Triplex With Rooftop
For Sale
$780,000
1328 N 7TH STREET, Philadelphia, PA 19122
Contemporary three-unit property with private outdoor spaces, in-unit laundry, hardwood floors, and central air conditioning.
Property Size3,204 SF
Price / SF$243.45
Days on Market59
Property Features for 1328 N 7TH STREET
General Information
Standard status
Active
Size
3,204 SF
Property subtype
Triplex
Units
Unit Mix
1 x 2BR/2BA penthouse unit, 1 x 2BR/2BA apartment, 1 x 3BR/2BA bi-level residence
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
private rooftop deck
private rear yard
open-concept kitchens
hardwood floors
central air conditioning
in-unit laundry centers
Building Details
Year Built
2016
Construction
contemporary
Listing Agency:
Michael Jordan Real Estate, LLC
(215) 403-3333
Listed By:
Michael Jordan · License #RM425935
(215) 870-3903
Source:
Cummingsrealtors
Added: Aug 17
Changed: Oct 13
Last Checked: Oct 12 at 7:36PM
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 Michael Jordan Real Estate, LLC
Investment Insights
Based on property information with market context.
Built in 2016, this 3,204-square-foot triplex at 1328 N 7th Street in Philadelphia includes three residences with distinct layouts. The property offers one 2-bed, 2-bath penthouse with a private rooftop deck, one 2-bed, 2-bath single-level apartment, and one 3-bed, 2-bath bi-level residence with direct access to a private rear yard.
Across the units, interiors feature open-concept kitchens with granite surfaces, hardwood flooring, central air conditioning, dedicated in-unit laundry centers, and oversized bedrooms. The property is positioned near the culinary districts of Fishtown and Northern Liberties, Temple University, and transit connections serving Center City through the Market-Frankford and Broad Street lines.
Across the units, interiors feature open-concept kitchens with granite surfaces, hardwood flooring, central air conditioning, dedicated in-unit laundry centers, and oversized bedrooms. The property is positioned near the culinary districts of Fishtown and Northern Liberties, Temple University, and transit connections serving Center City through the Market-Frankford and Broad Street lines.
Key Highlights
- 3,204‑square‑foot triplex built in 2016
- Unit mix includes One (1) 2‑bed, 2‑bath penthouse, One (1) 2‑bed, 2‑bath apartment, and One (1) 3‑bed, 2‑bath residence
- Penthouse includes a private rooftop deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,676
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,093,520
$1.1M
Cap Rate 7%
$781,086
$781.1K
Cap Rate 9%
$607,511
$607.5K
Market Conditions
NOI Build-Up for 3,204 SF
Gross rent
$82.7K $25.80/SF
− Vacancy
−$4.6K −$1.42/SF
EGI
$78.1K $24.38/SF
− OpEx
−$23.4K −$7.31/SF
NOI
$54.7K $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%
$1,093,520
Cap Rate 7%
$781,086
Cap Rate 9%
$607,511
Alternative Uses
Best Use
Multifamily LT 5
$781.1K
$683.5K – $911.3K
NOI $54,676 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$720.0K
$630.0K – $840.0K
NOI $50,397 @ 7.0% cap · market cap 6.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,823
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
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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 - Contemporary three-unit property with private outdoor spaces, in-unit laundry, hardwood floors, and central air conditioning.
Where is this triplex located?
The property is located at 1328 N 7TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 3,204‑square‑foot triplex built in 2016; Unit mix includes One (1) 2‑bed, 2‑bath penthouse, One (1) 2‑bed, 2‑bath apartment, and One (1) 3‑bed, 2‑bath residence; Penthouse includes a private rooftop deck
