Updated Porch-Front
For Sale
$535,000
188 GREEN LANE, Philadelphia, PA 19127
Occupied residential income property with refreshed kitchens, private decks, in-unit laundry, and convenient access to Main Street.
Property Size3,072 SF
Days on Market52
Property Features for 188 GREEN LANE
General Information
Standard status
Active
Size
3,072 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Neighborhood
Manayunk
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,862
Amenities
in-unit washers and dryers
private decks
fenced yard
porch
basement
Building Details
Building Size
3,072 SF
Year Built
1900
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach-Center City Walnut
Listed By:
Edward Anthony Pachell · License #RS350980
(215) 528-9713
Source:
Lizclarkrealestate
Added: Sep 11
Changed: Oct 31
Last Checked: Oct 30 at 11:04PM
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 BHHS Fox & Roach-Center City Walnut
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Investment Insights
Based on property information with market context.
This porch-front triplex contains three occupied units with a practical mix of two-bedroom and one-bedroom layouts. Each unit includes an updated kitchen, private outdoor space, and an in-unit washer and dryer. Composite decking has been installed, all three water heaters were replaced in 2026, and the top-floor apartment includes a recently updated bathroom.
The property also offers a large unfinished basement with private side access through locking Bilco doors, along with a fenced rear yard. Three parking spaces are currently rented nearby, but they are not deeded to the property or included in the sale. Main Street is nearby, with regional rail access and I-76 access around the corner.
The property also offers a large unfinished basement with private side access through locking Bilco doors, along with a fenced rear yard. Three parking spaces are currently rented nearby, but they are not deeded to the property or included in the sale. Main Street is nearby, with regional rail access and I-76 access around the corner.
Key Highlights
- Three occupied units with a two‑bedroom, two‑bedroom, and one‑bedroom configuration
- Updated kitchens in all three units, plus a refreshed top‑floor bathroom
- Private decks with durable composite decking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,321
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,420
$966.4K
Cap Rate 7%
$690,300
$690.3K
Cap Rate 9%
$536,900
$536.9K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$93.3K $30.36/SF
− Vacancy
−$5.4K −$1.76/SF
EGI
$87.9K $28.60/SF
− OpEx
−$39.5K −$12.87/SF
NOI
$48.3K $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%
$966,420
Cap Rate 7%
$690,300
Cap Rate 9%
$536,900
Alternative Uses
Best Use
Multifamily LT 5
$748.9K
$655.3K – $873.7K
NOI $52,423 @ 7.0% cap · market cap 9.80%
Second Best
Apartment 5plus
$690.3K
$604.0K – $805.4K
NOI $48,321 @ 7.0% cap · market cap 9.03%
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
Highway access
Location Intelligence
Trade Area within ½ mile
1,515
Businesses Nearby
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Business Placement
Demographics for 19127, PA
6,929
Population
3,496
Households
2
Avg Household Size
29
Median Age
77%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
11,548
Density / Sq Mi
$99,792
Median Household Income
$73,061
Median Earnings
$1,765
Median Rent
$298,900
Median Home Value
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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 - Occupied residential income property with refreshed kitchens, private decks, in-unit laundry, and convenient access to Main Street.
Where is this triplex located?
The property is located at 188 GREEN LANE Philadelphia, PA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Three occupied units with a two‑bedroom, two‑bedroom, and one‑bedroom configuration; Updated kitchens in all three units, plus a refreshed top‑floor bathroom; Private decks with durable composite decking
