2021-Built Triplex with
For Sale
$799,999
2017 N COLLEGE AVE, Philadelphia, PA 19121
Three-unit property with a bilevel residence, full-floor flats, private outdoor spaces, and a 10-year tax abatement.
Property Size3,100 SF
Price / SF$258.06
Days on Market222
Property Features for 2017 N COLLEGE AVE
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Sharswood
Units
Unit Mix
3 x 3BR/3BA, 6 x 1BR/1BA
Multifamily Units
9
Amenities
private patio
balcony
Building Details
Year Built
2021
Buildings
3
Listing Agency:
Keller Williams Liberty Place
(609) 399-5454
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Lakehomesbyliz
Added: Mar 17
Changed: Oct 11
Last Checked: Oct 23 at 6:49AM
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 Liberty Place
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Investment Insights
Based on property information with market context.
Located at 2017 North College Avenue, this 2021-built triplex is configured with three residential units. The lower residence is a bilevel layout with 3 bedrooms, 3 bathrooms, and a private back patio. Two upper residences are full-floor 1-bedroom, 1-bathroom flats, each with its own balcony. The property is zoned RM1 and has no pool.
The building sits along historic College Avenue in Philadelphia’s Brewerytown section, within walking distance of bars, breweries, restaurants, cafes, and other amenities along the Girard Avenue commercial corridor. City Hall is approximately 10 minutes away by car, and the property overlooks historic Girard College. A full 10-year tax abatement and a 6.1% pro forma cap rate are stated for the offering.
The building sits along historic College Avenue in Philadelphia’s Brewerytown section, within walking distance of bars, breweries, restaurants, cafes, and other amenities along the Girard Avenue commercial corridor. City Hall is approximately 10 minutes away by car, and the property overlooks historic Girard College. A full 10-year tax abatement and a 6.1% pro forma cap rate are stated for the offering.
Key Highlights
- 2021‑built triplex at 2017 North College Avenue
- Three residential units: one bilevel 3bd/3ba and two 1bd/1ba flats
- Lower unit includes a private back patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,901
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,020
$1.1M
Cap Rate 7%
$755,729
$755.7K
Cap Rate 9%
$587,789
$587.8K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$80.0K $25.80/SF
− Vacancy
−$4.4K −$1.42/SF
EGI
$75.6K $24.38/SF
− OpEx
−$22.7K −$7.31/SF
NOI
$52.9K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,020
Cap Rate 7%
$755,729
Cap Rate 9%
$587,789
Alternative Uses
Best Use
Multifamily LT 5
$755.7K
$661.3K – $881.7K
NOI $52,901 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$696.6K
$609.5K – $812.7K
NOI $48,761 @ 7.0% cap · market cap 6.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
2,480
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with a bilevel residence, full-floor flats, private outdoor spaces, and a 10-year tax abatement.
Where is this triplex located?
The property is located at 2017 N COLLEGE AVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 2021‑built triplex at 2017 North College Avenue; Three residential units: one bilevel 3bd/3ba and two 1bd/1ba flats; Lower unit includes a private back patio
