Triplex with Three
1162 South 10th Street Philadelphia, PA 19147
For Sale
$646,980
Triplex featuring three rented garages and three income-producing units with separate living layouts.
Property Size2,550 SF
Price / SF$253.72
Days on Market522
Property Features for 1162 South 10th Street
General Information
- Standard status
- Active
- Size
- 2,550 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency:
Target Realty
(215) 218-0939
Listed By:
Shengfei Lin · License #RS330620
(215) 218-0939
Source:
Compass
Added: Feb 17, 2025
Changed: Jul 22
Last Checked: Jul 22 at 8:01PM
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 Target Realty
Investment Insights
Based on property information with market context.
This rare triplex includes three garages and three rented apartments, providing one building with multiple income streams. The first-floor unit was previously used as a store and is currently configured as an apartment. The second floor offers a 1-bedroom, 1-bath layout with a patio. The third floor features 2 bedrooms along with a spacious living area.
The property is located at 1162 South 10th Street in Philadelphia, PA 19147. All units and garages are rented.
The building’s configuration combines apartment living space with detached parking/garage income through the three garages on-site.
The property is located at 1162 South 10th Street in Philadelphia, PA 19147. All units and garages are rented.
The building’s configuration combines apartment living space with detached parking/garage income through the three garages on-site.
Key Highlights
- Triplex on the 1152 S 13th St area of South Philadelphia with all units rented
- 3 garages included; all garages are rented
- First floor currently used as an apartment; it previously was a store
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 | $65.8k | $25.80 |
| − Vacancy | −$3.6k | −$1.42 |
| EGI | $62.2k | $24.38 |
| − OpEx | −$18.6k | −$7.31 |
| NOI | $43.5k | $17.06 |
2,550 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$621.6K
$543.9K – $725.3K
NOI $43,515 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$573.0K
$501.4K – $668.5K
NOI $40,110 @ 7.0% cap · market cap 6.20%
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 - Triplex featuring three rented garages and three income-producing units with separate living layouts.
Where is this triplex located?
The property is located at 1162 South 10th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $646,980.
What are key features of this property?
This property features: Triplex on the 1152 S 13th St area of South Philadelphia with all units rented; 3 garages included; all garages are rented; First floor currently used as an apartment; it previously was a store
