Two-Bedroom Triplex with
For Sale
$795,000
225 GREEN Street, Philadelphia, PA 19123
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,760 SF
Lot Size0.03 Acres
Price / SF$288.04
Days on Market1425
Property Features for 225 GREEN Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,760 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6866
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Amenities
central air conditioning
large yard
Building Details
Year built
1900
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Fred R Levine Real Estate
(215) 465-3733
Listed By:
Fred R Levine · License #RB043558A
(215) 465-3733
Added: Oct 7, 2022
Changed: Aug 11
Last Checked: Aug 31 at 3:06PM
MLS# PAPH2167910
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,760-square-foot masonry triplex, built in 1900, contains three residential units with two bedrooms per unit. Central air conditioning serves each residence, while hot-water heating supports the building. The property also includes a large yard and sits on a 0.0302-acre lot.
The building is located one half block from Third and Spring Garden Streets, with access to the Delaware River, Center City Philadelphia, and Interstate 95. Existing lease end dates are 7/31/26 for Unit A, 5/31/26 for Unit B’s renewal, and 10/31/26 for Unit C.
The building is located one half block from Third and Spring Garden Streets, with access to the Delaware River, Center City Philadelphia, and Interstate 95. Existing lease end dates are 7/31/26 for Unit A, 5/31/26 for Unit B’s renewal, and 10/31/26 for Unit C.
Key Highlights
- Three‑unit property with two bedrooms in each unit
- 2,760 square feet on a 0.0302‑acre lot
- Central air conditioning in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,099
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$941,980
$942.0K
Cap Rate 7%
$672,843
$672.8K
Cap Rate 9%
$523,322
$523.3K
Market Conditions
NOI Build-Up for 2,760 SF
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.
Gross rent
$71.2K $25.80/SF
− Vacancy
−$3.9K −$1.42/SF
EGI
$67.3K $24.38/SF
− OpEx
−$20.2K −$7.31/SF
NOI
$47.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$941,980
Cap Rate 7%
$672,843
Cap Rate 9%
$523,322
Alternative Uses
Best Use
Multifamily LT 5
$672.8K
$588.7K – $785.0K
NOI $47,099 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$620.2K
$542.7K – $723.6K
NOI $43,413 @ 7.0% cap · market cap 5.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,436
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer central air conditioning and a shared outdoor yard area.
Where is this triplex located?
The property is located at 225 GREEN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Three‑unit property with two bedrooms in each unit; 2,760 square feet on a 0.0302‑acre lot; Central air conditioning in every unit
