Three-Unit Multifamily
For Sale
$720,000
1604 N WILLINGTON STREET, Philadelphia, PA 19121
Three occupied apartments offer a combined 14 bedrooms and private laundry in each residence.
Property Size3,592 SF
Price / SF$200.45
Days on Market8
Property Features for 1604 N WILLINGTON STREET
General Information
Standard status
Active
Size
3,592 SF
Property subtype
Triplex
Occupancy
100%
Financials
Cap Rate
7.87%
Gross Income
$76,068
Site & Location
Neighborhood
North Philadelphia
Units
Unit Mix
1 x 5BR/3BA, 1 x 3BR/2BA, 1 x 6BR/4BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Amenities
in-unit washer/dryer
individual water heater
central heat and air conditioning
keypad entry
security cameras
Building Details
Year Built
2016
Buildings
1
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Michael Coleman
(484) 942-6266
Source:
Cummingsrealtors
Added: Oct 23
Changed: Oct 29
Last Checked: Oct 28 at 8:18AM
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 Keller Williams Realty Devon-Wayne
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Investment Insights
Based on property information with market context.
This 3,592-square-foot triplex in Philadelphia contains three occupied apartments with a total of 14 bedrooms and nine full bathrooms. The unit mix comprises one five-bedroom, three-bathroom apartment, one three-bedroom, two-bathroom apartment, and one six-bedroom, four-bathroom apartment. Each residence has an in-unit washer and dryer, an individual water heater, and a dedicated electric HVAC system providing central heat and air conditioning. Keypad entry and security cameras are also installed.
Showings require at least 24 hours’ advance notice to accommodate the occupied apartments.
Showings require at least 24 hours’ advance notice to accommodate the occupied apartments.
Key Highlights
- Three occupied apartments with 14 bedrooms and nine full bathrooms
- 3,592 square feet
- Unit mix: one 5‑bedroom/3‑bathroom, one 3‑bedroom/2‑bathroom, and one 6‑bedroom/4‑bathroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,297
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,225,940
$1.2M
Cap Rate 7%
$875,671
$875.7K
Cap Rate 9%
$681,078
$681.1K
Market Conditions
NOI Build-Up for 3,592 SF
Gross rent
$92.7K $25.80/SF
− Vacancy
−$5.1K −$1.42/SF
EGI
$87.6K $24.38/SF
− OpEx
−$26.3K −$7.31/SF
NOI
$61.3K $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%
$1,225,940
Cap Rate 7%
$875,671
Cap Rate 9%
$681,078
Alternative Uses
Best Use
Multifamily LT 5
$875.7K
$766.2K – $1.02M
NOI $61,297 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$807.1K
$706.3K – $941.7K
NOI $56,500 @ 7.0% cap · market cap 7.85%
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
Location Intelligence
Trade Area within ½ mile
2,243
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied apartments offer a combined 14 bedrooms and private laundry in each residence.
Where is this triplex located?
The property is located at 1604 N WILLINGTON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Three occupied apartments with 14 bedrooms and nine full bathrooms; 3,592 square feet; Unit mix: one 5‑bedroom/3‑bathroom, one 3‑bedroom/2‑bathroom, and one 6‑bedroom/4‑bathroom apartment
