Well-Maintained Triplex in South
1454 South 28th Street Philadelphia, PA 19146
For Sale
$549,000
Triplex with two occupied two-bedroom units and a vacant one-bedroom unit, each with in-unit laundry and central air.
Property Size2,337 SF
Price / SF$234.92
Days on Market57
Property Features for 1454 South 28th Street
General Information
- Standard status
- Active
- Size
- 2,337 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency:
PennHunter
(267) 496-4272
Listed By:
Vasily Gydov · License #RS343369
(267) 496-4272
Source:
Compass
Added: May 28
Changed: Jul 21
Last Checked: Jul 23 at 11:05AM
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 PennHunter
Investment Insights
Based on property information with market context.
This well-maintained triplex includes three residential units with updated, modern cosmetic improvements completed in 2024. The first-floor unit is a vacant 1-bedroom, 1-bath layout, suitable for owner-occupancy or immediate lease-up. The second-floor unit is occupied as a 2-bedroom, 1-bath and the third-floor unit is occupied as a 2-bedroom, 1-bath.
Each unit features central air conditioning, in-unit laundry, updated flooring, and new kitchen cabinetry, along with a full bathroom. The property’s current rent roll includes $2,125/month from the second-floor unit and $1,967/month from the third-floor unit.
Located in the Girard Estate/Marconi area of South Philadelphia, the property offers investors or owner-occupants the benefit of existing rental income plus the ability to bring the first-floor unit to market.
Each unit features central air conditioning, in-unit laundry, updated flooring, and new kitchen cabinetry, along with a full bathroom. The property’s current rent roll includes $2,125/month from the second-floor unit and $1,967/month from the third-floor unit.
Located in the Girard Estate/Marconi area of South Philadelphia, the property offers investors or owner-occupants the benefit of existing rental income plus the ability to bring the first-floor unit to market.
Key Highlights
- Well‑maintained 3‑unit triplex (Girard Estate/Marconi area of South Philadelphia), built in 1925
- First‑floor 1‑bedroom, 1‑bath unit is vacant and ready for owner‑occupant or immediate lease‑up
- Second‑floor occupied 2‑bedroom, 1‑bath unit generating $2,125/month
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 | $60.3k | $25.80 |
| − Vacancy | −$3.3k | −$1.42 |
| EGI | $57.0k | $24.38 |
| − OpEx | −$17.1k | −$7.31 |
| NOI | $39.9k | $17.06 |
2,337 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$569.7K
$498.5K – $664.7K
NOI $39,881 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$525.1K
$459.5K – $612.7K
NOI $36,760 @ 7.0% cap · market cap 6.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with two occupied two-bedroom units and a vacant one-bedroom unit, each with in-unit laundry and central air.
Where is this triplex located?
The property is located at 1454 South 28th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Well‑maintained 3‑unit triplex (Girard Estate/Marconi area of South Philadelphia), built in 1925; First‑floor 1‑bedroom, 1‑bath unit is vacant and ready for owner‑occupant or immediate lease‑up; Second‑floor occupied 2‑bedroom, 1‑bath unit generating $2,125/month
