Residential
New
For Sale
$295,000
1345 W SOMERSET STREET, Philadelphia, PA 19132
Built in 1920, the property contains three residential units.
Property Size2,244 SF
Days on Market2
Property Features for 1345 W SOMERSET STREET
General Information
Standard status
Active
Size
2,244 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$1,024
Building Details
Building Size
2,244 SF
Year Built
1920
Listing Agency:
RE/MAX Access
(215) 817-7602
Listed By:
Edward P Diehl · License #AB069544
(215) 817-7602
Source:
Patmckennarealtors
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 4:58AM
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 RE/MAX Access
Investment Insights
Based on property information with market context.
This Philadelphia residential triplex was constructed in 1920 and includes three separate residential units within one property. The asset is located at 1345 W Somerset Street in Philadelphia, Pennsylvania, with tenant occupancy noted in the property information. Access and showing conditions should account for the existing residents.
Key Highlights
- Three‑unit residential configuration
- Constructed in 1920
- Located at 1345 W Somerset Street, Philadelphia, PA 19132
Financial Insights For Mixed Use
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 | $48.5k | $21.60 |
| − Vacancy | −$5.8k | −$2.59 |
| EGI | $42.7k | $19.01 |
| − OpEx | −$16.0k | −$7.13 |
| NOI | $26.7k | $11.88 |
2,244 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Multifamily LT 5
$547.1K
$478.7K – $638.2K
NOI $38,294 @ 7.0% cap · market cap 12.98%
Second Best
Apartment 5plus
$504.2K
$441.2K – $588.3K
NOI $35,297 @ 7.0% cap · market cap 11.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,930
Businesses Nearby
Explore this area
Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
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 - Built in 1920, the property contains three residential units.
Where is this triplex located?
The property is located at 1345 W SOMERSET STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three‑unit residential configuration; Constructed in 1920; Located at 1345 W Somerset Street, Philadelphia, PA 19132
