Legal Triplex with Separate
For Sale
$549,000
523 DICKINSON STREET, Philadelphia, PA 19147
Three residential units provide an income-producing configuration with flexible occupancy options and individually metered utilities.
Property Size2,286 SF
Days on Market52
Property Features for 523 DICKINSON STREET
General Information
Standard status
Active
Size
2,286 SF
Property subtype
Triplex
Site & Location
Neighborhood
Dickinson Narrows
Public Transit
Yes
Additional Details
Asking Price
$549,000
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,100
Building Details
Building Size
2,286 SF
Year Built
1915
Listing Agency:
EXIT Elevate Realty
Listed By:
Alex Lam · License #Rs351449
(267) 307-6347
Source:
Patmckennarealtors
Added: Sep 2
Changed: Oct 21
Last Checked: Oct 23 at 2:54PM
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 EXIT Elevate Realty
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Investment Insights
Based on property information with market context.
Located at 523 Dickinson Street in Philadelphia, this legal triplex contains three residential units and was built in 1915. Separate utility meters serve the units, supporting distinct utility management across the property. The first-floor apartment is occupied, while the second- and third-floor apartments are vacant and available for lease-up or owner occupancy.
The property is in the 19147 ZIP code, with access to Center City, Passyunk Square, shopping, restaurants, public transportation, and major roadways. Its three-unit layout accommodates an investor seeking a multifamily asset or a buyer interested in combining residence with rental use. The existing occupancy and two vacant units create a varied operating configuration without changing the property's established triplex design.
The property is in the 19147 ZIP code, with access to Center City, Passyunk Square, shopping, restaurants, public transportation, and major roadways. Its three-unit layout accommodates an investor seeking a multifamily asset or a buyer interested in combining residence with rental use. The existing occupancy and two vacant units create a varied operating configuration without changing the property's established triplex design.
Key Highlights
- Legal triplex with 3 residential units
- Separate utility meters for each unit
- First‑floor unit is currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,010
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,200
$780.2K
Cap Rate 7%
$557,286
$557.3K
Cap Rate 9%
$433,444
$433.4K
Market Conditions
NOI Build-Up for 2,286 SF
Gross rent
$59.0K $25.80/SF
− Vacancy
−$3.2K −$1.42/SF
EGI
$55.7K $24.38/SF
− OpEx
−$16.7K −$7.31/SF
NOI
$39.0K $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%
$780,200
Cap Rate 7%
$557,286
Cap Rate 9%
$433,444
Alternative Uses
Best Use
Multifamily LT 5
$557.3K
$487.6K – $650.2K
NOI $39,010 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$513.7K
$449.5K – $599.3K
NOI $35,958 @ 7.0% cap · market cap 6.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,807
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units provide an income-producing configuration with flexible occupancy options and individually metered utilities.
Where is this triplex located?
The property is located at 523 DICKINSON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Legal triplex with 3 residential units; Separate utility meters for each unit; First‑floor unit is currently occupied
