Three-Unit Multifamily
For Sale
$650,000
222 Buckingham Pl, Philadelphia, PA 19104
Three-unit multifamily property built in 1915, zoned RSA3 in Philadelphia for residential income use.
Property Size1,890 SF
Price / SF$343.92
Days on Market113
Property Features for 222 Buckingham Pl
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Multifamily
Zoning
RSA3
Additional Details
Multifamily Units
3
Building Details
Building Size
1,890 SF
Year Built
1915
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia Bilynsky · License #RS311101
(267) 546-1718
Source:
Mpnrealty
Added: Jun 24
Changed: Oct 4
Last Checked: Oct 12 at 6:26PM
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.
222 Buckingham Pl is a three-unit multifamily building totaling 1,890 SF, constructed in 1915. The property is configured as three separate units within a single building, offering a straightforward residential income setup for an owner-operator or investor.
The building is located in Philadelphia and is zoned RSA3. The RSA3 zoning designation may be relevant for planning a variety of residential uses consistent with local regulations, making the property of interest to buyers focused on long-term holding and potential future strategy.
For tenants seeking a multi-unit arrangement and for investors evaluating residential income assets, this property provides a compact, manageable scale with three units in place. With its established building and existing unit configuration, the site is positioned as a candidate for buyers who want a small multifamily offering in Philadelphia under the RSA3 zoning category.
The building is located in Philadelphia and is zoned RSA3. The RSA3 zoning designation may be relevant for planning a variety of residential uses consistent with local regulations, making the property of interest to buyers focused on long-term holding and potential future strategy.
For tenants seeking a multi-unit arrangement and for investors evaluating residential income assets, this property provides a compact, manageable scale with three units in place. With its established building and existing unit configuration, the site is positioned as a candidate for buyers who want a small multifamily offering in Philadelphia under the RSA3 zoning category.
Key Highlights
- 3‑unit multifamily property in Philadelphia
- Building size: 1,890 SF
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,253
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,060
$645.1K
Cap Rate 7%
$460,757
$460.8K
Cap Rate 9%
$358,367
$358.4K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$48.8K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$46.1K $24.38/SF
− OpEx
−$13.8K −$7.31/SF
NOI
$32.3K $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%
$645,060
Cap Rate 7%
$460,757
Cap Rate 9%
$358,367
Alternative Uses
Best Use
Multifamily LT 5
$460.8K
$403.2K – $537.6K
NOI $32,253 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$424.7K
$371.6K – $495.5K
NOI $29,729 @ 7.0% cap · market cap 4.57%
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
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 - Three-unit multifamily property built in 1915, zoned RSA3 in Philadelphia for residential income use.
Where is this triplex located?
The property is located at 222 Buckingham Pl 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: 3‑unit multifamily property in Philadelphia; Building size: 1,890 SF; Built in 1915
