Three-Unit Multifamily
For Sale
$319,900
1430 UNITY STREET, Philadelphia, PA 19124
Three-level residential income property with one vacant unit and two occupied units.
Property Size1,920 SF
Days on Market56
Property Features for 1430 UNITY STREET
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Triplex
Site & Location
Neighborhood
Kensington
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,341
Building Details
Building Size
1,920 SF
Year Built
1935
Listing Agency:
20/20 Real Estate - Bensalem
Listed By:
Walter Marchowsky · License #RB068747
(215) 357-2020
Source:
Mainlinekw
Added: Sep 7
Changed: Oct 31
Last Checked: Oct 30 at 10:10PM
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 20/20 Real Estate - Bensalem
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Investment Insights
Based on property information with market context.
Built in 1935, this three-unit multifamily property includes one vacant unit on the second floor and occupied units on the first and third floors. The two occupied units have long-term tenants paying monthly rent.
The property is located at 1430 Unity Street in Philadelphia, Pennsylvania 19124. Its three-unit configuration includes an available unit alongside two existing tenancies, offering an owner-occupant setup supported by the current occupancy arrangement.
The property is located at 1430 Unity Street in Philadelphia, Pennsylvania 19124. Its three-unit configuration includes an available unit alongside two existing tenancies, offering an owner-occupant setup supported by the current occupancy arrangement.
Key Highlights
- Three‑unit multifamily property built in 1935
- Second‑floor unit is currently vacant
- First- and third‑floor units have long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,740
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,800
$494.8K
Cap Rate 7%
$353,429
$353.4K
Cap Rate 9%
$274,889
$274.9K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$38.0K $19.80/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$35.3K $18.41/SF
− OpEx
−$10.6K −$5.52/SF
NOI
$24.7K $12.89/SF
Area
ZIP 19124
Vacancy
7.03%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,800
Cap Rate 7%
$353,429
Cap Rate 9%
$274,889
Alternative Uses
Best Use
Multifamily LT 5
$353.4K
$309.3K – $412.3K
NOI $24,740 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$325.2K
$284.6K – $379.4K
NOI $22,764 @ 7.0% cap · market cap 7.12%
Theoretical Best
Specialty Retail
$1.10M
$966.4K – $1.29M
NOI $77,308 @ 7.0% cap · market cap 24.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,916
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-level residential income property with one vacant unit and two occupied units.
Where is this triplex located?
The property is located at 1430 UNITY STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Three‑unit multifamily property built in 1935; Second‑floor unit is currently vacant; First- and third‑floor units have long‑term tenants
