3-Unit Triplex
For Sale
$550,000
211 S 45th St, Philadelphia, PA 19104
Self-contained residences include a blend of two- and three-bedroom layouts.
Property Size2,474 SF
Days on Market83
Property Features for 211 S 45th St
General Information
Standard status
Active
Size
2,474 SF
Property subtype
Multifamily
Site & Location
Neighborhood
West Philadelphia
Units
Unit Mix
2 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Additional Details
Gross Income
$63,300
Building Details
Building Size
2,474 SF
Year Built
1935
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia Bilynsky · License #RS311101
(267) 546-1718
Source:
Mpnrealty
Added: Aug 3
Changed: Oct 12
Last Checked: Oct 23 at 5:18AM
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 Mallin Panchelli Nadel Realty Inc
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Investment Insights
Based on property information with market context.
This Philadelphia triplex contains three self-contained residences: two two-bedroom, one-bath units and one three-bedroom, two-bath unit. The 2,474-square-foot property was built in 1935 and has received repairs and upgrades over time. Its configuration provides separate living spaces within a single multifamily building.
Located at 211 S 45th St in the Spruce Hill section of University City, the property is part of an established residential setting. A rental license is currently held for two of the three units. The seller also owns other properties nearby and may offer the assets together as a package.
Located at 211 S 45th St in the Spruce Hill section of University City, the property is part of an established residential setting. A rental license is currently held for two of the three units. The seller also owns other properties nearby and may offer the assets together as a package.
Key Highlights
- Three‑unit multifamily property with two 2‑bed/1‑bath units and one 3‑bed/2‑bath unit
- 2,474‑square‑foot building constructed in 1935
- All three units are self‑contained
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,219
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,380
$844.4K
Cap Rate 7%
$603,129
$603.1K
Cap Rate 9%
$469,100
$469.1K
Market Conditions
NOI Build-Up for 2,474 SF
Gross rent
$63.8K $25.80/SF
− Vacancy
−$3.5K −$1.42/SF
EGI
$60.3K $24.38/SF
− OpEx
−$18.1K −$7.31/SF
NOI
$42.2K $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%
$844,380
Cap Rate 7%
$603,129
Cap Rate 9%
$469,100
Alternative Uses
Best Use
Multifamily LT 5
$603.1K
$527.7K – $703.7K
NOI $42,219 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$555.9K
$486.4K – $648.6K
NOI $38,915 @ 7.0% cap · market cap 7.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,527
Businesses Nearby
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Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
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 - Self-contained residences include a blend of two- and three-bedroom layouts.
Where is this triplex located?
The property is located at 211 S 45th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three‑unit multifamily property with two 2‑bed/1‑bath units and one 3‑bed/2‑bath unit; 2,474‑square‑foot building constructed in 1935; All three units are self‑contained
