Three-Unit Residential Income
211 South 45th Street Philadelphia, PA 19104
For Sale
$650,000
Three self-contained units include two 2-bedroom/1-bath units and one 3-bedroom/2-bath unit.
Property Size2,474 SF
Price / SF$262.73
Days on Market516
Property Features for 211 South 45th Street
General Information
- Standard status
- Active
- Size
- 2,474 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1935
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Nadia T Bilynsky · License #RS311101
(215) 413-4900
Source:
Compass
Added: Feb 23, 2025
Changed: Jul 22
Last Checked: Jul 23 at 8:15AM
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
Investment Insights
Based on property information with market context.
This three-unit residential income property includes two self-contained 2-bedroom, 1-bath units and one self-contained 3-bedroom, 2-bath unit. The property is described as being in good condition, with upgrades and repairs completed over the years.
The home is located in the Spruce Hill section of University City in Philadelphia. The listing notes the seller holds a rental license for two units, and there are three total units on the property.
The property generates current gross rental income of $60,900 per year, and the seller also owns other properties in the immediate vicinity, with an option to purchase as a package.
The home is located in the Spruce Hill section of University City in Philadelphia. The listing notes the seller holds a rental license for two units, and there are three total units on the property.
The property generates current gross rental income of $60,900 per year, and the seller also owns other properties in the immediate vicinity, with an option to purchase as a package.
Key Highlights
- Three self‑contained rental units: two 2BR/1BA units and one 3BR/2BA unit
- Current gross rental income of $60,900 per year
- Year built: 1935
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.8k | $25.80 |
| − Vacancy | −$3.5k | −$1.42 |
| EGI | $60.3k | $24.38 |
| − OpEx | −$18.1k | −$7.31 |
| NOI | $42.2k | $17.06 |
2,474 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$603.1K
$527.7K – $703.7K
NOI $42,219 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$555.9K
$486.4K – $648.6K
NOI $38,915 @ 7.0% cap · market cap 5.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three self-contained units include two 2-bedroom/1-bath units and one 3-bedroom/2-bath unit.
Where is this triplex located?
The property is located at 211 South 45th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three self‑contained rental units: two 2BR/1BA units and one 3BR/2BA unit; Current gross rental income of $60,900 per year; Year built: 1935
