Philadelphia Triplex For
2321 N 2ND Street Philadelphia, PA 19133
2321 N 2ND Street, Philadelphia, PA, 19133
$650,000
For Sale
$650,000
MULTI_FAMILY - Split Level - PHILADELPHIA, PA
Property Size2,256 SF
Lot Size0.03 Acres
Price / SF$288.12
Days on Market137
Property Features for 2321 N 2ND Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,256 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9592
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Split Level
Listing agency
Genesis Real Estate Services
(215) 226-6200
Listed by
Raul Zabaleta Jr. · License #RS347488
(267) 285-7757
Added: Mar 9 Updated: Jun 9 at 11:59AM Checked: Jul 23 at 4:06AM
MLS# PAPH2591914
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 triplex, located in Philadelphia, PA, offers 2256 square feet of living space on a lot of 0.0263 acres. The property is a multi-family residential income property.
Key Highlights
- Masonry construction
- Central heating and central air conditioning
- Built in 1915
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 | $58.2k | $25.80 |
| − Vacancy | −$3.2k | −$1.42 |
| EGI | $55.0k | $24.38 |
| − OpEx | −$16.5k | −$7.31 |
| NOI | $38.5k | $17.06 |
2,256 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$550.0K
$481.2K – $641.6K
NOI $38,498 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$506.9K
$443.6K – $591.4K
NOI $35,486 @ 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
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FAQs
What type of property is this?
Triplex - Triplex in Philadelphia, PA, with 2256 square feet.
Where is this triplex located?
The property is located at 2321 N 2ND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Masonry construction; Central heating and central air conditioning; Built in 1915
