Well-Maintained Triplex Near Temple
2246 North 12th Street, Philadelphia, PA 19133
Fully occupied triplex near Temple University, built in 2013.
Type:Multi-Family / Fee Simple
Property size:
2,555 SFPrice / SF:
$201/SF- Added:
- Jul 4, 2025
- Days on Market:
- 333
- Last Refresh:
- Mar 13 at 5:39 pm
Property Features for 2246 North 12th Street
General Information
- Standard status
- Active
- Size
- 2,555 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2013
Listing agent Miriam Mosquera-Martinez License #RS334645 (215) 247-3600
Listing office Elfant Wissahickon-Chestnut Hill (215) 247-3600
Listing date Jul 4, 2025
Source Compass
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 Elfant Wissahickon-Chestnut Hill
HighLights
- Prime location: Minutes from Temple University's main campus, ideal for student rentals
- Built in 2013: Relatively new construction, potentially reducing maintenance costs
- Fully occupied triplex: Immediate cash flow from existing tenants
- Strong rental upside: Rents believed to be below market value with potential to increase
- Unit mix: One 4‑bedroom unit and two 2‑bedroom units, appealing to various tenant types
- Finished basement: Additional living space included in square footage
Overview
This well-maintained triplex, constructed in 2013, is located within walking distance of Temple University's main campus. The property features one four-bedroom unit and two two-bedroom units. The finished basement includes living space, which is factored into the above-grade square footage. The property is suitable for student rentals or long-term tenants. It is located in Philadelphia, MLS Area 19133. The School District is THE SCHOOL DISTRICT OF PHILADELPHIA. The property has a size of 2555 square feet.
Local 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 | $65.9k | $25.80 |
| − Vacancy | −$3.6k | −$1.42 |
| EGI | $62.3k | $24.38 |
| − OpEx | −$18.7k | −$7.31 |
| NOI | $43.6k | $17.06 |
2,555 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$622.9K
$545.0K – $726.7K
NOI $43,601 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$574.1K
$502.4K – $669.8K
NOI $40,189 @ 7.0% cap · market cap 7.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1525057
- Latitude
- 39.9868811
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully occupied triplex near Temple University, built in 2013.
Where is this triplex located?
The property is located at 2246 North 12th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Prime location: Minutes from Temple University's main campus, ideal for student rentals; Built in 2013: Relatively new construction, potentially reducing maintenance costs; Fully occupied triplex: Immediate cash flow from existing tenants
