Newly Constructed Triplex with Bi-Level
1419 Poplar Street Philadelphia, PA 19130
For Sale
$1,000,000
Newly constructed triplex with two bi-level 3-bedroom/2-bath units and one 1-bedroom/1-bath unit.
Property Size3,500 SF
Price / SF$285.71
Days on Market1111
Property Features for 1419 Poplar Street
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2019
Listing Agency:
KW Empower
(215) 960-9537
Listed By:
Elan Elkaim · License #RS316148
(215) 960-9537
Source:
Compass
Added: Jul 11, 2023
Changed: Jul 22
Last Checked: Jul 22 at 12:46AM
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 Empower
Investment Insights
Based on property information with market context.
1419 Poplar St presents a newly constructed triplex configured with two bi-level units, each offering three bedrooms and two bathrooms, plus one separate 1-bedroom, 1-bath unit. Interiors feature hardwood flooring throughout, large windows, and open concept living and dining spaces. Kitchens include stainless steel appliances, quartz countertops, subway tile backsplash, and shaker cabinets, and each unit has a dedicated laundry closet with an in-unit washer and dryer. The property also includes modern conveniences such as a smart thermostat and a security system, along with a built-in surround sound speaker system. The top unit includes a wet bar and access to a private roof deck.
Located in Francisville at 1419 Poplar Street, the property is next to the Met and is described as walkable to Broad St for shopping and dining. Girard Station is also noted as approximately two blocks away for a commute via the Broad Street Line.
The listing also notes remaining years of tax abatement as part of the overall ownership profile.
Located in Francisville at 1419 Poplar Street, the property is next to the Met and is described as walkable to Broad St for shopping and dining. Girard Station is also noted as approximately two blocks away for a commute via the Broad Street Line.
The listing also notes remaining years of tax abatement as part of the overall ownership profile.
Key Highlights
- Newly constructed 2019 triplex with two bi‑level 3‑bedroom/2‑bath units plus one 1‑bedroom/1‑bath unit
- Hardwood floors throughout and open‑concept living/dining spaces in all units
- Kitchen features include stainless steel appliances, quartz countertops, subway tile backsplash, and shaker cabinets
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 | $90.3k | $25.80 |
| − Vacancy | −$5.0k | −$1.42 |
| EGI | $85.3k | $24.38 |
| − OpEx | −$25.6k | −$7.31 |
| NOI | $59.7k | $17.06 |
3,500 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$853.2K
$746.6K – $995.5K
NOI $59,727 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$786.5K
$688.2K – $917.6K
NOI $55,053 @ 7.0% cap · market cap 5.51%
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 - Newly constructed triplex with two bi-level 3-bedroom/2-bath units and one 1-bedroom/1-bath unit.
Where is this triplex located?
The property is located at 1419 Poplar Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Newly constructed 2019 triplex with two bi‑level 3‑bedroom/2‑bath units plus one 1‑bedroom/1‑bath unit; Hardwood floors throughout and open‑concept living/dining spaces in all units; Kitchen features include stainless steel appliances, quartz countertops, subway tile backsplash, and shaker cabinets
