Corner Triplex with Renovated
1540 N 18th Street, Philadelphia, PA 19121
For Sale
New
$619,000
Units offer either a three-bedroom configuration or a two-bedroom plan with a living room.
Property Size3,090 SF
Days on Market6
Property Features for 1540 N 18th Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Electric
Yes
No
Assessor
3
No Pool
Public
U50
22.00 x 100.00
0.05
Estimated
On Street
Concrete Perimeter,Brick/Mortar
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:
Mullenrealty
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 10 at 12:24PM
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.
This corner triplex, built in 1915, has three residential units. Each unit may be arranged as a three-bedroom residence or as a two-bedroom layout with a living room. The kitchens have been renovated with quartz countertops, and hardwood flooring runs throughout the units. The property is zoned RM1.
Temple University is nearby, and public transportation is accessible. The triplex may also be purchased as part of a package with 1934 N 18th St and 1938 N 18th St.
Temple University is nearby, and public transportation is accessible. The triplex may also be purchased as part of a package with 1934 N 18th St and 1938 N 18th St.
Key Highlights
- Corner triplex with three residential units
- Kitchens renovated with quartz countertops
- Hardwood flooring throughout all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,731
Cap Rate
8.52%
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 8.52%
Second Best
Apartment 5plus
$694.3K
$607.6K – $810.1K
NOI $48,604 @ 7.0% cap · market cap 7.85%
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
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 - Units offer either a three-bedroom configuration or a two-bedroom plan with a living room.
Where is this triplex located?
The property is located at 1540 N 18th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Corner triplex with three residential units; Kitchens renovated with quartz countertops; Hardwood flooring throughout all units
