Three-Unit Residential Income
For Sale
$650,000
236 Buckingham Pl, Philadelphia, PA 19104
Three-unit multifamily building with 1,890 SF built in 1915, zoned RSA3 for residential income use.
Property Size1,890 SF
Price / SF$343.92
Days on Market128
Property Features for 236 Buckingham Pl
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Multifamily
Zoning
RSA3
Site & Location
Neighborhood
West Philadelphia
Additional Details
Multifamily Units
3
Building Details
Building Size
1,890 SF
Year Built
1915
Tenancy
Multi
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia Bilynsky · License #RS311101
(267) 546-1718
Source:
Mpnrealty
Added: Jun 25
Changed: Oct 25
Last Checked: Oct 28 at 7:24AM
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 Mallin Panchelli Nadel Realty Inc
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Investment Insights
Based on property information with market context.
This three-unit residential income property features a 1,890 SF building constructed in 1915. The multifamily configuration includes three separate units within the existing structure.
The property is listed for sale and located in Philadelphia, Pennsylvania. It is zoned RSA3, which supports residential use under the current zoning designation.
As a smaller income property, the building’s established unit count and historical construction date may appeal to investors seeking a straightforward multifamily holding within an RSA3-zoned setting.
The property is listed for sale and located in Philadelphia, Pennsylvania. It is zoned RSA3, which supports residential use under the current zoning designation.
As a smaller income property, the building’s established unit count and historical construction date may appeal to investors seeking a straightforward multifamily holding within an RSA3-zoned setting.
Key Highlights
- Three‑unit multifamily building with 1,890 SF, built in 1915
- Zoned RSA3 for residential income use
- Multifamily/mid‑rise investor asset located in the heart of Philadelphia
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,253
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,060
$645.1K
Cap Rate 7%
$460,757
$460.8K
Cap Rate 9%
$358,367
$358.4K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$48.8K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$46.1K $24.38/SF
− OpEx
−$13.8K −$7.31/SF
NOI
$32.3K $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 Rate 5%
$645,060
Cap Rate 7%
$460,757
Cap Rate 9%
$358,367
Alternative Uses
Best Use
Multifamily LT 5
$460.8K
$403.2K – $537.6K
NOI $32,253 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$424.7K
$371.6K – $495.5K
NOI $29,729 @ 7.0% cap · market cap 4.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,527
Businesses Nearby
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Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit multifamily building with 1,890 SF built in 1915, zoned RSA3 for residential income use.
Where is this triplex located?
The property is located at 236 Buckingham Pl 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: Three‑unit multifamily building with 1,890 SF, built in 1915; Zoned RSA3 for residential income use; Multifamily/mid‑rise investor asset located in the heart of Philadelphia
