Renovated Triplex with Private
For Sale
$1,200,000
1413 S BROAD STREET, Philadelphia, PA 19147
Fully renovated in 2014 and converted to three separately metered apartments with multiple private patio and deck spaces.
Property Size3,143 SF
Days on Market166
Property Features for 1413 S BROAD STREET
General Information
Standard status
Active
Size
3,143 SF
Total Parking Spaces
2
Property subtype
Triplex
Site & Location
Neighborhood
Wharton
Additional Details
Drive-In Doors
1
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,569
Building Details
Building Size
3,143 SF
Year Built
1915
Year Renovated
2014
Stories
3
Tenancy
Multi
Listing Agency:
KW Empower
Listed By:
Paul Chin · License #RS229203
(267) 210-0488
Source:
Patmckennarealtors
Added: May 12
Changed: Oct 21
Last Checked: Oct 23 at 4:31PM
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 KW Empower
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Investment Insights
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This fully renovated triplex was converted from a single residence into three separately metered apartments. The property was renovated in 2014 and offers three self-contained units. Unit 1 features 3 bedrooms and 2.5 baths, a granite kitchen, and exclusive access to a partially finished basement, along with a private patio that provides two-car side-by-side parking via a remote-controlled roll-up garage door. Unit 2 offers 2 bedrooms and 1 bath with hardwood floors and a granite kitchen, plus a 25-foot rear sun deck. Unit 3 includes 2 bedrooms and 1 bath with a granite breakfast bar and a private rear deck.
Located at 1413 South Broad Street in Philadelphia, the home is described as having close proximity to restaurants, bars, supermarkets, and easy public transportation access.
The layout is arranged across three levels with a unit configuration of 3BR/2.5BA and two 2BR/1BA apartments, supporting flexible owner-occupant or investment use.
Located at 1413 South Broad Street in Philadelphia, the home is described as having close proximity to restaurants, bars, supermarkets, and easy public transportation access.
The layout is arranged across three levels with a unit configuration of 3BR/2.5BA and two 2BR/1BA apartments, supporting flexible owner-occupant or investment use.
Key Highlights
- Built in 1915 and fully renovated in 2014; converted into three separately metered apartments
- Unit 1: 3BR/2.5BA with granite kitchen; includes exclusive access to a partially finished basement
- Unit 1 private patio includes 2‑car parking via a remote‑controlled roll‑up garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,635
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,700
$1.1M
Cap Rate 7%
$766,214
$766.2K
Cap Rate 9%
$595,944
$595.9K
Market Conditions
NOI Build-Up for 3,143 SF
Gross rent
$81.1K $25.80/SF
− Vacancy
−$4.5K −$1.42/SF
EGI
$76.6K $24.38/SF
− OpEx
−$23.0K −$7.31/SF
NOI
$53.6K $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%
$1,072,700
Cap Rate 7%
$766,214
Cap Rate 9%
$595,944
Alternative Uses
Best Use
Multifamily LT 5
$766.2K
$670.4K – $893.9K
NOI $53,635 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$706.3K
$618.0K – $824.0K
NOI $49,438 @ 7.0% cap · market cap 4.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Drive-in doors
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,265
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated in 2014 and converted to three separately metered apartments with multiple private patio and deck spaces.
Where is this triplex located?
The property is located at 1413 S BROAD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Built in 1915 and fully renovated in 2014; converted into three separately metered apartments; Unit 1: 3BR/2.5BA with granite kitchen; includes exclusive access to a partially finished basement; Unit 1 private patio includes 2‑car parking via a remote‑controlled roll‑up garage door
