Fully Leased Triplex in
305 North 41st Street Philadelphia, PA 19104
305 North 41st Street, Philadelphia, PA, 19104
$610,000
For Sale
$610,000
Turn-key triplex in high-growth area near universities and transportation.
Property Size2,505 SF
Price / SF$243.51
Days on Market126
Property Features for 305 North 41st Street
General Information
- Standard status
- Active
- Size
- 2,505 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency
OCF Realty LLC - Philadelphia
(267) 304-1771
Listed by
Dava Costello · License #RS332269
(267) 304-1771
Source
Compass
Added: Mar 17 Updated: Jul 10 at 12:15 pm Checked: Jul 20 at 3:44 am
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 OCF Realty LLC - Philadelphia
Investment Insights
Based on property information with market context.
Located at 305 N 41st Street in Philadelphia, this is a fully leased triplex offering immediate cash flow and long-term upside in a growing development corridor. The building features three well-maintained apartments, each with 2 bedrooms and 1 bath. Each unit includes hardwood flooring, in-unit laundry, and upgraded kitchens and bathrooms. Kitchens feature granite countertops, white cabinetry, and newer appliances, while bathrooms offer updated fixtures and modern finishes. The lower-level unit is the largest, with a private outdoor patio and direct basement access for storage. All units are accessed through a shared foyer and common hallway. The property is positioned within a major development and institutional growth area, benefiting from rental demand. It is walkable to UPenn and Drexel campuses and minutes from University City’s hospitals, research centers, and commercial corridors. Located two blocks from 40th Street Station, it offers connectivity via rail, trolley, and bus routes. With a Walk Score of 85 and Transit Score of 99, residents have access to Market Street, Lancaster Avenue, Spring Garden Street, Center City, I-76, and I-95. The property size is 2505 square feet.
Key Highlights
- Fully leased triplex providing immediate cash flow in a high‑growth location.
- Prime location walkable to UPenn and Drexel, close to University City's hospitals and research centers.
- Excellent transit connectivity with a Walk Score of 85 and a Transit Score of 99, near 40th Street Station.
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
NOI $42,748 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$562.9K
$492.5K – $656.7K
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turn-key triplex in high-growth area near universities and transportation.
Where is this triplex located?
The property is located at 305 North 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 triplex providing immediate cash flow in a high‑growth location.; Prime location walkable to UPenn and Drexel, close to University City's hospitals and research centers.; Excellent transit connectivity with a Walk Score of 85 and a Transit Score of 99, near 40th Street Station.
