3-Unit Triplex with Roof
For Sale
$1,200,000
1637 CARPENTER STREET, Philadelphia, PA 19146
All three residences have private outdoor areas, in-unit laundry, and individual floor plans.
Property Size3,460 SF
Price / SF$346.82
Days on Market144
Property Features for 1637 CARPENTER STREET
General Information
Standard status
Active
Size
3,460 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Neighborhood
South Philadelphia
Units
Unit Mix
2 x bi-level 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,126
Amenities
in unit laundry
generous storage
private outdoor spaces
shared roof deck with Center City skyline views
Building Details
Building Size
3,460 SF
Year Built
2009
Buildings
1
Tenancy
Multi
Listing Agency:
KW Empower
Listed By:
Michelle Ashley · License #RS275807
(215) 681-5039
Source:
Desantis-realestate
Added: Jun 9
Changed: Oct 28
Last Checked: Oct 28 at 1:36AM
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
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Investment Insights
Based on property information with market context.
This 3,460-square-foot residential triplex contains three occupied apartments. Two are two-level units with two bedrooms and two bathrooms each; the third has two bedrooms and one bathroom. Interior details include custom cabinetry, Porcelanosa tile, glass transoms, in-unit laundry, and storage. The residences also have private outdoor areas, and the shared roof deck was renovated in late 2025.
Built in 2009, the property is on Carpenter Street in Philadelphia’s Graduate Hospital neighborhood. Carpenter Green Park, Giant, Target, Sprouts, PetSmart, and neighborhood dining are nearby. The property also has proximity to Penn, Drexel, HUP, and CHOP.
Built in 2009, the property is on Carpenter Street in Philadelphia’s Graduate Hospital neighborhood. Carpenter Green Park, Giant, Target, Sprouts, PetSmart, and neighborhood dining are nearby. The property also has proximity to Penn, Drexel, HUP, and CHOP.
Key Highlights
- Three occupied apartments: two two‑level, 2‑bedroom, 2‑bath units and one 2‑bedroom, 1‑bath unit
- 3,460 square feet; built in 2009
- Shared roof deck renovated in late 2025, with Center City skyline views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,045
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,900
$1.2M
Cap Rate 7%
$843,500
$843.5K
Cap Rate 9%
$656,056
$656.1K
Market Conditions
NOI Build-Up for 3,460 SF
Gross rent
$89.3K $25.80/SF
− Vacancy
−$4.9K −$1.42/SF
EGI
$84.3K $24.38/SF
− OpEx
−$25.3K −$7.31/SF
NOI
$59.0K $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%
$1,180,900
Cap Rate 7%
$843,500
Cap Rate 9%
$656,056
Alternative Uses
Best Use
Multifamily LT 5
$843.5K
$738.1K – $984.1K
NOI $59,045 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$777.5K
$680.3K – $907.1K
NOI $54,424 @ 7.0% cap · market cap 4.54%
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?
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,636
Businesses Nearby
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Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
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
Frequently Asked Questions
What type of property is this?
Triplex - All three residences have private outdoor areas, in-unit laundry, and individual floor plans.
Where is this triplex located?
The property is located at 1637 CARPENTER STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three occupied apartments: two two‑level, 2‑bedroom, 2‑bath units and one 2‑bedroom, 1‑bath unit; 3,460 square feet; built in 2009; Shared roof deck renovated in late 2025, with Center City skyline views
