End-of-Row Triplex with
For Sale
$600,000
1528 West Porter Street, Philadelphia, PA 19145
Three fully occupied units with recent kitchen, bathroom, and flooring updates plus separate utilities.
Property Size2,561 SF
Price / SF$234.28
Days on Market71
Property Features for 1528 West Porter Street
General Information
Standard status
Active
Size
2,561 SF
Property subtype
Multi-Family / Fee Simple
Occupancy
100%
Additional Details
Sprinkler System
Yes
Multifamily Units
3
Building Details
Year Built
1920
Stories
3
Tenancy
Multi
Listing Agency:
Philly Real Estate
(215) 888-8310
Listed By:
Emily L Chan · License #RS300470
(215) 888-8310
Source:
Compass
Added: May 22
Changed: Jul 10
Last Checked: Jul 30 at 11:49AM
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
Investment Insights
Based on property information with market context.
This end-of-the-row triplex includes three residential units with a mix of 1-bedroom layouts on the first floor and a larger bi-level apartment spanning the second and third floors. The first-floor front unit offers 1 bedroom and 1.5 bathrooms, while the first-floor rear unit provides 1 bedroom and 1 bathroom. The bi-level unit has 3 bedrooms and 2 full bathrooms and is the only unit with central air. Across all units, the property has been updated with brand new cabinets, brand new granite countertops, new paint, new flooring, and newly tiled bathrooms. Additional building features include a sprinkler system and recessed LED lighting, with separate utilities.
The property is located in South Philadelphia within the Philadelphia City School District (MLS area 19145).
The triplex is fully occupied and currently rented, with the first-floor front unit rented at $1,100 per month, the first-floor rear unit rented at $875 per month, and the bi-level unit rented at $2,075 per month. With multiple unit configurations and recent interior improvements, it can fit buyers seeking a straightforward, income-producing residential rental property with three separate utility setups.
The property is located in South Philadelphia within the Philadelphia City School District (MLS area 19145).
The triplex is fully occupied and currently rented, with the first-floor front unit rented at $1,100 per month, the first-floor rear unit rented at $875 per month, and the bi-level unit rented at $2,075 per month. With multiple unit configurations and recent interior improvements, it can fit buyers seeking a straightforward, income-producing residential rental property with three separate utility setups.
Key Highlights
- End‑of‑row triplex with 3 total units in South Philadelphia, all units fully occupied
- Recent unit upgrades across all units: brand new cabinets, granite countertops, new paint, new flooring, and tiled bathrooms
- First‑floor front unit: 1‑bedroom, 1.5‑bathroom with central air; rented for $1,100/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 | $66.1k | $25.80 |
| − Vacancy | −$3.6k | −$1.42 |
| EGI | $62.4k | $24.38 |
| − OpEx | −$18.7k | −$7.31 |
| NOI | $43.7k | $17.06 |
2,561 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$624.3K
$546.3K – $728.4K
NOI $43,703 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$575.5K
$503.5K – $671.4K
NOI $40,283 @ 7.0% cap · market cap 6.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
756
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
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 - Three fully occupied units with recent kitchen, bathroom, and flooring updates plus separate utilities.
Where is this triplex located?
The property is located at 1528 West Porter Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: End‑of‑row triplex with 3 total units in South Philadelphia, all units fully occupied; Recent unit upgrades across all units: brand new cabinets, granite countertops, new paint, new flooring, and tiled bathrooms; First‑floor front unit: 1‑bedroom, 1.5‑bathroom with central air; rented for $1,100/month
