Mixed-Use Triplex with Commercial
2123 Dickinson Street Philadelphia, PA 19146
For Sale
$800,000
Three bi-level units combine two 3-bedroom residences with a commercial space featuring a private restroom.
Property Size3,009 SF
Price / SF$265.87
Days on Market76
Property Features for 2123 Dickinson Street
General Information
- Standard status
- Active
- Size
- 3,009 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2021
Listing Agency:
Coldwell Banker Preferred-Center City
(484) 554-9188
Listed By:
Harkeet S Chadha · License #AB069009
(484) 554-9188
Source:
Compass
Added: May 11
Changed: Jul 23
Last Checked: Jul 24 at 12:11PM
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 Coldwell Banker Preferred-Center City
Investment Insights
Based on property information with market context.
This mixed-use triplex includes three bi-level units: two residential apartments and one commercial space. The commercial unit is approximately 1,100 SF and has its own private restroom, along with an oversized car parking bonus. The two upper residential units each offer 3 bedrooms and 2 full bathrooms, with bi-level layouts, roof decks, and full-size in-unit washer/dryers. Kitchens include stainless steel appliances and ample cabinet storage. Additional details include separated utilities for all units and multiple in-unit security and convenience features.
The property is described as newer construction and turnkey, with multi-position adjustable blinds, combo deadbolt entry systems, and abundant outlet placement for modern needs. Energy-efficient systems are noted throughout.
The offering is presented as having consistent occupancy with leases often renewing year after year, and includes a remaining portion of an active tax abatement. Located near Center City with access to restaurants, coffee shops, retail, and major transportation routes, it suits an investor seeking dependable income or an owner-occupant/operator looking to live or operate on-site while generating additional rental revenue.
The property is described as newer construction and turnkey, with multi-position adjustable blinds, combo deadbolt entry systems, and abundant outlet placement for modern needs. Energy-efficient systems are noted throughout.
The offering is presented as having consistent occupancy with leases often renewing year after year, and includes a remaining portion of an active tax abatement. Located near Center City with access to restaurants, coffee shops, retail, and major transportation routes, it suits an investor seeking dependable income or an owner-occupant/operator looking to live or operate on-site while generating additional rental revenue.
Key Highlights
- Mixed‑use triplex built in 2021 with three bi‑level units: two 3‑bedroom residential apartments and one commercial space.
- Commercial unit is approximately 1,100 SF with its own private restroom and includes 1 oversized parking space.
- Each residential unit offers 3 bedrooms, 2 full bathrooms, roof deck, and bi‑level layout.
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 | $77.6k | $25.80 |
| − Vacancy | −$4.3k | −$1.42 |
| EGI | $73.4k | $24.38 |
| − OpEx | −$22.0k | −$7.31 |
| NOI | $51.3k | $17.06 |
3,009 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$733.5K
$641.9K – $855.8K
NOI $51,348 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$676.1K
$591.6K – $788.8K
NOI $47,330 @ 7.0% cap · market cap 5.92%
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 bi-level units combine two 3-bedroom residences with a commercial space featuring a private restroom.
Where is this triplex located?
The property is located at 2123 Dickinson Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Mixed‑use triplex built in 2021 with three bi‑level units: two 3‑bedroom residential apartments and one commercial space.; Commercial unit is approximately 1,100 SF with its own private restroom and includes 1 oversized parking space.; Each residential unit offers 3 bedrooms, 2 full bathrooms, roof deck, and bi‑level layout.
