Two Fully Leased
1802 East Huntingdon Street Philadelphia, PA 19125
1802 East Huntingdon Street, Philadelphia, PA, 19125
$599,900
For Sale
$599,900
For sale: two fully occupied triplex buildings with multiple 2-bedroom apartments and in-unit laundry.
Property Size2,658 SF
Price / SF$225.70
Days on Market23
Property Features for 1802 East Huntingdon Street
General Information
- Standard status
- Active
- Size
- 2,658 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2017
Listing agency
JG Real Estate LLC
(215) 467-4100
Listed by
Ariel L Morgenstein · License #AB067988
(215) 467-4100
Source
Compass
Added: Jul 1 Updated: Jul 21 at 5:19PM Checked: Jul 22 at 10:40AM
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 JG Real Estate LLC
Investment Insights
Based on property information with market context.
For sale as an investor-focused package: two fully occupied triplex buildings at 1802 and 1804 E Huntingdon Street, Philadelphia, offering a total of six 2-bedroom units. 1802 E Huntingdon Street provides three 2-bedroom, apartment homes, including a first-floor unit with an open-concept layout and hardwood floors, plus a finished lower level with tile flooring, a second full bathroom, stacked washer/dryer, and access to a private outdoor patio. The second- and third-floor units each feature central A/C, in-unit laundry, and private balconies.
The 1802 building’s kitchens include stainless steel appliances and granite countertops, with recessed lighting and tiled backsplashes referenced throughout the units. The first-floor bathroom is described as a full bath with sleek finishes, while the upper units include fully tiled bathrooms with walk-in shower components.
The property’s remarks also note video surveillance in entryways. The second triplex at 1804 E Huntingdon Street is described as fully occupied, supporting the overall rental-income intent of this offering.
The 1802 building’s kitchens include stainless steel appliances and granite countertops, with recessed lighting and tiled backsplashes referenced throughout the units. The first-floor bathroom is described as a full bath with sleek finishes, while the upper units include fully tiled bathrooms with walk-in shower components.
The property’s remarks also note video surveillance in entryways. The second triplex at 1804 E Huntingdon Street is described as fully occupied, supporting the overall rental-income intent of this offering.
Key Highlights
- Two fully occupied triplex buildings at 1802 and 1804 E Huntingdon St, each with three 2‑bedroom apartments
- Year built: 2017 triplexes with modern in‑unit features and central A/C
- In‑unit laundry in every apartment, including stacked washer/dryer
Local 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 | $68.6k | $25.80 |
| − Vacancy | −$3.8k | −$1.42 |
| EGI | $64.8k | $24.38 |
| − OpEx | −$19.4k | −$7.31 |
| NOI | $45.4k | $17.06 |
2,658 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$648.0K
$567.0K – $756.0K
NOI $45,358 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$597.3K
$522.6K – $696.8K
NOI $41,809 @ 7.0% cap · market cap 6.97%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - For sale: two fully occupied triplex buildings with multiple 2-bedroom apartments and in-unit laundry.
Where is this triplex located?
The property is located at 1802 East Huntingdon Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two fully occupied triplex buildings at 1802 and 1804 E Huntingdon St, each with three 2‑bedroom apartments; Year built: 2017 triplexes with modern in‑unit features and central A/C; In‑unit laundry in every apartment, including stacked washer/dryer
