South Philadelphia Triplex
1718 Snyder Avenue Philadelphia, PA 19145
For Sale
$449,999
Pending
Fully legal triplex with separate utilities, including two 2-bedroom units and a third-floor studio.
Property Size1,959 SF
Days on Market75
Property Features for 1718 Snyder Avenue
General Information
- Standard status
- Pending
- Size
- 1,959 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
KW Empower
(484) 836-8616
Listed By:
Jesse Vandeboe · License #RS344327
(484) 836-8616
Source:
Compass
Added: May 12
Changed: Jul 22
Last Checked: Jul 23 at 11:14AM
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
Investment Insights
Based on property information with market context.
This well-maintained South Philadelphia triplex offers three residential units, including two 2-bedroom, 1-bathroom apartments and a third-floor studio. The property is described as fully legal, with an active rental license and certifications reported as up to date. Each unit has its own utilities, supporting straightforward day-to-day operations for the next owner.
The owner has maintained the property since 2021, and the listing describes “solid bones” throughout. It is positioned for convenient access to public transit, Broad Street, the sports complex, and major routes in and out of the city.
Showings are by appointment with 24–48 hours’ notice depending on tenant availability.
The owner has maintained the property since 2021, and the listing describes “solid bones” throughout. It is positioned for convenient access to public transit, Broad Street, the sports complex, and major routes in and out of the city.
Showings are by appointment with 24–48 hours’ notice depending on tenant availability.
Key Highlights
- Fully legal triplex with active rental license and certifications up to date
- Unit mix includes two 2‑bedroom, 1‑bath units plus a third‑floor studio
- Each unit has its own utilities for simplified operations
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 | $50.5k | $25.80 |
| − Vacancy | −$2.8k | −$1.42 |
| EGI | $47.8k | $24.38 |
| − OpEx | −$14.3k | −$7.31 |
| NOI | $33.4k | $17.06 |
1,959 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$477.6K
$417.9K – $557.2K
NOI $33,430 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$440.2K
$385.2K – $513.6K
NOI $30,814 @ 7.0% cap · market cap 6.85%
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 - Fully legal triplex with separate utilities, including two 2-bedroom units and a third-floor studio.
Where is this triplex located?
The property is located at 1718 Snyder Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Fully legal triplex with active rental license and certifications up to date; Unit mix includes two 2‑bedroom, 1‑bath units plus a third‑floor studio; Each unit has its own utilities for simplified operations
