Triplex with Private Fenced Rear
For Sale
$559,000
424 S 20TH STREET, Philadelphia, PA 19146
Fully vacant three-unit triplex with three 1-bedroom, 1-bath apartments and a fenced rear yard on the first floor.
Days on Market40
Property Features for 424 S 20TH STREET
General Information
Standard status
Active
Property subtype
Triplex
Building Details
Building Size
1,440 SF
Year Built
1800
Buildings
1
Tenancy
Multi
Listing Agency:
KW Empower
(215) 360-3236
Listed By:
David Snyder · License #RS223144L
(215) 360-3236
Source:
Patmckennarealtors
Added: Jun 23
Changed: Jul 30
Last Checked: Jul 31 at 11:10AM
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 KW Empower
Investment Insights
Based on property information with market context.
424 S 20th Street is a fully vacant triplex with three separate 1-bedroom, 1-bath units. The building is being sold as-is and is in need of some rehab, offering an investor or owner-occupant the opportunity to update and customize. The first-floor apartment includes a private fenced-in rear yard, an especially valuable outdoor feature for a city tenant or owner-occupant.
A new roof has already been completed, giving the next owner a head start on capital improvements. Built in 1800, the property’s interior includes functional living space across all three units.
Located in Philadelphia’s Rittenhouse neighborhood, the address is positioned near Rittenhouse Square and surrounded by residential, dining, and shopping options, with convenient access to Center City offices, public transit, and 30th Street Station.
A new roof has already been completed, giving the next owner a head start on capital improvements. Built in 1800, the property’s interior includes functional living space across all three units.
Located in Philadelphia’s Rittenhouse neighborhood, the address is positioned near Rittenhouse Square and surrounded by residential, dining, and shopping options, with convenient access to Center City offices, public transit, and 30th Street Station.
Key Highlights
- Fully vacant triplex with three separate 1‑bedroom, 1‑bath units
- First‑floor unit includes a private fenced‑in rear yard
- New roof completed
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 | $37.2k | $25.80 |
| − Vacancy | −$2.0k | −$1.42 |
| EGI | $35.1k | $24.38 |
| − OpEx | −$10.5k | −$7.31 |
| NOI | $24.6k | $17.06 |
1,440 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.2K – $409.6K
NOI $24,573 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$323.6K
$283.1K – $377.5K
NOI $22,651 @ 7.0% cap · market cap 4.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,619
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully vacant three-unit triplex with three 1-bedroom, 1-bath apartments and a fenced rear yard on the first floor.
Where is this triplex located?
The property is located at 424 S 20TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Fully vacant triplex with three separate 1‑bedroom, 1‑bath units; First‑floor unit includes a private fenced‑in rear yard; New roof completed
