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Triplex Apartment Building
For Sale
$224,900

3424 N 23RD Street, Philadelphia, PA 19140

Multi-Family, PHILADELPHIA, PA

Property Size2,306 SF
Lot Size0.04 Acres
Price / SF$97.53
Days on Market157

Property Features for 3424 N 23RD Street

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Parking features On Street
Subdivision NICETOWN-TIOGA
Elementary school district PHILADELPHIA CITY
Middle school district PHILADELPHIA CITY
High school district PHILADELPHIA CITY
Standard status Active
Size 2,306 SF
Lot size 0.04 Acres

Taxes and HOA fees

Tax Annual Amount 3075

Utilities

Heating system Other (Heating)

Building Details

Year built 1940
Number of units 3
Building materials Masonry
Listing Agency: RE/MAX Access · RE/MAX International
Listed By: Melissa Purnell · License #AB068639
Added: Mar 27 Changed: Aug 19 Last Checked: Aug 30 at 6:06AM
MLS# PAPH2600364

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.

Investment Insights

Based on property information with market context.

This three-story, three-unit walk-up triplex offers a straightforward residential income configuration with three large one-bedroom apartments. The building is described as well maintained, including major systems, and is in move-in condition. While units may benefit from cosmetic updates such as paint and flooring, the property is positioned for immediate occupancy and continued use as a rental asset.

The property is located at 3424 N 23rd Street in Philadelphia, PA 19140. Public remarks note it sits in a neighborhood described as tucked away, just off Hunting Park Avenue, with easy access to Roosevelt Boulevard and Broad Street. The lot size is listed at 0.0353 acres, and the building size is listed at 2,306 square feet.

For prospective buyers or operators, this triplex format can appeal to those seeking a manageable, owner-occupied or small-portfolio residential income property with three separate one-bedroom units. With major systems reported as well maintained and units otherwise in move-in condition, the practical focus is on routine turnover and light cosmetic improvements to align finishes across the apartments.

Key Highlights

  • Greater than 11% return on investment.
  • Well‑maintained major systems.
  • Three large 1‑bedroom units.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Accounting Firm Acupuncture Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,099
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-story, three-unit walk-up with well-maintained major systems and move-in-ready one-bedroom apartments.
Where is this triplex located?
The property is located at 3424 N 23RD Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Greater than 11% return on investment.; Well‑maintained major systems.; Three large 1‑bedroom units.
More about this property
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