225 GREEN Street, Philadelphia, PA 19123
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Oct 7, 2022
- Days on Market:
- 1355
- Last Refresh:
- Jun 22 at 12:06 am
Property Features for 225 GREEN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- 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
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Fred R Levine License #RB043558A (215) 465-3733
Listing office Fred R Levine Real Estate 1440 S 8th Street, Philadelphia, PA (215) 465-3733
Listing date Oct 7, 2022
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.
HighLights
- High Income Generating Triplex: All units are currently leased, providing immediate rental income.
- Each unit is equipped with central air, a desirable amenity for tenants.
- Prime Location: Situated near Third and Spring Garden Streets, close to the Delaware River, Center City Philadelphia, and I‑95.
- Two‑Bedroom Units: Each of the three units features two bedrooms, appealing to a broad tenant base.
- Large Yard: The property includes a large yard, offering outdoor space.
- Masonry Construction: Built with durable masonry materials.
Overview
The property is located on Green Street in Philadelphia, placed one half block from Third and Spring Garden Streets. It is also described as being close to the Delaware River, Center City Philadelphia, and Interstate 95, supporting convenient regional access.
Each unit’s lease status is provided: Unit A lease ends 5/31/2024 with rent of $1,470/month, Unit B has a lease renewal for a year beginning 5/1/24 with rent now listed at $1,340/month, and Unit C lease ends 10/31/2024 with rent of $1,500/month. For buyers, this tenant-by-tenant lease schedule can help frame near-term planning and budgeting around renewal timing.
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
- -75.1424866
- Latitude
- 39.9613876
