New Construction Triplex with
2613 Federal Street Philadelphia, PA 19146
For Sale
$860,000
Triplex built in 2023 with three rented units, including one with a driveway parking space and one with a roof deck.
Property Size2,700 SF
Price / SF$318.52
Days on Market397
Property Features for 2613 Federal Street
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2023
Listing Agency:
Compass
(215) 901-2141
Listed By:
Matthew Ostroff · License #RS372536
(215) 901-2141
Source:
Compass
Added: Jun 22, 2025
Changed: Jul 20
Last Checked: Jul 21 at 6:46AM
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 Compass
Investment Insights
Based on property information with market context.
This fully rented triplex was constructed in 2023 and features three separate units. Unit A is a 1-bedroom, 1-bath layout with parking via a driveway. Unit B offers a 2-bedroom, 2-bath configuration. Unit C provides a 3-bedroom, 3-bath layout and includes a roof deck.
The property is located at 2613 Federal Street in Philadelphia and is described as being in the Point Breeze area. The listing also notes a ten-year tax abatement in place until 2034.
All units are currently rented, supporting immediate income. The offering is also presented as part of a group purchase option with three other fully rented new construction buildings at 1105 S. 27th St, 1107 S. 27th St, and 2609-11 Federal St.
The property is located at 2613 Federal Street in Philadelphia and is described as being in the Point Breeze area. The listing also notes a ten-year tax abatement in place until 2034.
All units are currently rented, supporting immediate income. The offering is also presented as part of a group purchase option with three other fully rented new construction buildings at 1105 S. 27th St, 1107 S. 27th St, and 2609-11 Federal St.
Key Highlights
- Triplex built in 2023 with all three units currently rented
- Unit mix: 1 bed/1 bath, 2 bed/2 bath, and 3 bed/3 bath
- Unit‑A includes driveway parking space
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 | $69.7k | $25.80 |
| − Vacancy | −$3.8k | −$1.42 |
| EGI | $65.8k | $24.38 |
| − OpEx | −$19.7k | −$7.31 |
| NOI | $46.1k | $17.06 |
2,700 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$658.2K
$575.9K – $767.9K
NOI $46,075 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$606.7K
$530.9K – $707.8K
NOI $42,470 @ 7.0% cap · market cap 4.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex built in 2023 with three rented units, including one with a driveway parking space and one with a roof deck.
Where is this triplex located?
The property is located at 2613 Federal Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Triplex built in 2023 with all three units currently rented; Unit mix: 1 bed/1 bath, 2 bed/2 bath, and 3 bed/3 bath; Unit‑A includes driveway parking space
