Three-Unit Passyunk Square
For Sale
$425,000
1428 S 10TH STREET, Philadelphia, PA 19147
Three full-floor apartments with a private rear yard, basement storage, and laundry serving the first-floor residence.
Property Size2,040 SF
Days on Market51
Property Features for 1428 S 10TH STREET
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Triplex
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
Each unit needs some updating
Site & Location
Neighborhood
Yorktown
Public Transit
Yes
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$41,100
Taxes and HOA fees
Annual Taxes
$6,903
Building Details
Building Size
2,040 SF
Year Built
1915
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Elfant Wissahickon-Rittenhouse Square
Listed By:
Katherine Vail · License #RS278677
(215) 668-4989
Source:
Patmckennarealtors
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 23 at 12:53PM
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 Elfant Wissahickon-Rittenhouse Square
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Investment Insights
Based on property information with market context.
Built in 1915, this 2,040-square-foot triplex contains three one-bedroom, one-bath apartments, with one residence occupying each floor. The units share the same general arrangement, placing the living room toward the front, the kitchen centrally, and the bedroom and bathroom toward the rear. The first-floor apartment includes a large backyard, while the basement provides storage and laundry access for that unit. All three apartments are occupied by long-term tenants, and each unit requires updating.
The property is located at 1428 S 10th Street in Philadelphia’s Passyunk Square, directly across from Acme and CVS. East Passyunk Avenue’s dining and shopping corridor, the Singing Fountain at 11th and Tasker, the 9th Street Italian Market, and Columbus Square Park are within walking distance. The Broad Street Line and bus routes provide access to Center City.
The existing three-unit layout can be maintained while improvements are completed by floor, or the building can be reconfigured as a single-family residence, subject to applicable requirements.
The property is located at 1428 S 10th Street in Philadelphia’s Passyunk Square, directly across from Acme and CVS. East Passyunk Avenue’s dining and shopping corridor, the Singing Fountain at 11th and Tasker, the 9th Street Italian Market, and Columbus Square Park are within walking distance. The Broad Street Line and bus routes provide access to Center City.
The existing three-unit layout can be maintained while improvements are completed by floor, or the building can be reconfigured as a single-family residence, subject to applicable requirements.
Key Highlights
- Three one‑bedroom, one‑bath units with one apartment on each floor
- 2,040 SF triplex built in 1915
- First‑floor unit includes a large backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,812
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,240
$696.2K
Cap Rate 7%
$497,314
$497.3K
Cap Rate 9%
$386,800
$386.8K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$52.6K $25.80/SF
− Vacancy
−$2.9K −$1.42/SF
EGI
$49.7K $24.38/SF
− OpEx
−$14.9K −$7.31/SF
NOI
$34.8K $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%
$696,240
Cap Rate 7%
$497,314
Cap Rate 9%
$386,800
Alternative Uses
Best Use
Multifamily LT 5
$497.3K
$435.2K – $580.2K
NOI $34,812 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$458.4K
$401.1K – $534.8K
NOI $32,088 @ 7.0% cap · market cap 7.55%
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
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,707
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 - Three full-floor apartments with a private rear yard, basement storage, and laundry serving the first-floor residence.
Where is this triplex located?
The property is located at 1428 S 10TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three one‑bedroom, one‑bath units with one apartment on each floor; 2,040 SF triplex built in 1915; First‑floor unit includes a large backyard
