Three-Unit Triplex with Rear
New
For Sale
$650,000
313 GREEN STREET, Philadelphia, PA 19123
Each apartment includes its own washer and dryer, with a bonus room and basement access in the first-floor unit.
Property Size2,521 SF
Price / SF$257.83
Days on Market4
Property Features for 313 GREEN STREET
General Information
Standard status
Active
Size
2,521 SF
Property subtype
Triplex
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Amenities
washer and dryer
Building Details
Year Built
1920
Listing Agency:
Compass Pennsylvania, LLC
(267) 435-8015
Listed By:
JoEllen Musselman · License #RS334463
(267) 346-4135
Source:
Cummingsrealtors
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 8:19AM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This 2,521-square-foot triplex at 313 Green Street contains three one-bedroom, one-bathroom apartments. Each unit has a washer and dryer. The first-floor residence also includes a bonus room, basement access, and a private rear patio. The property was built in 1920.
A documented rear easement provides vehicle access from N. Galloway Street. The patio may be convertible to parking, subject to buyer verification and applicable approvals; neighboring properties use the rear access for parking. Nearby destinations named in the property information include 2nd Street, The Piazza, Liberty Lands, and the Spring Garden SEPTA station, with access to Center City, Old City, and major highways.
A documented rear easement provides vehicle access from N. Galloway Street. The patio may be convertible to parking, subject to buyer verification and applicable approvals; neighboring properties use the rear access for parking. Nearby destinations named in the property information include 2nd Street, The Piazza, Liberty Lands, and the Spring Garden SEPTA station, with access to Center City, Old City, and major highways.
Key Highlights
- Three one‑bedroom, one‑bathroom apartments
- 2,521‑square‑foot triplex built in 1920
- Washer and dryer in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,021
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,420
$860.4K
Cap Rate 7%
$614,586
$614.6K
Cap Rate 9%
$478,011
$478.0K
Market Conditions
NOI Build-Up for 2,521 SF
Gross rent
$65.0K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$61.5K $24.38/SF
− OpEx
−$18.4K −$7.31/SF
NOI
$43.0K $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%
$860,420
Cap Rate 7%
$614,586
Cap Rate 9%
$478,011
Alternative Uses
Best Use
Multifamily LT 5
$614.6K
$537.8K – $717.0K
NOI $43,021 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$566.5K
$495.7K – $660.9K
NOI $39,654 @ 7.0% cap · market cap 6.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,437
Businesses Nearby
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Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
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 - Each apartment includes its own washer and dryer, with a bonus room and basement access in the first-floor unit.
Where is this triplex located?
The property is located at 313 GREEN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three one‑bedroom, one‑bathroom apartments; 2,521‑square‑foot triplex built in 1920; Washer and dryer in each apartment
