Updated Triplex With Laundry
1414 S 52ND STREET, Philadelphia, PA 19143
For Sale
$199,000
Three refreshed apartments offer one- and two-bedroom layouts with laundry hookups.
Property Size1,652 SF
Days on Market234
Property Features for 1414 S 52ND STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
laundry hookups
Building Details
Building Size
Year Built
Buildings
Listing Agency:
TCS Management, LLC
Listed By:
Moshe Adika · License PA AB069795
(267) 210-3080
Source:
Patmckennarealtors
Added: Mar 23
Changed: Nov 7
Last Checked: Nov 10 at 4:38PM
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 TCS Management, LLC
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Investment Insights
Based on property information with market context.
This triplex, built in 1945, contains three residential apartments: two one-bedroom units and one two-bedroom unit. The property has undergone rehabilitation, with updates incorporated throughout the units. Laundry hookups are included in each apartment, providing a practical feature for residential occupants.
The property is located on S 52nd Street in Philadelphia’s Southwest neighborhood, near Baltimore Avenue. Its unit mix combines two one-bedroom residences with a larger two-bedroom apartment, creating a straightforward multifamily configuration.
The property is located on S 52nd Street in Philadelphia’s Southwest neighborhood, near Baltimore Avenue. Its unit mix combines two one-bedroom residences with a larger two-bedroom apartment, creating a straightforward multifamily configuration.
Key Highlights
- Three‑unit triplex with two one‑bedroom apartments and one two‑bedroom apartment
- Rehabilitated property with recent unit updates
- Laundry hookups in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,896
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,920
$357.9K
Cap Rate 7%
$255,657
$255.7K
Cap Rate 9%
$198,844
$198.8K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$27.6K $16.68/SF
− Vacancy
−$2.0K −$1.20/SF
EGI
$25.6K $15.48/SF
− OpEx
−$7.7K −$4.64/SF
NOI
$17.9K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,920
Cap Rate 7%
$255,657
Cap Rate 9%
$198,844
Alternative Uses
Best Use
Multifamily LT 5
$255.7K
$223.7K – $298.3K
NOI $17,896 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$227.4K
$199.0K – $265.3K
NOI $15,918 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$566.2K
$495.4K – $660.6K
NOI $39,635 @ 7.0% cap · market cap 19.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
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Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Philadelphia, PA
Properties on Market for Triplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three refreshed apartments offer one- and two-bedroom layouts with laundry hookups.
Where is this triplex located?
The property is located at 1414 S 52ND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Three‑unit triplex with two one‑bedroom apartments and one two‑bedroom apartment; Rehabilitated property with recent unit updates; Laundry hookups in each apartment
