Vacant
For Sale
$600,000
1842 N 17TH STREET, Philadelphia, PA 19121
All three residences are unoccupied, providing control of the complete building from the outset.
Property Size3,393 SF
Days on Market68
Property Features for 1842 N 17TH STREET
General Information
Standard status
Active
Size
3,393 SF
Property subtype
Triplex
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Units
Unit Mix
1 x 5BR/2BA, 1 x 4BR/3BA, 1 x 3BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,309
Building Details
Building Size
3,393 SF
Year Built
2014
Buildings
1
Listing Agency:
KW Empower
Listed By:
Asa Kurland · License #RS349157
(267) 388-1114
Source:
Patmckennarealtors
Added: Aug 18
Changed: Oct 21
Last Checked: Oct 23 at 3:45PM
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
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Investment Insights
Based on property information with market context.
Built in 2014, this three-unit residential property is currently vacant and offers a defined mix of layouts. Unit 1 contains 5 bedrooms and 2 baths, Unit 2 includes 4 bedrooms and 3 baths, and Unit 3 provides 3 bedrooms and 2 baths. The configuration gives the next owner control of all residences without existing occupants in place.
The property is near Temple University and has access to public transportation, major roadways, and neighborhood amenities. Its location in Philadelphia and three distinct unit layouts provide a straightforward multifamily format for an owner evaluating residential rental or occupancy plans.
The property is near Temple University and has access to public transportation, major roadways, and neighborhood amenities. Its location in Philadelphia and three distinct unit layouts provide a straightforward multifamily format for an owner evaluating residential rental or occupancy plans.
Key Highlights
- Three‑unit property, built in 2014, with all residences currently vacant
- Unit 1 includes 5 bedrooms and 2 baths
- Unit 2 includes 4 bedrooms and 3 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,370
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,400
$1.1M
Cap Rate 7%
$762,429
$762.4K
Cap Rate 9%
$593,000
$593.0K
Market Conditions
NOI Build-Up for 3,393 SF
Gross rent
$103.0K $30.36/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$97.0K $28.60/SF
− OpEx
−$43.7K −$12.87/SF
NOI
$53.4K $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%
$1,067,400
Cap Rate 7%
$762,429
Cap Rate 9%
$593,000
Alternative Uses
Best Use
Multifamily LT 5
$827.2K
$723.8K – $965.0K
NOI $57,901 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$762.4K
$667.1K – $889.5K
NOI $53,370 @ 7.0% cap · market cap 8.90%
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
Location Intelligence
Trade Area within ½ mile
2,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
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 - All three residences are unoccupied, providing control of the complete building from the outset.
Where is this triplex located?
The property is located at 1842 N 17TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Three‑unit property, built in 2014, with all residences currently vacant; Unit 1 includes 5 bedrooms and 2 baths; Unit 2 includes 4 bedrooms and 3 baths
