1528 West Porter Street Philadelphia, PA 19145
Three fully occupied units with recent kitchen, bathroom, and flooring updates plus separate utilities.
Property Features for 1528 West Porter Street
General Information
- Standard status
- Active
- Size
- 2,561 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing office Philly Real Estate (215) 888-8310
Listing date May 22, 2026
Source Compass
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Investment Insights
Based on property information with market context.
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
Local 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 |
