Triplex with Private Outdoor
321 W BERKS STREET Philadelphia, PA 19122
For Sale
$900,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size3,951 SF
Price / SF$227.79
Days on Market267
Property Features for 321 W BERKS STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Active
- Size
- 3,951 SF
Building Details
- Year built
- 2019
Listing Agency:
BHHS Fox & Roach Center City-Society Hill
(215) 627-6005
Listed By:
Morgan Boyle
(484) 571-8786
Added: Oct 30, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:06PM
MLS# PAPH2553874
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex offers three separate units with flexible floor plans and a contemporary feel. Units feature high ceilings, large windows, and private exterior space. Interiors include in-unit washer and dryer, modern kitchens with shaker-style cabinetry, subway tile, quartz countertops, and stainless-steel appliances. Bedrooms provide ample closet space.
The property is located just outside the Fishtown market in the Norris Square/West Kensington hyper-development zone. It is close to Center City, Norris Square Park, and Towey’s Playground, with nearby restaurants, shops, and bars. It is also within walking distance of Evil Genius Brewery and Human Robot, and is near Temple University and public transit.
A full tax abatement is listed through 2032, supporting long-term planning for an owner-occupied or investor buyer.
The property is located just outside the Fishtown market in the Norris Square/West Kensington hyper-development zone. It is close to Center City, Norris Square Park, and Towey’s Playground, with nearby restaurants, shops, and bars. It is also within walking distance of Evil Genius Brewery and Human Robot, and is near Temple University and public transit.
A full tax abatement is listed through 2032, supporting long-term planning for an owner-occupied or investor buyer.
Key Highlights
- Full tax abatement through 2032
- Three‑unit property built in 2019
- Each unit includes a washer and dryer
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 | $101.9k | $25.80 |
| − Vacancy | −$5.6k | −$1.42 |
| EGI | $96.3k | $24.38 |
| − OpEx | −$28.9k | −$7.31 |
| NOI | $67.4k | $17.06 |
3,951 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$963.2K
$842.8K – $1.12M
NOI $67,423 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$887.8K
$776.8K – $1.04M
NOI $62,147 @ 7.0% cap · market cap 6.91%
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
FAQs
What type of property is this?
Triplex - Three-unit property with in-unit washer and dryer, modern kitchens, high ceilings, and private exterior space.
Where is this triplex located?
The property is located at 321 W BERKS STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Full tax abatement through 2032; Three‑unit property built in 2019; Each unit includes a washer and dryer
