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Remodeled Triplex with Bi-Level Unit
For Sale
$360,000

1945 Nicholas St, Philadelphia, PA 19121

Three one-bedroom apartments offer central air, laundry in two units, and distinct private-access features.

Property Size2,222 SF
Price / SF$162.02
Days on Market49

Property Features for 1945 Nicholas St

General Information

Standard status Active
Size 2,222 SF
Property subtype Multi-Family

Units

Unit Mix 3 x 1BR/1BA
Multifamily Units 3

Additional Details

Gross Income $34,416

Amenities

central air
laundry
basement access
rear yard access

Building Details

Year Built 1915
Year Renovated 2013
Buildings 1
Listing Agency: Keller Williams Real Estate
Listed By: Brittany Nettles · License #RS337439
Source: Upgradebymichaud
Added: Jul 13 Changed: Aug 29 Last Checked: Aug 25 at 5:46AM

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 Keller Williams Real Estate

Investment Insights

Based on property information with market context.

This Philadelphia triplex contains three one-bedroom, one-bath apartments with varied layouts and separate practical features. The first-floor residence includes central air, basement access, and a private route to the rear yard. The second-floor apartment also has central air and laundry, while the third-floor home is arranged over two levels with a generously sized, naturally bright living room, central air, and laundry. The property was remodeled in 2013, including updated appliances and floor plans.

The building is within walking distance of Temple University. The first-floor lease ends on 3/31/2026, creating a stated owner-occupant opportunity. Existing leases are reported as below-market, and the seller charges a utility fee covering water, electric and gas, heat, and AC.

Key Highlights

  • Three 1 BD/1 BA units in a triplex configuration
  • Remodeled in 2013 with updated appliances and functional floor plans
  • Third‑floor apartment features a bi‑level layout and large light‑filled living room

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Building Supply Kitchen & Bath Showroom Accounting Firm Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,126
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three one-bedroom apartments offer central air, laundry in two units, and distinct private-access features.
Where is this triplex located?
The property is located at 1945 Nicholas St Philadelphia, PA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Three 1 BD/1 BA units in a triplex configuration; Remodeled in 2013 with updated appliances and functional floor plans; Third‑floor apartment features a bi‑level layout and large light‑filled living room
More about this property
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