Updated Triplex With Patio
For Sale
$585,000
1626 S 19TH ST, Philadelphia, PA 19145
Three-unit property with modernized kitchens, bathrooms, and a newly installed HVAC system.
Property Size2,376 SF
Price / SF$246.21
Days on Market65
Property Features for 1626 S 19TH ST
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
salvatore frank piccolo
(215) 416-1823
Source:
Imanirealtors
Added: Aug 11
Changed: Oct 13
Last Checked: Oct 12 at 7:44PM
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 KW Empower
Investment Insights
Based on property information with market context.
This three-unit triplex includes two residences on the first floor and a full-floor apartment above. The front first-floor unit offers two bedrooms and one bathroom and is occupied, while the rear unit has one bedroom and one bathroom and is vacant. The second-floor residence contains two bedrooms and one full bathroom and is also vacant, providing flexibility for an owner-occupant or a new tenant arrangement.
Each unit has updated kitchen and bathroom finishes, and the building is equipped with a newly installed HVAC system. The upper-level apartment also includes a private patio deck. The property is located at 1626 S 19th St in Philadelphia’s Point Breeze neighborhood of South Philly.
Each unit has updated kitchen and bathroom finishes, and the building is equipped with a newly installed HVAC system. The upper-level apartment also includes a private patio deck. The property is located at 1626 S 19th St in Philadelphia’s Point Breeze neighborhood of South Philly.
Key Highlights
- Three‑unit triplex with two first‑floor residences and one full‑floor second‑floor apartment
- Recently updated kitchens and bathrooms throughout the building
- Newly installed HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,546
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,920
$810.9K
Cap Rate 7%
$579,229
$579.2K
Cap Rate 9%
$450,511
$450.5K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$61.3K $25.80/SF
− Vacancy
−$3.4K −$1.42/SF
EGI
$57.9K $24.38/SF
− OpEx
−$17.4K −$7.31/SF
NOI
$40.5K $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%
$810,920
Cap Rate 7%
$579,229
Cap Rate 9%
$450,511
Alternative Uses
Best Use
Multifamily LT 5
$579.2K
$506.8K – $675.8K
NOI $40,546 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$533.9K
$467.2K – $622.9K
NOI $37,373 @ 7.0% cap · market cap 6.39%
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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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with modernized kitchens, bathrooms, and a newly installed HVAC system.
Where is this triplex located?
The property is located at 1626 S 19TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Three‑unit triplex with two first‑floor residences and one full‑floor second‑floor apartment; Recently updated kitchens and bathrooms throughout the building; Newly installed HVAC system
