Three-Unit Apartment
For Sale
$589,000
1800 TITAN STREET, Philadelphia, PA 19146
Three residential units feature stainless steel appliances, private laundry, and varied bedroom layouts.
Property Size1,918 SF
Days on Market50
Property Features for 1800 TITAN STREET
General Information
Standard status
Active
Size
1,918 SF
Property subtype
Triplex
Site & Location
Neighborhood
South Philadelphia
Taxes and HOA fees
Annual Taxes
$6,569
Building Details
Building Size
1,918 SF
Year Built
1925
Listing Agency:
Re/Max One Realty
Listed By:
Ed S Pocrass · License #AB048890L
(215) 327-6399
Source:
Patmckennarealtors
Added: Sep 17
Changed: Oct 31
Last Checked: Nov 4 at 9:16PM
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 Re/Max One Realty
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Investment Insights
Based on property information with market context.
This three-unit residential property includes a two-bedroom first-floor apartment with access to a finished basement, a two-bedroom second-floor apartment, and a one-bedroom third-floor apartment with access to a rear deck. Each residence is equipped with stainless steel appliances, including a refrigerator, dishwasher, microwave, and garbage disposal, along with its own stack washer and dryer.
The building was constructed in 1925 and contains 1,918 square feet. The unit configuration provides two larger apartments and one one-bedroom apartment within the same multifamily asset.
The building was constructed in 1925 and contains 1,918 square feet. The unit configuration provides two larger apartments and one one-bedroom apartment within the same multifamily asset.
Key Highlights
- Three residential units: two 2‑bedroom apartments and one 1‑bedroom apartment
- 1,918 square feet in a building constructed in 1925
- First‑floor unit includes use of a finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,730
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,600
$654.6K
Cap Rate 7%
$467,571
$467.6K
Cap Rate 9%
$363,667
$363.7K
Market Conditions
NOI Build-Up for 1,918 SF
Gross rent
$49.5K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$46.8K $24.38/SF
− OpEx
−$14.0K −$7.31/SF
NOI
$32.7K $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%
$654,600
Cap Rate 7%
$467,571
Cap Rate 9%
$363,667
Alternative Uses
Best Use
Multifamily LT 5
$467.6K
$409.1K – $545.5K
NOI $32,730 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$431.0K
$377.1K – $502.8K
NOI $30,169 @ 7.0% cap · market cap 5.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,572
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature stainless steel appliances, private laundry, and varied bedroom layouts.
Where is this triplex located?
The property is located at 1800 TITAN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Three residential units: two 2‑bedroom apartments and one 1‑bedroom apartment; 1,918 square feet in a building constructed in 1925; First‑floor unit includes use of a finished basement
