3-Unit Triplex with Roof
For Sale
$1,200,000
1637 CARPENTER Street, Philadelphia, PA 19146
Multi-Family, PHILADELPHIA, PA
Property Size3,460 SF
Lot Size0.03 Acres
Price / SF$346.82
Days on Market144
Property Features for 1637 CARPENTER Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Interior features
Bathroom - Stall Shower, Ceiling Fan(s), Kitchen - Eat-In, Recessed Lighting, Skylight(s), Bathroom - Soaking Tub, Intercom
Appliances
Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer
Subdivision
GRADUATE HOSPITAL
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,460 SF
Lot size
0.03 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
9126
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
in unit laundry
generous storage
private outdoor spaces
shared roof deck
Building Details
Year built
2009
Number of units
3
Building materials
Masonry
Architectural style
Other
Buildings
1
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
Listed By:
Michelle Ashley · License #RS275807
(610) 520-0100
Added: Jun 9
Changed: Oct 27
Last Checked: Oct 30 at 4:06AM
MLS# PAPH2630414
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.
Built in 2009, this 3,460-square-foot masonry triplex contains three occupied apartments on a 0.0294-acre lot. Two residences have bi-level layouts with two bedrooms and two bathrooms each; the third has two bedrooms and one bathroom. Interior features include custom cabinetry, Porcelanosa tile, glass transoms, and in-unit laundry. The apartments also have private outdoor areas, while residents share a roof deck renovated in late 2025, with views of the Center City skyline.
Graduate Hospital amenities include Carpenter Green Park, Giant, Target, Sprouts, PetSmart, and neighborhood dining. Penn, Drexel, HUP, and CHOP are also nearby. Heating and cooling are central, and appliances include a washer, dryer, dishwasher, and gas oven/range.
Graduate Hospital amenities include Carpenter Green Park, Giant, Target, Sprouts, PetSmart, and neighborhood dining. Penn, Drexel, HUP, and CHOP are also nearby. Heating and cooling are central, and appliances include a washer, dryer, dishwasher, and gas oven/range.
Key Highlights
- Three occupied apartments in a 3,460‑square‑foot building
- Unit mix: two bi‑level 2‑bedroom, 2‑bath apartments and one 2‑bedroom, 1‑bath apartment
- 0.0294‑acre lot; masonry construction; built in 2009
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 - Two-bedroom apartments offer private outdoor areas, in-unit laundry, and storage.
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 in a 3,460‑square‑foot building; Unit mix: two bi‑level 2‑bedroom, 2‑bath apartments and one 2‑bedroom, 1‑bath apartment; 0.0294‑acre lot; masonry construction; built in 2009
