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    Renovated Triplex in Olde Kensington Title is generated by Realmo AI

    1454 North Lawrence Street, Philadelphia, PA 19122

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    For Sale
    $650,000

    Fully renovated triplex in Philadelphia's vibrant Olde Kensington neighborhood.

    Type:Multi-Family / Fee Simple
    Property size:
    2,440 SF
    Price / SF:
    $266/SF
    Added:
    Jul 18, 2025
    Days on Market:
    318
    Last Refresh:
    Mar 13 at 1:50 pm

    Property Features for 1454 North Lawrence Street

    General Information

    Standard status
    Active
    Size
    2,440 SF
    Property subtype
    Multi-Family / Fee Simple

    Building Details

    Year Built
    1915

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    Listing Contact
    Matthew DeSantis

    Listing agent Matthew DeSantis License #342628

    Listing office Keller Williams Real Estate-Horsham

    Listing date Jul 18, 2025

    Source Compass

    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 Keller Williams Real Estate-Horsham

    HighLights

    • Turnkey, fully renovated triplex in Philadelphia's Olde Kensington neighborhood, offering immediate cash flow potential.
    • Three modern 1‑bedroom units, each with renovated interiors, modern kitchens and baths, and stylish lighting.
    • Ideal for investors or owner‑occupants, with options to adjust rents or live in one unit and rent out the others.
    • Located in a vibrant area with easy access to restaurants, coffee shops, breweries, and public transportation.
    • Features energy‑efficient ductless mini‑split systems in each unit.
    • Unit 2 is currently rented through 1/31/26 providing immediate income.

    Overview

    Located in Philadelphia’s Olde Kensington neighborhood, this renovated triplex at 1454 N Lawrence Street is a turnkey investment property featuring three modern 1-bedroom units. Each unit blends historic charm with contemporary finishes. Unit 1 includes 1 bedroom and 1.5 baths, soaring ceilings, oversized windows, exposed brick, designer lighting, a modern kitchen with stainless steel appliances and subway tile backsplash, a full bath with black-framed shower, and an additional half bath. Unit 1 was recently rented for $1,800 per month. Unit 2 is a 1-bedroom, 1-bath apartment with exposed brick, wide-plank flooring, an open-concept kitchen, and a modern bath with black-framed glass shower and wood vanity, and is rented for $1,550 per month through 1/31/26. Unit 3 features a 1-bedroom, 1-bath loft-style layout with a bright open living space, exposed brick accents, in-unit laundry, and a sleek bath with black-framed glass shower, and was recently rented for $1,500 monthly. The property features fully renovated interiors, modern kitchens and baths, and energy-efficient ductless mini-split systems. Situated on the corner of Lawrence & Jefferson, residents have access to neighborhood hotspots, coffee shops, breweries, and restaurants in Olde Kensington, Fishtown, and Northern Liberties, as well as transit options along Girard Avenue and the Market-Frankford Line for commutes to Center City and universities such as Temple & Drexel. The property is suitable for investors seeking immediate cash flow or first-time buyers looking to live in one unit and rent out the others. The property size is 2440 square feet.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $63.0k $25.80
    − Vacancy −$3.5k −$1.42
    EGI $59.5k $24.38
    − OpEx −$17.8k −$7.31
    NOI $41.6k $17.06
    2,440 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $594.8K
    $520.5K – $694.0K (±1% cap)
    NOI $41,638 @ 7.0% cap · market cap 6.41%
    Second Best
    Apartment 5plus
    $548.3K
    $479.8K – $639.7K (±1% cap)
    NOI $38,380 @ 7.0% cap · market cap 5.90%
    Theoretical Best
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.14341
    Latitude
    39.973804

    FAQs

    What type of property is this?
    Triplex - Fully renovated triplex in Philadelphia's vibrant Olde Kensington neighborhood.
    Where is this triplex located?
    The property is located at 1454 North Lawrence Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Turnkey, fully renovated triplex in Philadelphia's Olde Kensington neighborhood, offering immediate cash flow potential.; Three modern 1‑bedroom units, each with renovated interiors, modern kitchens and baths, and stylish lighting.; Ideal for investors or owner‑occupants, with options to adjust rents or live in one unit and rent out the others.
    More about this property
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