Corner Office and Apartment
For Sale
$450,000
2555 S JESSUP STREET, Philadelphia, PA 19148
Triplex offers a corner office on the first floor plus two residential units with central air.
Property Size1,504 SF
Price / SF$299.20
Days on Market97
Property Features for 2555 S JESSUP STREET
General Information
Standard status
Active
Size
1,504 SF
Total Parking Spaces
1
Property subtype
Triplex
Units
Multifamily Units
2
Office Units
1
Building Details
Year Built
1925
Listing Agency:
Anchor Commercial Development LLC
Listed By:
Yvonne Hu · License #RM419525
(215) 389-2280
Source:
Cummingsrealtors
Added: Jul 13
Changed: Oct 16
Last Checked: Oct 16 at 8:45AM
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 Anchor Commercial Development LLC
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Investment Insights
Based on property information with market context.
This versatile triplex includes three separate units: a studio apartment on the first floor to lower level, a one-bedroom apartment on the second floor, and a dedicated corner first-floor office space. The building provides abundant natural light throughout and includes central air systems throughout the property.
The property sits at the intersection of Shunk St and S Jessup St, with convenient access to shopping, dining, transportation, and major roadways. A single private drive-in garage provides parking for the building.
Designed to support multiple uses, the layout allows for a combination of residential income and a dedicated office space within the same corner building.
The property sits at the intersection of Shunk St and S Jessup St, with convenient access to shopping, dining, transportation, and major roadways. A single private drive-in garage provides parking for the building.
Designed to support multiple uses, the layout allows for a combination of residential income and a dedicated office space within the same corner building.
Key Highlights
- 1925‑built triplex at the corner of Shunk St and S Jessup St with an office and two residential units
- Unit mix includes a first‑floor to lower‑level studio apartment, a second‑floor one‑bedroom apartment, and a dedicated corner first‑floor office
- Abundant natural light throughout the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,666
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,320
$513.3K
Cap Rate 7%
$366,657
$366.7K
Cap Rate 9%
$285,178
$285.2K
Market Conditions
NOI Build-Up for 1,504 SF
Gross rent
$38.8K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$36.7K $24.38/SF
− OpEx
−$11.0K −$7.31/SF
NOI
$25.7K $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%
$513,320
Cap Rate 7%
$366,657
Cap Rate 9%
$285,178
Alternative Uses
Best Use
Multifamily LT 5
$366.7K
$320.8K – $427.8K
NOI $25,666 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$338.0K
$295.7K – $394.3K
NOI $23,657 @ 7.0% cap · market cap 5.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Office units
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,019
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Triplex - Triplex offers a corner office on the first floor plus two residential units with central air.
Where is this triplex located?
The property is located at 2555 S JESSUP STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1925‑built triplex at the corner of Shunk St and S Jessup St with an office and two residential units; Unit mix includes a first‑floor to lower‑level studio apartment, a second‑floor one‑bedroom apartment, and a dedicated corner first‑floor office; Abundant natural light throughout the building
