Turnkey 3-Unit Triplex
For Sale
$445,000
2718 N 11TH STREET, Philadelphia, PA 19133
Well-maintained triplex with three two-bedroom units, two currently occupied, plus a vacant first-floor unit.
Property Size2,346 SF
Price / SF$189.68
Days on Market123
Property Features for 2718 N 11TH STREET
General Information
Standard status
Active
Size
2,346 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,879
Building Details
Building Size
2,346 SF
Year Built
1920
Listing Agency:
Believe Realty Group
Listed By:
Shydera Edwards · License #RS343887
(267) 315-8104
Source:
Mainlinekw
Added: Jun 22
Changed: Oct 21
Last Checked: Oct 21 at 6:41AM
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 Believe Realty Group
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Investment Insights
Based on property information with market context.
This well-maintained triplex presents a turnkey setup with three spacious two-bedroom units. The third-floor unit includes two full bathrooms, adding useful flexibility to the overall layout. Two units are currently occupied, providing immediate rental income, while the first-floor unit is vacant and ready for immediate occupancy.
Located in Philadelphia County, the property offers convenient access to public transportation, major roadways, shopping, dining, and Temple University.
With approximately 2,346 square feet, the building provides a functional 3-unit configuration and an owner-occupant option through the available first-floor unit.
Located in Philadelphia County, the property offers convenient access to public transportation, major roadways, shopping, dining, and Temple University.
With approximately 2,346 square feet, the building provides a functional 3-unit configuration and an owner-occupant option through the available first-floor unit.
Key Highlights
- Well‑maintained triplex built in 1920 with approximately 2,346 SF and three 2‑bedroom units
- Two units currently occupied, providing immediate rental income
- Vacant first‑floor unit offers owner‑occupant or house‑hacker option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,034
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,680
$800.7K
Cap Rate 7%
$571,914
$571.9K
Cap Rate 9%
$444,822
$444.8K
Market Conditions
NOI Build-Up for 2,346 SF
Gross rent
$60.5K $25.80/SF
− Vacancy
−$3.3K −$1.42/SF
EGI
$57.2K $24.38/SF
− OpEx
−$17.2K −$7.31/SF
NOI
$40.0K $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%
$800,680
Cap Rate 7%
$571,914
Cap Rate 9%
$444,822
Alternative Uses
Best Use
Multifamily LT 5
$571.9K
$500.4K – $667.2K
NOI $40,034 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$527.2K
$461.3K – $615.0K
NOI $36,901 @ 7.0% cap · market cap 8.29%
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?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,103
Businesses Nearby
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Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained triplex with three two-bedroom units, two currently occupied, plus a vacant first-floor unit.
Where is this triplex located?
The property is located at 2718 N 11TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Well‑maintained triplex built in 1920 with approximately 2,346 SF and three 2‑bedroom units; Two units currently occupied, providing immediate rental income; Vacant first‑floor unit offers owner‑occupant or house‑hacker option
