Turnkey 3-Unit Triplex
2718 North 11th Street Philadelphia, PA 19133
For Sale
$445,000
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 Market37
Property Features for 2718 North 11th Street
General Information
- Standard status
- Active
- Size
- 2,346 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
Believe Realty Group
(267) 315-8104
Listed By:
Shydera Edwards · License #RS343887
(267) 315-8104
Source:
Compass
Added: Jun 18
Changed: Jul 22
Last Checked: Jul 23 at 10:45AM
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 Believe Realty Group
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 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 | $60.5k | $25.80 |
| − Vacancy | −$3.3k | −$1.42 |
| EGI | $57.2k | $24.38 |
| − OpEx | −$17.2k | −$7.31 |
| NOI | $40.0k | $17.06 |
2,346 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
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 North 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
