2021-Built Three-Unit Apartment
For Sale
$799,999
2019 N COLLEGE AVE, Philadelphia, PA 19121
Bilevel and full-floor residences offer varied layouts with private outdoor spaces in Philadelphia’s Brewerytown section.
Property Size3,100 SF
Price / SF$258.06
Days on Market222
Property Features for 2019 N COLLEGE AVE
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Sharswood
Listing Agency:
Keller Williams Liberty Place
(609) 399-5454
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
360
Added: Mar 17
Changed: Oct 14
Last Checked: Oct 23 at 7:03AM
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.
This 3,100-square-foot triplex was constructed in 2021 and contains three residential units. The lower residence spans two levels with 3 bedrooms, 3 bathrooms, and a private rear patio. Two upper residences are single-bedroom, single-bathroom flats arranged across full floors, with one private balcony assigned to each unit.
The property sits on North College Avenue in Philadelphia’s Brewerytown section, within walking distance of the bars, breweries, restaurants, cafes, and other amenities along the Girard Avenue commercial corridor. The setting overlooks historic Girard College, while downtown Philadelphia and City Hall are approximately 10 minutes away by car.
RM1 zoning, a full 10-year tax abatement, and a reported 6.1% pro forma cap rate add important operating and investment characteristics. The property has historically been fully leased and is offered individually or as part of the College Avenue triplex collection.
The property sits on North College Avenue in Philadelphia’s Brewerytown section, within walking distance of the bars, breweries, restaurants, cafes, and other amenities along the Girard Avenue commercial corridor. The setting overlooks historic Girard College, while downtown Philadelphia and City Hall are approximately 10 minutes away by car.
RM1 zoning, a full 10-year tax abatement, and a reported 6.1% pro forma cap rate add important operating and investment characteristics. The property has historically been fully leased and is offered individually or as part of the College Avenue triplex collection.
Key Highlights
- 2021 construction with 3,100 square feet
- Three‑unit triplex with 3‑bedroom and 1‑bedroom layouts
- Lower residence includes 3 bedrooms, 3 bathrooms, and a private rear 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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Current Use
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Bilevel and full-floor residences offer varied layouts with private outdoor spaces in Philadelphia’s Brewerytown section.
Where is this triplex located?
The property is located at 2019 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 construction with 3,100 square feet; Three‑unit triplex with 3‑bedroom and 1‑bedroom layouts; Lower residence includes 3 bedrooms, 3 bathrooms, and a private rear patio
