Three-Unit Brick
For Sale
$329,000
453 E INDIANA Avenue, Philadelphia, PA 19134
Multi-Family, PHILADELPHIA, PA
Property Size1,120 SF
Lot Size0.02 Acres
Price / SF$293.75
Days on Market23
Property Features for 453 E INDIANA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Subdivision
KENSINGTON
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Special listing conditions
In Foreclosure
Standard status
Active
Size
1,120 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1198
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Building Details
Year built
1920
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
SJI Jackson Realty, LLC
(856) 662-6565
Listed By:
Nicole Martorano · License #RS351720
(856) 718-4372
Added: Sep 30
Changed: Oct 21
Last Checked: Oct 22 at 2:06AM
MLS# PAPH2675058
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.
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Investment Insights
Based on property information with market context.
This 1,120-square-foot brick triplex contains three apartments: one two-bedroom, one-bath unit and two one-bedroom, one-bath units. Laminate flooring and modern finishes are noted throughout. The first- and second-floor apartments are occupied; the third-floor one-bedroom is vacant. The property was built in 1920 on a 0.0177-acre lot.
Heating is electric baseboard, cooling is provided by window units, and parking is on street.
Heating is electric baseboard, cooling is provided by window units, and parking is on street.
Key Highlights
- Three apartments: one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units
- 1,120 square feet on a 0.0177‑acre lot
- First- and second‑floor units occupied; third‑floor 1‑bedroom unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,113
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,260
$382.3K
Cap Rate 7%
$273,043
$273.0K
Cap Rate 9%
$212,367
$212.4K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$28.9K $25.80/SF
− Vacancy
−$1.6K −$1.42/SF
EGI
$27.3K $24.38/SF
− OpEx
−$8.2K −$7.31/SF
NOI
$19.1K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,260
Cap Rate 7%
$273,043
Cap Rate 9%
$212,367
Alternative Uses
Best Use
Multifamily LT 5
$273.0K
$238.9K – $318.6K
NOI $19,113 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$251.7K
$220.2K – $293.6K
NOI $17,617 @ 7.0% cap · market cap 5.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A vacant third-floor apartment complements two occupied units in this residential income property.
Where is this triplex located?
The property is located at 453 E INDIANA Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Three apartments: one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units; 1,120 square feet on a 0.0177‑acre lot; First- and second‑floor units occupied; third‑floor 1‑bedroom unit vacant
