Three-Unit Multifamily
New
For Sale
$720,000
1604 N WILLINGTON Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size3,592 SF
Lot Size0.03 Acres
Price / SF$200.45
Days on Market1
Property Features for 1604 N WILLINGTON Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Appliances
Dishwasher, Washer, Dryer
Subdivision
TEMPLE UNIVERSITY
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,592 SF
Lot size
0.03 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
7782
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
in-unit washer/dryer
central heat and air conditioning
keypad entry
security cameras
Building Details
Year built
2016
Number of units
3
Building materials
Masonry
Architectural style
Contemporary
Buildings
1
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Michael Coleman
(484) 942-6266
Added: Oct 23
Last Checked: Oct 23 at 10:06PM
MLS# PAPH2678078
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This masonry multifamily property contains three occupied apartments with a combined 14 bedrooms and nine full bathrooms. The unit mix includes residences with five, three, and six bedrooms. Each apartment has a washer and dryer, an individual water heater, and its own central heating and air-conditioning system. Keypad entry and security cameras are also part of the building.
Key Highlights
- Three apartments with 14 bedrooms and nine full bathrooms
- Unit mix: one five‑bedroom, three‑bathroom apartment; one three‑bedroom, two‑bathroom apartment; and one six‑bedroom, four‑bathroom apartment
- 3,592 square feet on a 0.0273‑acre lot
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
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied residences offer a combined 14 bedrooms and individual laundry, heating, and cooling systems.
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 apartments with 14 bedrooms and nine full bathrooms; Unit mix: one five‑bedroom, three‑bathroom apartment; one three‑bedroom, two‑bathroom apartment; and one six‑bedroom, four‑bathroom apartment; 3,592 square feet on a 0.0273‑acre lot
