Licensed Three-Unit Masonry
For Sale
$425,000
1831 S 5TH Street, Philadelphia, PA 19148
Multi-Family, PHILADELPHIA, PA
Property Size2,475 SF
Lot Size0.02 Acres
Price / SF$171.72
Days on Market658
Property Features for 1831 S 5TH Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,475 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
5233
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Amenities
backyard
in-unit washer/dryer
Building Details
Year built
1915
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
RE/MAX Ready · RE/MAX International
(610) 828-6300
Listed By:
Ben Finelli · License #RS334157
(267) 853-8823
Added: Jan 12, 2025
Changed: Oct 8
Last Checked: Nov 1 at 2:06AM
MLS# PAPH2434530
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.
This three-story masonry building contains three two-bedroom, one-bathroom residential units and a backyard connected to a common easement. The first-floor residence has direct backyard access, while the third-floor unit includes an in-unit washer and dryer. The second-floor layout is not currently self-contained and may be reconfigured into two studio units, subject to applicable approvals.
The property is legally zoned as a three-unit building and has active rental licenses. Building systems include four gas meters, including one house meter, three water heaters, one forced-air furnace, and new 240 electrical service and heads. Window-unit cooling is present. The building is located in Dickinson Narrows, near East Passyunk, Moyamensing, and Pennsport, with access to nearby commercial corridors, residential development, and major infrastructure projects.
The property is legally zoned as a three-unit building and has active rental licenses. Building systems include four gas meters, including one house meter, three water heaters, one forced-air furnace, and new 240 electrical service and heads. Window-unit cooling is present. The building is located in Dickinson Narrows, near East Passyunk, Moyamensing, and Pennsport, with access to nearby commercial corridors, residential development, and major infrastructure projects.
Key Highlights
- Legally zoned three‑unit building with active rental licenses
- Three 2‑bedroom/1‑bathroom units across a 3‑story structure
- 2,475 Square Feet building on a 0.0243‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,931
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,620
$778.6K
Cap Rate 7%
$556,157
$556.2K
Cap Rate 9%
$432,567
$432.6K
Market Conditions
NOI Build-Up for 2,475 SF
Gross rent
$75.1K $30.36/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$70.8K $28.60/SF
− OpEx
−$31.9K −$12.87/SF
NOI
$38.9K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,620
Cap Rate 7%
$556,157
Cap Rate 9%
$432,567
Alternative Uses
Best Use
Multifamily LT 5
$603.4K
$528.0K – $703.9K
NOI $42,236 @ 7.0% cap · market cap 9.94%
Second Best
Apartment 5plus
$556.2K
$486.6K – $648.9K
NOI $38,931 @ 7.0% cap · market cap 9.16%
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?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,289
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - South Philadelphia property with three residential units, backyard access, and active rental licenses.
Where is this triplex located?
The property is located at 1831 S 5TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Legally zoned three‑unit building with active rental licenses; Three 2‑bedroom/1‑bathroom units across a 3‑story structure; 2,475 Square Feet building on a 0.0243‑acre lot
