Updated-Interior
1528 W Porter Street, Philadelphia, PA 19145
For Sale
New
$580,000
All three apartments are occupied, with separate utilities serving each unit.
Property Size2,561 SF
Days on Market3
Property Features for 1528 W Porter Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Sprinkler System
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Fully Finished
Electric
Yes
No
Estimated
1
No Pool
Public
17.00 x 60.00
0.02
Assessor
Concrete Perimeter
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Philly Real Estate
(215) 888-8310
Listed By:
Emily L Chan · License PA RS300470
(215) 465-9200
Source:
Smartwayamerica
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 9 at 2:05PM
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 Philly Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This South Philadelphia triplex contains three apartments across a 2,561-square-foot building. The first-floor front unit has one bedroom and one-and-a-half bathrooms; the rear first-floor apartment has one bedroom and one bathroom. A bi-level apartment spanning the second and third floors includes three bedrooms and two full bathrooms. Recent interior work includes replacement cabinets, granite countertops, paint, flooring, and tiled bathrooms. The building also has a sprinkler system and recessed LED lighting.
Central air is installed in the bi-level apartment only. The three units are fully occupied, and each has separate utilities.
Central air is installed in the bi-level apartment only. The three units are fully occupied, and each has separate utilities.
Key Highlights
- Three occupied apartments in a 2,561‑square‑foot triplex
- Front first‑floor apartment: 1 bedroom and 1 1/2 bathrooms
- Rear first‑floor apartment: 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,703
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,060
$874.1K
Cap Rate 7%
$624,329
$624.3K
Cap Rate 9%
$485,589
$485.6K
Market Conditions
NOI Build-Up for 2,561 SF
Gross rent
$66.1K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$62.4K $24.38/SF
− OpEx
−$18.7K −$7.31/SF
NOI
$43.7K $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%
$874,060
Cap Rate 7%
$624,329
Cap Rate 9%
$485,589
Alternative Uses
Best Use
Multifamily LT 5
$624.3K
$546.3K – $728.4K
NOI $43,703 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$575.5K
$503.5K – $671.4K
NOI $40,283 @ 7.0% cap · market cap 6.95%
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?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,976
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Philadelphia, PA
Properties on Market for Triplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are occupied, with separate utilities serving each unit.
Where is this triplex located?
The property is located at 1528 W Porter Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Three occupied apartments in a 2,561‑square‑foot triplex; Front first‑floor apartment: 1 bedroom and 1 1/2 bathrooms; Rear first‑floor apartment: 1 bedroom and 1 bathroom
