3-Unit
New
For Sale
$395,000
1511 N 54TH STREET N, Philadelphia, PA 19131
The residential layout includes two one-bedroom units and one two-bedroom unit.
Property Size1,900 SF
Price / SF$207.89
Days on Market7
Property Features for 1511 N 54TH STREET N
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Triplex
Units
Unit Mix
2 x 1BR, 1 x 2BR
Multifamily Units
3
Additional Details
Asking Price
$395,000
Building Details
Year Built
1925
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Arica Miller · License #RS351297
(347) 586-3154
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 20 at 10:02PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This Philadelphia triplex contains three residential units: two with one bedroom and one with two bedrooms. Built in 1925, the property offers a defined three-unit configuration for residential use.
Key Highlights
- Three residential units
- Unit mix of two 1‑bedroom units and one 2‑bedroom unit
- Built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,423
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,460
$648.5K
Cap Rate 7%
$463,186
$463.2K
Cap Rate 9%
$360,256
$360.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$49.0K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$46.3K $24.38/SF
− OpEx
−$13.9K −$7.31/SF
NOI
$32.4K $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%
$648,460
Cap Rate 7%
$463,186
Cap Rate 9%
$360,256
Alternative Uses
Best Use
Multifamily LT 5
$463.2K
$405.3K – $540.4K
NOI $32,423 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$426.9K
$373.6K – $498.1K
NOI $29,886 @ 7.0% cap · market cap 7.57%
Theoretical Best
—
—
same as Best Use
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
1,162
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 - The residential layout includes two one-bedroom units and one two-bedroom unit.
Where is this triplex located?
The property is located at 1511 N 54TH STREET N Philadelphia, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three residential units; Unit mix of two 1‑bedroom units and one 2‑bedroom unit; Built in 1925
