Renovated Three-Unit
New
For Sale
$475,000
1493 N 53RD Street, Philadelphia, PA 19131
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,775 SF
Lot Size0.02 Acres
Price / SF$267.61
Days on Market2
Property Features for 1493 N 53RD Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
High school
OVERBROOK
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,775 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
2341
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1925
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Century 21 Advantage Gold-Southampton · Century 21 Real Estate
(215) 322-7050
Listed By:
Connery Koski · License #AB069215
(215) 954-4414
Added: Aug 1
Last Checked: Aug 2 at 3:06AM
MLS# PAPH2655082
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Fully renovated three-unit triplex featuring modern finishes throughout and a unit mix of one-bedroom on the first floor and two-bedroom apartments on the second and third floors. Updates include recessed lighting, durable plank flooring, and contemporary kitchens with shaker-style cabinetry, quartz countertops, and stainless-steel appliances with black accents. Renovated bathrooms feature large-format tile surrounds, built-in shower niches, modern vanities, and matte-black fixtures. The building is masonry construction and includes forced-air heating and central air.
The property is fully electric, with separate meters and individual central-air systems for each apartment, which can help simplify utility management for ownership. The layout includes a basement, and the home was built in 1925. With three move-in-ready units and updated mechanicals, the triplex is positioned for straightforward day-to-day management.
Buyers should independently verify all projected income, expenses, and utility information.
The property is fully electric, with separate meters and individual central-air systems for each apartment, which can help simplify utility management for ownership. The layout includes a basement, and the home was built in 1925. With three move-in-ready units and updated mechanicals, the triplex is positioned for straightforward day-to-day management.
Buyers should independently verify all projected income, expenses, and utility information.
Key Highlights
- Fully renovated three‑unit triplex with one‑bedroom on the first floor and two two‑bedroom units on the second and third floors
- Fully electric with separate meters and individual central‑air systems for each apartment
- Contemporary kitchens with shaker‑style cabinetry, quartz countertops, and stainless‑steel appliances
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 | $45.8k | $25.80 |
| − Vacancy | −$2.5k | −$1.42 |
| EGI | $43.3k | $24.38 |
| − OpEx | −$13.0k | −$7.31 |
| NOI | $30.3k | $17.06 |
1,775 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$432.7K
$378.6K – $504.8K
NOI $30,290 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$398.9K
$349.0K – $465.3K
NOI $27,920 @ 7.0% cap · market cap 5.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated triplex with a one-bedroom unit on the first floor and two two-bedroom units on the second and third floors.
Where is this triplex located?
The property is located at 1493 N 53RD Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Fully renovated three‑unit triplex with one‑bedroom on the first floor and two two‑bedroom units on the second and third floors; Fully electric with separate meters and individual central‑air systems for each apartment; Contemporary kitchens with shaker‑style cabinetry, quartz countertops, and stainless‑steel appliances
