard access. The second floor is configured as a studio, while the bi-level second- and third-floor apartment includes 3 bedrooms and 2 full baths.
Located on Pemberton Street in Queen Village, the property is within walking distance of South Street, Spruce Street Harbor, historic sites, Olde City, and restaurants. The address is 128 Pemberton Street, Philadelphia, PA 19147.
Located on Pemberton Street in Queen Village, the property is within walking distance of South Street, Spruce Street Harbor, historic sites, Olde City, and restaurants. The address is 128 Pemberton Street, Philadelphia, PA 19147.
Key Highlights
- Legal triplex with 3 completely separate apartments
- Built in 1915 as a Federal Period home
- Unit mix includes a 1‑bedroom, studio, and 3‑bedroom apartment with 2 full baths
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 | $64.2k | $25.80 |
| − Vacancy | −$3.5k | −$1.42 |
| EGI | $60.7k | $24.38 |
| − OpEx | −$18.2k | −$7.31 |
| NOI | $42.5k | $17.06 |
2,490 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$607.0K
$531.2K – $708.2K
NOI $42,492 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$559.5K
$489.6K – $652.8K
NOI $39,166 @ 7.0% cap · market cap 4.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,605
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Federal Period home configured as separate apartments with hardwood floors, fireplace, deck, and backyard access.
Where is this triplex located?
The property is located at 128 PEMBERTON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Legal triplex with 3 completely separate apartments; Built in 1915 as a Federal Period home; Unit mix includes a 1‑bedroom, studio, and 3‑bedroom apartment with 2 full baths
