Three-Unit Residential Income
512 South 47th Street Philadelphia, PA 19143
For Sale
$750,000
Three separate floors offer enclosed porch access to yard and basement, with recent upgrades across multiple units.
Property Size2,503 SF
Price / SF$299.64
Days on Market136
Property Features for 512 South 47th Street
General Information
- Standard status
- Active
- Size
- 2,503 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1910
Listing Agency:
BHHS Fox & Roach-Newark
(215) 880-2930
Listed By:
Elizabeth F. Campion
(215) 880-2930
Source:
Compass
Added: Mar 11
Changed: Jul 21
Last Checked: Jul 23 at 10:42AM
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 BHHS Fox & Roach-Newark
Investment Insights
Based on property information with market context.
This three-unit residential income property is configured across three floors. The first floor features the entire floor layout with an enclosed porch, along with direct access to the yard and basement. The second floor includes two bedrooms and has had recent upgrades to the kitchen and bathroom and new painting. The third floor also offers two bedrooms, with recent improvements to the kitchen and bathroom and recent total repainting. The property has separate gas boilers and gas hot water heaters located in the unfinished basement, along with large windows, wood floors, and radiant heat.
The property is located in Philadelphia County and is described as being close to SEPTA, as well as grocery options, restaurants, and other goods and services. There is no in-house laundry, and nearby laundromats are referenced at nearby corner locations.
Tenancy is currently in place with lease expirations noted for the first-floor tenant (expires 6/30/2026) and the third-floor tenant (expires 1/16/2027), while the second-floor unit is occupied by the current owner. The second and third floors are described as capable of being delivered vacant.
The property is located in Philadelphia County and is described as being close to SEPTA, as well as grocery options, restaurants, and other goods and services. There is no in-house laundry, and nearby laundromats are referenced at nearby corner locations.
Tenancy is currently in place with lease expirations noted for the first-floor tenant (expires 6/30/2026) and the third-floor tenant (expires 1/16/2027), while the second-floor unit is occupied by the current owner. The second and third floors are described as capable of being delivered vacant.
Key Highlights
- 3 separate floors with enclosed porch and direct access to the yard and basement from the first floor
- First‑floor unit: appliances include refrigerator and stove; tenant renewed for many years with lease expiring 6/30/2026
- Second‑floor unit: 2 bedrooms; occupied by current owner since 1984 with recent kitchen and bathroom upgrades and painting
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 | $41.8k | $16.68 |
| − Vacancy | −$3.0k | −$1.20 |
| EGI | $38.7k | $15.48 |
| − OpEx | −$11.6k | −$4.64 |
| NOI | $27.1k | $10.83 |
2,503 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$387.4K
$338.9K – $451.9K
NOI $27,115 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$344.5K
$301.5K – $402.0K
NOI $24,118 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$857.9K
$750.7K – $1.00M
NOI $60,053 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three separate floors offer enclosed porch access to yard and basement, with recent upgrades across multiple units.
Where is this triplex located?
The property is located at 512 South 47th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3 separate floors with enclosed porch and direct access to the yard and basement from the first floor; First‑floor unit: appliances include refrigerator and stove; tenant renewed for many years with lease expiring 6/30/2026; Second‑floor unit: 2 bedrooms; occupied by current owner since 1984 with recent kitchen and bathroom upgrades and painting
