Well-Maintained Triplex
528 W Berks Street Philadelphia, PA 19122
For Sale
$1,000,000
Well-maintained triplex with updated finishes, modern kitchens, and functional layouts, offering income potential with tax abatement.
Property Size3,000 SF
Price / SF$333.33
Days on Market68
Property Features for 528 W Berks Street
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2023
Listing Agency:
United Properties Realty
(267) 243-5353
Listed By:
Michael Kuldiner · License #RM421756
Source:
Deepcreeklake
Added: May 18
Changed: Jul 20
Last Checked: Jul 23 at 7:57AM
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 United Properties Realty
Investment Insights
Based on property information with market context.
This well-maintained triplex offers spacious living areas with functional layouts, generously sized bedrooms, and well-appointed bathrooms. The unit interiors feature updated finishes, modern kitchens, and abundant natural light, supporting comfortable day-to-day living.
Located in Philadelphia’s Temple University area, the property provides convenient access to Temple University, public transportation, major roadways, as well as nearby restaurants, shopping, and neighborhood amenities.
The transaction is presented as a turnkey investment opportunity, with 6 years remaining on the tax abatement.
Located in Philadelphia’s Temple University area, the property provides convenient access to Temple University, public transportation, major roadways, as well as nearby restaurants, shopping, and neighborhood amenities.
The transaction is presented as a turnkey investment opportunity, with 6 years remaining on the tax abatement.
Key Highlights
- Triplex built in 2023 in Philadelphia’s Temple University area
- Well‑maintained with updated finishes and functional layouts
- Modern kitchens and well‑appointed bathrooms
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 | $77.4k | $25.80 |
| − Vacancy | −$4.3k | −$1.42 |
| EGI | $73.1k | $24.38 |
| − OpEx | −$21.9k | −$7.31 |
| NOI | $51.2k | $17.06 |
3,000 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$731.4K
$639.9K – $853.3K
NOI $51,195 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$674.1K
$589.9K – $786.5K
NOI $47,189 @ 7.0% cap · market cap 4.72%
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
FAQs
What type of property is this?
Triplex - Well-maintained triplex with updated finishes, modern kitchens, and functional layouts, offering income potential with tax abatement.
Where is this triplex located?
The property is located at 528 W Berks Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Triplex built in 2023 in Philadelphia’s Temple University area; Well‑maintained with updated finishes and functional layouts; Modern kitchens and well‑appointed bathrooms
