Framing-Complete Triplex
For Sale
$430,000
Pending
1410 S 9Th Street, Philadelphia, PA 19147
Three-family zoning approved for a 3-story building, with framing complete and ready for interior finishes.
Property Size2,090 SF
Days on Market208
Property Features for 1410 S 9Th Street
General Information
Standard status
Pending
Size
2,090 SF
Property subtype
Pending
Zoning
RSA5
Taxes and HOA fees
Annual Taxes
$6,362
Amenities
Wood
Natural Gas
Yes
Electric,Natural Gas
No
Assessor
No Pool
Public
U50
16.00 x 70.00
0.03
On Street
Brick/Mortar
90900.00
Building Details
Building Size
2,090 SF
Year Built
1915
Stories
3
Listing Agency:
Zar Realty, LLC
(856) 222-0077
Listed By:
Julia Joyce-Hall
(856) 630-4482
Source:
Thetristaterealestategroup
Added: Mar 17
Changed: Oct 3
Last Checked: Oct 9 at 5:50PM
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 Zar Realty, LLC
Investment Insights
Based on property information with market context.
This 3-story building is configured for a three-family setup under approved 3-family zoning. Framing is complete, providing a head start toward interiors and finishes, with the property positioned for continued development through completion of the remaining work.
The lot measures 16 x 70. The building is described as being near shops, restaurants, transit, and parks, supporting a tenant-oriented residential setting.
For investors or owner-occupants, the property offers a straightforward path to finish a triplex under an approved multi-family framework. It may also fit developers looking for a project where structural framing has already been completed, with the next steps focused on interior build-out and finishing.
The lot measures 16 x 70. The building is described as being near shops, restaurants, transit, and parks, supporting a tenant-oriented residential setting.
For investors or owner-occupants, the property offers a straightforward path to finish a triplex under an approved multi-family framework. It may also fit developers looking for a project where structural framing has already been completed, with the next steps focused on interior build-out and finishing.
Key Highlights
- Three‑family zoning approved for a 3‑story building.
- Lot is 16 x 70 (0.03 acres), per Assessor.
- Framing is complete and the building is ready for interior finishes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,666
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,320
$713.3K
Cap Rate 7%
$509,514
$509.5K
Cap Rate 9%
$396,289
$396.3K
Market Conditions
NOI Build-Up for 2,090 SF
Gross rent
$53.9K $25.80/SF
− Vacancy
−$3.0K −$1.42/SF
EGI
$51.0K $24.38/SF
− OpEx
−$15.3K −$7.31/SF
NOI
$35.7K $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%
$713,320
Cap Rate 7%
$509,514
Cap Rate 9%
$396,289
Alternative Uses
Best Use
Multifamily LT 5
$509.5K
$445.8K – $594.4K
NOI $35,666 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$469.6K
$410.9K – $547.9K
NOI $32,875 @ 7.0% cap · market cap 7.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,201
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Check the figures for this property
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 - Three-family zoning approved for a 3-story building, with framing complete and ready for interior finishes.
Where is this triplex located?
The property is located at 1410 S 9Th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Three‑family zoning approved for a 3‑story building.; Lot is 16 x 70 (0.03 acres), per Assessor.; Framing is complete and the building is ready for interior finishes.
