Renovated 3-Unit
For Sale
Under Contract
$464,900
1493 N 53RD Street, Philadelphia, PA 19131
Multi-Family, PHILADELPHIA, PA
Property Size1,775 SF
Lot Size0.02 Acres
Price / SF$261.92
Days on Market84
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 Under Contract
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
Changed: Oct 21
Last Checked: Oct 23 at 4:06AM
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.
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Investment Insights
Based on property information with market context.
This renovated masonry triplex contains 1,775 square feet across three apartments: a one-bedroom unit on the first floor and two-bedroom units on the second and third floors. Interior updates include plank flooring, recessed lighting, contemporary kitchens with shaker cabinetry, quartz countertops and stainless-steel appliances, plus renovated bathrooms with tiled surrounds and modern fixtures. The building has forced-air heating, central air, and a basement. Each apartment has its own central-air system and separate electric meter.
Built in 1925, the property occupies a 0.0242-acre lot. The apartment configuration provides one one-bedroom unit and two two-bedroom units within the three-story building.
Built in 1925, the property occupies a 0.0242-acre lot. The apartment configuration provides one one-bedroom unit and two two-bedroom units within the three-story building.
Key Highlights
- Three apartments: one 1‑bedroom unit and two 2‑bedroom units
- 1,775 square feet on a 0.0242‑acre lot
- Separate electric meters and individual central‑air systems for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,290
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,800
$605.8K
Cap Rate 7%
$432,714
$432.7K
Cap Rate 9%
$336,556
$336.6K
Market Conditions
NOI Build-Up for 1,775 SF
Gross rent
$45.8K $25.80/SF
− Vacancy
−$2.5K −$1.42/SF
EGI
$43.3K $24.38/SF
− OpEx
−$13.0K −$7.31/SF
NOI
$30.3K $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%
$605,800
Cap Rate 7%
$432,714
Cap Rate 9%
$336,556
Alternative Uses
Best Use
Multifamily LT 5
$432.7K
$378.6K – $504.8K
NOI $30,290 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$398.9K
$349.0K – $465.3K
NOI $27,920 @ 7.0% cap · market cap 6.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Apartments have individual central-air systems and separate electric meters.
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 $464,900.
What are key features of this property?
This property features: Three apartments: one 1‑bedroom unit and two 2‑bedroom units; 1,775 square feet on a 0.0242‑acre lot; Separate electric meters and individual central‑air systems for each apartment
