3-Unit Multifamily with
New
For Sale
$409,900
129 S 63RD STREET, Philadelphia, PA 19139
The occupied property combines a studio, two two-bedroom apartments, and two garages.
Property Size1,694 SF
Price / SF$241.97
Days on Market4
Property Features for 129 S 63RD STREET
General Information
Standard status
Active
Size
1,694 SF
Total Parking Spaces
2
Property subtype
Triplex
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
non-functioning brick fireplace
Units
Unit Mix
1 x studio, 2 x 2BR/1BA
Multifamily Units
3
Amenities
on-site laundry
Building Details
Year Built
1925
Listing Agency:
Compass Pennsylvania, LLC
(267) 435-8015
Listed By:
Eli Qarkaxhia · License #RS311277
(215) 774-5782
Source:
Cummingsrealtors
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 2:40PM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
Built in 1925, this 1,694-square-foot multifamily property in West Philadelphia contains three apartments: one studio and two two-bedroom units. The studio includes access to a private laundry area. Apartment features include stainless steel appliances, luxury vinyl plank flooring, and a mix of tub-shower and walk-in shower bathrooms. One unit has an enclosed front porch; another has a separate side entrance and a bay window. Two garages add separate rental potential, and the apartments are fully leased.
Recent work includes replacement of the front and main roofs. The property is located at 129 S 63RD STREET in Philadelphia.
Recent work includes replacement of the front and main roofs. The property is located at 129 S 63RD STREET in Philadelphia.
Key Highlights
- Three apartments: one studio and two two‑bedroom units
- 1,694‑square‑foot multifamily property built in 1925
- Fully leased apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,908
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,160
$578.2K
Cap Rate 7%
$412,971
$413.0K
Cap Rate 9%
$321,200
$321.2K
Market Conditions
NOI Build-Up for 1,694 SF
Gross rent
$43.7K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$41.3K $24.38/SF
− OpEx
−$12.4K −$7.31/SF
NOI
$28.9K $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%
$578,160
Cap Rate 7%
$412,971
Cap Rate 9%
$321,200
Alternative Uses
Best Use
Multifamily LT 5
$413.0K
$361.4K – $481.8K
NOI $28,908 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$380.7K
$333.1K – $444.1K
NOI $26,646 @ 7.0% cap · market cap 6.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,625
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - The occupied property combines a studio, two two-bedroom apartments, and two garages.
Where is this triplex located?
The property is located at 129 S 63RD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Three apartments: one studio and two two‑bedroom units; 1,694‑square‑foot multifamily property built in 1925; Fully leased apartments
