503 North 40th Street Philadelphia, PA 19104
503 North 40th Street, Philadelphia, PA, 19104
$549,900
For Sale
$549,900
Triplexes
Property Size2,921 SF
Price / SF$188.26
Days on Market94
Property Features for 503 North 40th Street
General Information
- Standard status
- Active
- Size
- 2,921 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agency
Opulent Realty Group LLC
(215) 601-5182
Listed by
Seth Floyd · License #RM425920
(215) 601-5182
Source
Compass
Added: Apr 20 Updated: Jul 21 at 8:55AM Checked: Jul 22 at 8:41AM
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 Opulent Realty Group LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Fully renovated west Powelton triplex built in 1920
- Unit 1 offers 3 bedrooms and 2 bathrooms with a finished basement and private rear yard; vacant for immediate owner occupancy
- Units 2 and 3 each feature 2 bedrooms and 1 bathroom, and are currently rented under professional management
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 | $75.4k | $25.80 |
| − Vacancy | −$4.2k | −$1.42 |
| EGI | $71.2k | $24.38 |
| − OpEx | −$21.4k | −$7.31 |
| NOI | $49.8k | $17.06 |
2,921 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$712.1K
$623.1K – $830.8K
NOI $49,847 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$656.4K
$574.3K – $765.8K
NOI $45,946 @ 7.0% cap · market cap 8.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
Where is this triplex located?
The property is located at 503 North 40th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Fully renovated west Powelton triplex built in 1920; Unit 1 offers 3 bedrooms and 2 bathrooms with a finished basement and private rear yard; vacant for immediate owner occupancy; Units 2 and 3 each feature 2 bedrooms and 1 bathroom, and are currently rented under professional management
