Occupied Three-Unit
For Sale
$345,000
1400 E BRISTOL STREET, Philadelphia, PA 19124
Three private-entry apartments are occupied by long-term tenants and configured for immediate rental use.
Property Size1,428 SF
Days on Market117
Property Features for 1400 E BRISTOL STREET
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Neighborhood
Kensington
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,779
Building Details
Building Size
1,428 SF
Year Built
1925
Tenancy
Multi
Listing Agency:
Genesis Real Estate Services
Listed By:
Maria I Falu-Rodriguez · License #RM422414
(215) 668-9135
Source:
Patmckennarealtors
Added: Jun 30
Changed: Oct 21
Last Checked: Oct 23 at 2:57PM
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 Genesis Real Estate Services
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Investment Insights
Based on property information with market context.
This legally zoned triplex contains 1,428 square feet and was built in 1925. The building includes three occupied one-bedroom apartments, each with a living room, dining area, kitchen, full bathroom, and separate entrance. A rear mechanical room serves the property, while front and side yards provide outdoor space for residents.
Located at 1400 E. Bristol Street at the corner of Bristol Street and M Street in Juniata, the property offers an established multifamily configuration with current occupancy across all three units. Its layout supports continued residential income use, with the potential for an owner to occupy one apartment while the remaining units generate rental income.
Located at 1400 E. Bristol Street at the corner of Bristol Street and M Street in Juniata, the property offers an established multifamily configuration with current occupancy across all three units. Its layout supports continued residential income use, with the potential for an owner to occupy one apartment while the remaining units generate rental income.
Key Highlights
- Legally zoned triplex with 1,428 square feet
- Three fully occupied one‑bedroom units
- Each apartment includes a private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,401
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,020
$368.0K
Cap Rate 7%
$262,871
$262.9K
Cap Rate 9%
$204,456
$204.5K
Market Conditions
NOI Build-Up for 1,428 SF
Gross rent
$28.3K $19.80/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$26.3K $18.41/SF
− OpEx
−$7.9K −$5.52/SF
NOI
$18.4K $12.89/SF
Area
ZIP 19124
Vacancy
7.03%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,020
Cap Rate 7%
$262,871
Cap Rate 9%
$204,456
Alternative Uses
Best Use
Multifamily LT 5
$262.9K
$230.0K – $306.7K
NOI $18,401 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$241.9K
$211.6K – $282.2K
NOI $16,931 @ 7.0% cap · market cap 4.91%
Theoretical Best
Specialty Retail
$821.4K
$718.7K – $958.3K
NOI $57,498 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
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Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three private-entry apartments are occupied by long-term tenants and configured for immediate rental use.
Where is this triplex located?
The property is located at 1400 E BRISTOL STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Legally zoned triplex with 1,428 square feet; Three fully occupied one‑bedroom units; Each apartment includes a private entrance
