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Philadelphia Triplex: Income-Producing Investment

1400 GREEBY Street Philadelphia, PA 19111

1400 GREEBY Street, Philadelphia, PA, 19111
$450,000
For Sale
Claim this Listing
$450,000

MULTI_FAMILY - PHILADELPHIA, PA

Property Size1,400 SF
Lot Size0.04 Acres
Price / SF$321.43
AddedFeb 24
Days on Market142
Last RefreshJul 16 at 2:06 pm

Property Features for 1400 GREEBY Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Standard status
Active
Size
1,400 SF
Lot size
0.04 Acres

Taxes and HOA fees

Tax Annual Amount
3961

Utilities

Heating system
Forced Air
Cooling system
Window Unit(s)

Building Details

Year built
1925
Number of units
3
Building materials
Masonry

Listing agent Joseph B Bograd License #AB066484

Listing office Elite Realty Group Unl. Inc. 1456 County Line Road, Huntingdon Valley, PA

Listing date Feb 24, 2026

MLS# PAPH2573452 Listing URL

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This fully occupied Philadelphia triplex offers a strong opportunity for investors seeking immediate cash flow. The property includes two well-sized 2-bedroom units, each generating $1,250 per month in rent. Additionally, there is a 1-bedroom unit with a private side entrance, currently receiving $900 per month and offering excellent rental flexibility. Tenants have access to the basement, which features shared laundry facilities and dedicated storage areas. Separate utilities for each unit simplify management and maintain efficient operating costs. The property size is 1400 square feet and the lot size is 0.0433 acres. With reliable in-place income and continued rental demand in the area, this triplex is a smart addition to any investor's portfolio.

Key Highlights

  • Fully occupied triplex providing immediate cash flow.
  • Two 2‑bedroom units each generating $1,250/month rent.
  • Additional 1‑bedroom unit with private entrance, renting for $900/month.

Local 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 $27.7k $19.80
− Vacancy −$868 −$0.62
EGI $26.9k $19.18
− OpEx −$8.1k −$5.75
NOI $18.8k $13.43
1,400 SF · lease $19.80/SF/yr · vacancy 3.13% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$268.5K
$235.0K – $313.3K (±1% cap)
NOI $18,797 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$247.6K
$216.7K – $288.9K (±1% cap)
NOI $17,334 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$424.5K
$371.4K – $495.2K (±1% cap)
NOI $29,713 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Building Supply Hotel & Motel (Bike/Boat/Book/etc) Store Acupuncture Cafe & Coffee Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Fully occupied Philadelphia triplex, generating immediate cash flow for investors.
Where is this triplex located?
The property is located at 1400 GREEBY Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully occupied triplex providing immediate cash flow.; Two 2‑bedroom units each generating $1,250/month rent.; Additional 1‑bedroom unit with private entrance, renting for $900/month.
Contact an agent
More about this property
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