Turnkey Triplex with Dedicated
1633 GERMANTOWN AVENUE Philadelphia, PA 19122
For Sale
$840,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,339 SF
Price / SF$359.13
Days on Market37
Property Features for 1633 GERMANTOWN AVENUE
General Information
Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Size
2,339 SF
Building Details
Year built
1915
Listing Agency:
BHHS Fox & Roach Center City-Society Hill
(215) 627-6005
Listed By:
Kevin Wilkins
(267) 251-0405
Added: Jun 24
Changed: Jul 23
Last Checked: Jul 30 at 10:06AM
MLS# PAPH2637066
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated triplex features three updated 2-bedroom, 1-bath residences, each occupying an entire floor. The units are equipped with modern finishes including open-concept living and dining areas, hardwood flooring, recessed lighting, oversized windows, and contemporary kitchens with stainless steel appliances. Bedrooms are sized for comfortable living and include generous closet space. The top-floor home also includes soaring vaulted ceilings.
Located in Olde Kensington along the Germantown Avenue corridor, the property is positioned in a growing redevelopment area surrounded by new construction, townhomes, and additional multifamily and commercial activity.
Ownership is designed for straightforward operations, with each apartment having its own dedicated HVAC system featuring central air and gas heat. Utilities are separately metered, with the exception of water, supporting easier unit-by-unit expense management.
Located in Olde Kensington along the Germantown Avenue corridor, the property is positioned in a growing redevelopment area surrounded by new construction, townhomes, and additional multifamily and commercial activity.
Ownership is designed for straightforward operations, with each apartment having its own dedicated HVAC system featuring central air and gas heat. Utilities are separately metered, with the exception of water, supporting easier unit-by-unit expense management.
Key Highlights
- Fully renovated triplex at 1633 Germantown Avenue (built 1915) in Olde Kensington along the Germantown Avenue corridor
- Three apartments, each a 2‑bedroom/1‑bath with its own entire‑floor layout
- Renovations include open‑concept living/dining, hardwood floors, recessed lighting, oversized windows, and contemporary kitchens with stainless steel appliances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.3k | $25.80 |
| − Vacancy | −$3.3k | −$1.42 |
| EGI | $57.0k | $24.38 |
| − OpEx | −$17.1k | −$7.31 |
| NOI | $39.9k | $17.06 |
2,339 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$570.2K
$498.9K – $665.3K
NOI $39,915 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$525.6K
$459.9K – $613.2K
NOI $36,791 @ 7.0% cap · market cap 4.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated triplex with three 2-bedroom, 1-bath residences, each with its own dedicated HVAC system.
Where is this triplex located?
The property is located at 1633 GERMANTOWN AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: Fully renovated triplex at 1633 Germantown Avenue (built 1915) in Olde Kensington along the Germantown Avenue corridor; Three apartments, each a 2‑bedroom/1‑bath with its own entire‑floor layout; Renovations include open‑concept living/dining, hardwood floors, recessed lighting, oversized windows, and contemporary kitchens with stainless steel appliances
