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Licensed Three-Unit Triplex
New
For Sale
$354,900

1627 N 56TH STREET, Philadelphia, PA 19131

Three residential two-bedroom apartments include laundry machines and an updated fire alarm system.

Property Size2,226 SF
Days on Market3

Property Features for 1627 N 56TH STREET

General Information

Standard status Active
Size 2,226 SF
Property subtype Triplex

Units

Unit Mix 3 x 2BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,047

Amenities

laundry machines

Building Details

Building Size 2,226 SF
Year Built 1915
Listing Agency: Tesla Realty Group, LLC
Listed By: Kinny Peterkin · License #rs352405
Source: Patmckennarealtors
Added: Sep 3 Changed: Sep 4 Last Checked: Sep 5 at 8:06AM

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

Investment Insights

Based on property information with market context.

This Philadelphia triplex contains three residential apartments, each configured with two bedrooms. The property has current rental licenses, on-site laundry machines, and an updated fire alarm system. The second-floor apartment has recently been vacated, providing an available unit within the existing layout.

Constructed in 1915, the property is located at 1627 N 56th Street in Philadelphia’s Overbrook Park. The sale is offered on an as-is, where-is basis, with inspections intended for informational purposes. Existing leases are available upon request.

Key Highlights

  • Three residential apartments, each with 2 bedrooms
  • Current rental licenses in place
  • Second‑floor apartment recently vacated

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Cafe & Coffee Shop Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,261
Businesses Nearby

Demographics for 19131, PA

42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential two-bedroom apartments include laundry machines and an updated fire alarm system.
Where is this triplex located?
The property is located at 1627 N 56TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: Three residential apartments, each with 2 bedrooms; Current rental licenses in place; Second‑floor apartment recently vacated
More about this property
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