3-Unit Residential
For Sale
$329,000
453 E INDIANA AVENUE, Philadelphia, PA 19134
A vacant third-floor apartment provides immediate flexibility alongside two tenant-occupied units.
Property Size1,120 SF
Price / SF$293.75
Days on Market11
Property Features for 453 E INDIANA AVENUE
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Triplex
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1920
Listing Agency:
SJI Jackson Realty, LLC
(856) 662-6565
Listed By:
Nicole Martorano · License #RS351720
(856) 718-4372
Source:
Cummingsrealtors
Added: Sep 30
Changed: Oct 7
Last Checked: Oct 9 at 11:24PM
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 SJI Jackson Realty, LLC
Investment Insights
Based on property information with market context.
This 1,120-square-foot triplex contains three apartments: one with two bedrooms and one bath, plus two one-bedroom, one-bath units. Laminate flooring runs throughout. The first- and second-floor apartments are tenant-occupied, while the third-floor apartment is vacant. The property was built in 1920 and is located at 453 E Indiana Avenue in Philadelphia.
Key Highlights
- Three residential units in a 1,120‑square‑foot building
- Unit mix: one 2‑bedroom, 1‑bath apartment and two 1‑bedroom, 1‑bath apartments
- First- and second‑floor apartments are tenant‑occupied; the third‑floor unit is 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.
Property Analytics
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Current Use
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
Check the figures for this property
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 - A vacant third-floor apartment provides immediate flexibility alongside two tenant-occupied units.
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 residential units in a 1,120‑square‑foot building; Unit mix: one 2‑bedroom, 1‑bath apartment and two 1‑bedroom, 1‑bath apartments; First- and second‑floor apartments are tenant‑occupied; the third‑floor unit is vacant
