Redbrick Triplex Near
1701 West Jefferson Street Philadelphia, PA 19121
For Sale
$645,000
Three-unit redbrick triplex offering over 3,000 SF of multi-level residential income space.
Property Size3,081 SF
Price / SF$209.35
Days on Market449
Property Features for 1701 West Jefferson Street
General Information
- Standard status
- Active
- Size
- 3,081 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency:
Keller Williams Liberty Place
(610) 606-1095
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Compass
Added: May 3, 2025
Changed: Jul 20
Last Checked: Jul 24 at 12:10PM
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 Keller Williams Liberty Place
Investment Insights
Based on property information with market context.
1701 West Jefferson Street is a three-unit redbrick triplex with multi-level apartments and over 3,000 SF of rentable space. The building is presented as a turnkey investment opportunity, with 12 beds included across the three units.
The property is described as being just off main campus at Temple University in Philadelphia, with the remarks referencing the North Broad campus area.
1701 West Jefferson may be purchased on its own or as part of the Temple University Spring Semester Portfolio (TUSSP), which is noted to include a total of six buildings and 18 units (64 beds) across multiple additional properties.
The property is described as being just off main campus at Temple University in Philadelphia, with the remarks referencing the North Broad campus area.
1701 West Jefferson may be purchased on its own or as part of the Temple University Spring Semester Portfolio (TUSSP), which is noted to include a total of six buildings and 18 units (64 beds) across multiple additional properties.
Key Highlights
- 3‑unit redbrick triplex built in 1915
- Over 3,000 SF of multi‑level residential income space
- Includes 12 beds across the three units
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 | $79.5k | $25.80 |
| − Vacancy | −$4.4k | −$1.42 |
| EGI | $75.1k | $24.38 |
| − OpEx | −$22.5k | −$7.31 |
| NOI | $52.6k | $17.06 |
3,081 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$751.1K
$657.2K – $876.3K
NOI $52,577 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$692.3K
$605.8K – $807.7K
NOI $48,463 @ 7.0% cap · market cap 7.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit redbrick triplex offering over 3,000 SF of multi-level residential income space.
Where is this triplex located?
The property is located at 1701 West Jefferson Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 3‑unit redbrick triplex built in 1915; Over 3,000 SF of multi‑level residential income space; Includes 12 beds across the three units
