Three-Unit Residential Income
225 GREEN Street Philadelphia, PA 19123
225 GREEN Street, Philadelphia, PA, 19123
$795,000
For Sale
$795,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,760 SF
Lot Size0.03 Acres
Price / SF$288.04
Days on Market1379
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 Agency
Fred R Levine Real Estate
(215) 465-3733
1440 S 8th Street, Philadelphia, PA
Listed by
Fred R Levine · License #RB043558A
(215) 465-3733
Added: Oct 7, 2022 Checked: Jul 16 at 5:06 pm
MLS# PAPH2167910
Listing URL
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 three-unit residential income property is a large triplex with each unit featuring two bedrooms and central air conditioning. The building also includes a large yard, providing outdoor space for residents and day-to-day practicality.
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.
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.
Key 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.
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 |
2,760 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with two-bedroom units, central air, and a large yard near major access routes.
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: 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.
