500 E THELMA Street Philadelphia, PA 19120
MULTI_FAMILY - Colonial - PHILADELPHIA, PA
Property Features for 500 E THELMA Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- Size
- 1,200 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2581
Utilities
- Cooling system
- Multi Units
Building Details
- Year built
- 1940
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Colonial
Listing agent Kurt C Werner License #RB066221 (215) 885-8900
Listing office RE/MAX Keystone 836 Easton Road, Glenside, PA (215) 885-8900
Listing date Jun 29, 2026
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.
Located at 500 E THELMA Street in Philadelphia (19120), the property is described as convenient to public transportation, shopping, schools, and major commuter routes, supporting straightforward daily access for tenants.
The unit mix and separate utilities make this building practical for owners seeking reduced day-to-day complexity while accommodating multiple household types. For an owner-occupant, the layout provides the option to live in one unit while renting the others, and the updated condition and outdoor features are intended to support an easier move-in experience for new residents.
Key Highlights
- Turnkey triplex with three apartments: 1BD lower level, 1BD second‑floor, and 2BD third‑floor
- Separate utilities for each unit to simplify property management and support rental flexibility
- Recent outdoor improvements include a brand‑new front patio and a newly constructed private deck for the first‑floor apartment
Local 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 | $20.0k | $16.68 |
| − Vacancy | −$1.4k | −$1.20 |
| EGI | $18.6k | $15.48 |
| − OpEx | −$5.6k | −$4.64 |
| NOI | $13.0k | $10.83 |
