Renovated Triplex with 10
For Sale
$699,000
3412 N 19th St, Philadelphia, PA 19140
Updated units offer modern finishes, individual utility meters, laundry hookups, and heating and cooling through mini-split systems.
Property Size3,936 SF
Price / SF$177.59
Days on Market69
Property Features for 3412 N 19th St
General Information
Standard status
Active
Size
3,936 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
RE/MAX Properties
Listed By:
Yeisson Rafael Tena-Figuereo · License #RS319964
(215) 254-0039
Source:
Upgradebymichaud
Added: Aug 7
Changed: Oct 4
Last Checked: Oct 13 at 12:14AM
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 RE/MAX Properties
Investment Insights
Based on property information with market context.
This renovated triplex contains 3,936 square feet and includes 10 separate garages, adding substantial enclosed storage to the property. The garage and lot area are secured by an electric motor-powered rolling gate with remote access, supplemented by a side entry door. Each residential unit includes stainless steel appliances, granite countertops, subway tile backsplashes, modern metal railings, and extensive closet space. The first- and second-floor units each have 2 full bathrooms with tile finishes.
All three units provide laundry hookups, ceiling fans in every bedroom, and energy-efficient mini-split systems for heating and cooling. Separate electric and water meters serve each unit. Fire alarm and fire suppression systems are also installed.
All three units provide laundry hookups, ceiling fans in every bedroom, and energy-efficient mini-split systems for heating and cooling. Separate electric and water meters serve each unit. Fire alarm and fire suppression systems are also installed.
Key Highlights
- Renovated triplex with 3,936 square feet
- 10 separate garages provide enclosed storage
- Electric motor‑powered rolling gate with remote access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,911
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,238,220
$1.2M
Cap Rate 7%
$884,443
$884.4K
Cap Rate 9%
$687,900
$687.9K
Market Conditions
NOI Build-Up for 3,936 SF
Gross rent
$119.5K $30.36/SF
− Vacancy
−$6.9K −$1.76/SF
EGI
$112.6K $28.60/SF
− OpEx
−$50.7K −$12.87/SF
NOI
$61.9K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,238,220
Cap Rate 7%
$884,443
Cap Rate 9%
$687,900
Alternative Uses
Best Use
Multifamily LT 5
$959.5K
$839.6K – $1.12M
NOI $67,167 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$884.4K
$773.9K – $1.03M
NOI $61,911 @ 7.0% cap · market cap 8.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Updated units offer modern finishes, individual utility meters, laundry hookups, and heating and cooling through mini-split systems.
Where is this triplex located?
The property is located at 3412 N 19th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Renovated triplex with 3,936 square feet; 10 separate garages provide enclosed storage; Electric motor‑powered rolling gate with remote access
