225 Green Street, Philadelphia, PA 19123
Triplex offers three two-bedroom units, each with central air, plus a large yard for tenant use.
- Added:
- Oct 7, 2022
- Days on Market:
- 1372
- Last Refresh:
- Jul 8 at 3:44 am
Property Features for 225 Green Street
General Information
- Standard status
- Active
- Size
- 2,760 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing office RE/MAX One (856) 222-0077
Listing date Oct 7, 2022
Source Thetristaterealestategroup
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 RE/MAX One
HighLights
- Large triplex with three 2‑bedroom units
- Each unit has central air conditioning
- Electric heat and electric hot water
- Large yard for tenant use
- Unit A lease ends 5/31/2024 (rent $1,470/month)
- Unit B renews for one year on 5/1/24 (rent $1,340/month) and Unit C lease ends 10/31/2024 (rent $1,500/month)
Overview
The building is located one half block from the intersection of Third and Spring Garden Sts. It is also close to the Delaware River, Center City Philadelphia, and Interstate 95, supporting broad accessibility to employment, retail, and regional transportation routes.
For buyers seeking an income-producing residential asset, the current lease terms provide near- to mid-term tenancy visibility: Unit A’s lease ends 5/31/2024 at $1,470 per month; Unit B renews for a year beginning 5/1/24 at $1,340 per month; and Unit C’s lease ends 10/31/2024 at $1,500 per month. The unit mix and central air across all three apartments make the property straightforward to market to tenants looking for consistent in-unit comfort.
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 | $71.2k | $25.80 |
| − Vacancy | −$3.9k | −$1.42 |
| EGI | $67.3k | $24.38 |
| − OpEx | −$20.2k | −$7.31 |
| NOI | $47.1k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.14222
- Latitude
- 39.96129
