Triplex with Quartz-Top
1538 N 18th Street, Philadelphia, PA 19121
For Sale
New
$589,999
Each apartment has three bedrooms, two full bathrooms, and access to shared basement laundry.
Property Size3,090 SF
Days on Market6
Property Features for 1538 N 18th Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
shared washer/dryer
Electric
Yes
No
Assessor
3
No Pool
Adjoins - Public Land,Backs - Open Common Area
Public
N50
22.00 x 100.00
0.05
On Street
Brick/Mortar,Concrete Perimeter,Block
113000.00
Building Details
Building Size
Year Built
Listing Agency:
Tesla Realty Group, LLC
(844) 837-5274
Listed By:
Vince S Yip · License PA RS284733
Source:
Moveritenow
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 10 at 4:13PM
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 Tesla Realty Group, LLC
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Investment Insights
Based on property information with market context.
Built in 1915, this RM1-zoned triplex contains three apartments. Each unit has three bedrooms and two full bathrooms. The kitchens have been updated with quartz countertops, and laminate flooring runs throughout the units. Laundry equipment is located in the basements and shared by residents.
The property is near Temple University, with access to public transportation. The three-unit configuration, apartment layouts, kitchen finishes, and shared laundry areas are key physical features of the building.
The property is near Temple University, with access to public transportation. The three-unit configuration, apartment layouts, kitchen finishes, and shared laundry areas are key physical features of the building.
Key Highlights
- Three apartments, each with 3 bedrooms and 2 full bathrooms
- Updated kitchens with quartz countertops
- Laminate flooring throughout the apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,731
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,620
$1.1M
Cap Rate 7%
$753,300
$753.3K
Cap Rate 9%
$585,900
$585.9K
Market Conditions
NOI Build-Up for 3,090 SF
Gross rent
$79.7K $25.80/SF
− Vacancy
−$4.4K −$1.42/SF
EGI
$75.3K $24.38/SF
− OpEx
−$22.6K −$7.31/SF
NOI
$52.7K $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%
$1,054,620
Cap Rate 7%
$753,300
Cap Rate 9%
$585,900
Alternative Uses
Best Use
Multifamily LT 5
$753.3K
$659.1K – $878.9K
NOI $52,731 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$694.3K
$607.6K – $810.1K
NOI $48,604 @ 7.0% cap · market cap 8.24%
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
Location Intelligence
Trade Area within ½ mile
3,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Market
Average Price Trend$/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 - Each apartment has three bedrooms, two full bathrooms, and access to shared basement laundry.
Where is this triplex located?
The property is located at 1538 N 18th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $589,999.
What are key features of this property?
This property features: Three apartments, each with 3 bedrooms and 2 full bathrooms; Updated kitchens with quartz countertops; Laminate flooring throughout the apartments
