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    Fully Leased Triplex with In-Unit Laundry Title is generated by Realmo AI

    305 N 41ST Street, Philadelphia, PA 19104

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    Claim this Listing
    New
    For Sale
    $610,000

    MULTI_FAMILY - PHILADELPHIA, PA

    Property size:
    2,505 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $243/SF
    Added:
    Jun 22, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 22 at 4:06 pm

    Property Features for 305 N 41ST Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    On Street
    Appliances
    Dryer, Oven - Single, Stove, Stainless Steel Appliances, Washer, WaterHeater, Microwave, Range Hood, Oven/Range - Gas
    Standard status
    Active
    Size
    2,505 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9461

    Building Details

    Year built
    1915
    Number of units
    3
    Building materials
    Brick

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    Listing Contact
    Dava Costello
    Dava Costello

    Listing agent Dava Costello License #RS332269

    Listing office OCF Realty LLC - Philadelphia 1936 Washington Avenue, Philadelphia, PA

    Listing date Jun 22, 2026

    MLS# PAPH2639672 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully leased Philadelphia triplex with three 2‑bed, 1‑bath apartments
    • Each unit includes in‑unit laundry and hardwood flooring
    • Recently upgraded kitchens and bathrooms with stainless steel appliances and granite countertops
    • Brick building built in 1915
    • Lower‑level unit is the largest and features a private outdoor patio plus direct basement access for extra storage
    • On‑street parking; near 40th Street Station (about two blocks) with Transit Score 99 and Walk Score 85

    Overview

    This fully leased triplex includes three well-maintained 2-bedroom, 1-bath apartments. Each unit features hardwood flooring and in-unit laundry. The kitchens have been recently upgraded with granite countertops, white cabinetry, and newer appliances, and the bathrooms include updated fixtures and modern finishes. Units share access through a common foyer and hallway, providing residents convenient, private entries. The lower-level apartment is the largest and offers private outdoor patio space plus direct basement access, which can be used for additional storage.

    Located at 305 N 41st Street in Philadelphia’s West Powelton area, the property is positioned for everyday convenience. The home is walkable to multiple major university campuses, including UPenn and Drexel, and is minutes from University City hospitals and research centers. The listing also notes proximity to major transit options, including being two blocks from 40th Street Station, with rail, trolley, and bus access. Reported Walk Score is 85 and Transit Score is 99, supporting connectivity to Market Street, Lancaster Avenue, Spring Garden Street, Center City, I-76, and I-95.

    For investors or owner-occupants, the appeal is straightforward: a turn-key, fully leased income setup with consistent unit layouts and interior upgrades, plus a lower-level unit that adds an outdoor patio and basement access for storage. The property’s shared entry configuration and well-defined amenities support a practical, tenant-ready living experience.

    Local 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 $64.6k $25.80
    − Vacancy −$3.6k −$1.42
    EGI $61.1k $24.38
    − OpEx −$18.3k −$7.31
    NOI $42.7k $17.06
    2,505 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $610.7K
    $534.4K – $712.5K (±1% cap)
    NOI $42,748 @ 7.0% cap · market cap 7.01%
    Second Best
    Apartment 5plus
    $562.9K
    $492.5K – $656.7K (±1% cap)
    NOI $39,402 @ 7.0% cap · market cap 6.46%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.20494
    Latitude
    39.95914

    FAQs

    What type of property is this?
    Triplex - Three leased 2BR/1BA units with in-unit laundry and updated kitchens and baths.
    Where is this triplex located?
    The property is located at 305 N 41ST Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $610,000.
    What are key features of this property?
    This property features: Fully leased Philadelphia triplex with three 2‑bed, 1‑bath apartments; Each unit includes in‑unit laundry and hardwood flooring; Recently upgraded kitchens and bathrooms with stainless steel appliances and granite countertops
    More about this property
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