Renovated Triplex With Central
For Sale
$549,900
2655 EMERALD STREET, Philadelphia, PA 19125
Three updated units feature modern kitchens, tile bathrooms, separate gas and electric utilities, and refreshed interior finishes.
Property Size1,020 SF
Days on Market143
Property Features for 2655 EMERALD STREET
General Information
Standard status
Active
Size
1,020 SF
Property subtype
Triplex
Site & Location
Neighborhood
Kensington
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Sprinkler System
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,558
Building Details
Building Size
1,020 SF
Year Built
1875
Buildings
1
Listing Agency:
KW Empower
Listed By:
Mario J Tropea Jr · License #Ab062206L
(215) 783-3698
Source:
Lizclarkrealestate
Added: Jun 4
Changed: Oct 21
Last Checked: Oct 23 at 2:39PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This three-family property has undergone a comprehensive renovation, with improvements that include new heating systems, central air conditioning, custom kitchens, tile bathrooms, custom staircases, new flooring, replacement windows, a sprinkler system, and a new roof. Separate gas and electric utilities serve the units. Originally built in 1875, the triplex combines updated interiors with a multi-unit residential layout.
The property is within walking distance of Fishtown, East Kensington, and Northern Liberties, with restaurants, supermarkets, shopping, and entertainment nearby. Regional access includes Interstate 95, the Benjamin Franklin Bridge, and Interstate 76, connecting the property with destinations throughout the area.
The property is within walking distance of Fishtown, East Kensington, and Northern Liberties, with restaurants, supermarkets, shopping, and entertainment nearby. Regional access includes Interstate 95, the Benjamin Franklin Bridge, and Interstate 76, connecting the property with destinations throughout the area.
Key Highlights
- Three‑family residential configuration
- Comprehensive renovation includes new heating systems, central air, windows, flooring, and a new roof
- Custom kitchens and tile bathrooms in the updated units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,406
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,120
$348.1K
Cap Rate 7%
$248,657
$248.7K
Cap Rate 9%
$193,400
$193.4K
Market Conditions
NOI Build-Up for 1,020 SF
Gross rent
$26.3K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$24.9K $24.38/SF
− OpEx
−$7.5K −$7.31/SF
NOI
$17.4K $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%
$348,120
Cap Rate 7%
$248,657
Cap Rate 9%
$193,400
Alternative Uses
Best Use
Multifamily LT 5
$248.7K
$217.6K – $290.1K
NOI $17,406 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$229.2K
$200.6K – $267.4K
NOI $16,044 @ 7.0% cap · market cap 2.92%
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
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three updated units feature modern kitchens, tile bathrooms, separate gas and electric utilities, and refreshed interior finishes.
Where is this triplex located?
The property is located at 2655 EMERALD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Three‑family residential configuration; Comprehensive renovation includes new heating systems, central air, windows, flooring, and a new roof; Custom kitchens and tile bathrooms in the updated units
