Three-Unit Masonry
For Sale
$550,000
211 S 45TH Street, Philadelphia, PA 19104
Multi-Family, PHILADELPHIA, PA
Property Size2,474 SF
Lot Size0.05 Acres
Price / SF$222.31
Days on Market105
Property Features for 211 S 45TH Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Appliances
Dryer, Washer
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,474 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8831
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1935
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Nadia T Bilynsky · License #RS311101
(267) 546-1718
Added: Jul 2
Changed: Sep 4
Last Checked: Oct 14 at 10:06AM
MLS# PAPH2643642
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,474-square-foot triplex contains three self-contained residences: two two-bedroom, one-bath units and one three-bedroom, two-bath unit. The masonry property was built in 1935 and has received repairs and upgrades over time. Central air, forced-air heating, and washer and dryer appliances are included, with on-street parking available.
The property is located in Philadelphia’s Spruce Hill section of University City. A rental license is currently in place for 2 units, while the building contains 3 units. The seller also owns other nearby properties and may offer them together as a package.
The property is located in Philadelphia’s Spruce Hill section of University City. A rental license is currently in place for 2 units, while the building contains 3 units. The seller also owns other nearby properties and may offer them together as a package.
Key Highlights
- Three‑unit triplex with two 2‑bed/1‑bath units and one 3‑bed/2‑bath unit
- 2,474 square feet on a 0.0467‑acre lot
- Masonry construction; built in 1935
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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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,527
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Triplex - Self-contained unit layouts with central air, forced-air heat, and in-unit laundry appliances.
Where is this triplex located?
The property is located at 211 S 45TH Street 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 triplex with two 2‑bed/1‑bath units and one 3‑bed/2‑bath unit; 2,474 square feet on a 0.0467‑acre lot; Masonry construction; built in 1935
