Well-Maintained Triplex with In-Unit
332 N 41ST Street, Philadelphia, PA 19104
MULTI_FAMILY - PHILADELPHIA, PA
Property size:
2,763 SFLot size:
0.03 AcresPrice / SF:
$251/SF- Added:
- May 8, 2026
- Days on Market:
- 34
- Last Refresh:
- Jun 10 at 5:06 am
Property Features for 332 N 41ST Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,763 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11339
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2013
- Number of units
- 3
- Building materials
- Masonry
Listing agent Duc Tran License #RS298300 (267) 230-4632
Listing office Realty Mark Associates 2250 Terwood Drive, Southampton, PA (215) 376-4444
Listing date May 8, 2026
MLS# PAPH2618756
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 3‑unit triplex built in 2013 in a Qualified Opportunity Zone (QOZ) in the Powelton area of University City
- Unit mix: Unit 1 is 5BR/2BA bilevel with private yard; Unit 2 is 2BR/1BA with private rear deck; Unit 3 is 2BR/1BA with private roof deck
- Each unit has separate utilities, plus in‑unit laundry, large windows, and hardwood floors
- Kitchens include stainless steel appliances, shaker‑style cabinets, granite countertops, dishwashers, garbage disposals, and microwaves
- Heating and cooling: forced‑air heating and central air; parking available on‑street
- Property qualifies for FHA limit for four‑unit buildings and Fannie Mae/Freddie Mac 5% down owner‑occupied multi‑family program
Overview
This fully leased, ground-up constructed triplex is approximately 13 years old and designed for tenant comfort and day-to-day convenience. Each unit includes hardwood floors and large windows providing natural light, plus stainless steel appliances and in-unit laundry. Kitchens feature shaker-style cabinets and granite countertops, along with dishwashers, garbage disposals, microwaves, and refrigerators. All three units have separate utilities. Unit 1 is a 5-bedroom, 2-bath bilevel with a private yard. Unit 2 offers 2 bedrooms and 1 bath with a private rear deck. Unit 3 is configured as 2 bedrooms and 1 bath with a private roof deck.
Located in the Powelton area of University City, the property is described as minutes from Drexel University, the University of Pennsylvania, and the University of the Sciences. The building sits on a quiet street while remaining steps from public transportation and University City amenities, with walk, transit, and bike scores reported as 85, 89, and 98, respectively.
The layout and separate utilities can support tenants’ preferences for autonomy while helping simplify operations for an owner. With three separate outdoor spaces and a mix of unit sizes, the property may appeal to both investors seeking a turnkey, occupied asset and owner-occupants looking to supplement occupancy with additional rental units. The listing also notes the property is within an FHA limit for four-unit buildings and aligns with Fannie Mae/Freddie Mac’s 5% down owner-occupied multi-family program.
Located in the Powelton area of University City, the property is described as minutes from Drexel University, the University of Pennsylvania, and the University of the Sciences. The building sits on a quiet street while remaining steps from public transportation and University City amenities, with walk, transit, and bike scores reported as 85, 89, and 98, respectively.
The layout and separate utilities can support tenants’ preferences for autonomy while helping simplify operations for an owner. With three separate outdoor spaces and a mix of unit sizes, the property may appeal to both investors seeking a turnkey, occupied asset and owner-occupants looking to supplement occupancy with additional rental units. The listing also notes the property is within an FHA limit for four-unit buildings and aligns with Fannie Mae/Freddie Mac’s 5% down owner-occupied multi-family program.
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 | $71.3k | $25.80 |
| − Vacancy | −$3.9k | −$1.42 |
| EGI | $67.4k | $24.38 |
| − OpEx | −$20.2k | −$7.31 |
| NOI | $47.2k | $17.06 |
2,763 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$673.6K
$589.4K – $785.8K
NOI $47,150 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$620.9K
$543.3K – $724.4K
NOI $43,461 @ 7.0% cap · market cap 6.25%
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
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.2053654
- Latitude
- 39.959797
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully leased triplex with separate utilities and in-unit laundry across three distinct units in University City.
Where is this triplex located?
The property is located at 332 N 41ST Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Fully leased 3‑unit triplex built in 2013 in a Qualified Opportunity Zone (QOZ) in the Powelton area of University City; Unit mix: Unit 1 is 5BR/2BA bilevel with private yard; Unit 2 is 2BR/1BA with private rear deck; Unit 3 is 2BR/1BA with private roof deck; Each unit has separate utilities, plus in‑unit laundry, large windows, and hardwood floors
