Turnkey Triplex Income
1906 Ingersoll Street Philadelphia, PA 19121
For Sale
$735,000
Turnkey triplex plus additional nearby buildings totaling 16 units.
Property Size2,709 SF
Price / SF$271.32
Days on Market184
Property Features for 1906 Ingersoll Street
General Information
- Standard status
- Active
- Size
- 2,709 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2017
Listing Agency:
KW Empower
(267) 813-2985
Listed By:
Richard K Cassell · License #RS330536
(267) 813-2985
Source:
Compass
Added: Jan 21
Changed: Jul 21
Last Checked: Jul 23 at 9:06AM
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
Investment Insights
Based on property information with market context.
This offering features a turnkey triplex along with additional multi-family buildings available as a package or individually. The assemblage includes 1906-10 Ingersoll, 1321 N 19th, and 1316 N 18th, with five buildings located within blocks. Across the buildings, the unit mix is described as studios through 3-bedroom layouts.
The property is presented as relatively newer development multi-family construction in the Francisville development zone. Remaining abatements are noted as 2–7 years, and the tenant mix is listed as voucher and market rate.
As presented in the offering materials, the buildings are positioned to provide cash flow with a continuing income stream supported by the stated tenant mix and remaining abatements.
The property is presented as relatively newer development multi-family construction in the Francisville development zone. Remaining abatements are noted as 2–7 years, and the tenant mix is listed as voucher and market rate.
As presented in the offering materials, the buildings are positioned to provide cash flow with a continuing income stream supported by the stated tenant mix and remaining abatements.
Key Highlights
- Package includes 3‑unit triplex plus additional nearby buildings totaling 16 units
- Addresses included: 1906‑10 Ingersoll, 1321 N 19th, and 1316 N 18th (5 buildings within blocks)
- Year built: 2017
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 | $69.9k | $25.80 |
| − Vacancy | −$3.9k | −$1.42 |
| EGI | $66.0k | $24.38 |
| − OpEx | −$19.8k | −$7.31 |
| NOI | $46.2k | $17.06 |
2,709 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$660.4K
$577.9K – $770.5K
NOI $46,229 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$608.7K
$532.6K – $710.2K
NOI $42,611 @ 7.0% cap · market cap 5.80%
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
FAQs
What type of property is this?
Triplex - Turnkey triplex plus additional nearby buildings totaling 16 units.
Where is this triplex located?
The property is located at 1906 Ingersoll Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Package includes 3‑unit triplex plus additional nearby buildings totaling 16 units; Addresses included: 1906‑10 Ingersoll, 1321 N 19th, and 1316 N 18th (5 buildings within blocks); Year built: 2017
