Victorian Triplex with Private
For Sale
$419,000
537 S 55TH Street, Philadelphia, PA 19143
MULTI_FAMILY - Victorian - PHILADELPHIA, PA
Property Size2,655 SF
Lot Size0.11 Acres
Price / SF$157.82
Days on Market50
Property Features for 537 S 55TH Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement, Dining Room
Parking features
Driveway, On Street
Interior features
Bathroom - Tub Shower, Ceiling Fan(s), Combination Kitchen/Living, Dining Area, Wood Floors
Appliances
Built-In Microwave, Dishwasher, Oven/Range - Electric, Refrigerator, Washer, Dryer
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,655 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
7165
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
central air and heating
private driveway
Building Details
Year built
1925
Number of units
1
Building materials
Masonry
Architectural style
Victorian
Listing Agency:
Opus Elite Real Estate
(215) 395-6277
Listed By:
Anthony R Castaneda · License #RS325527
(267) 974-4423
Added: Jun 25
Changed: Aug 12
Last Checked: Aug 13 at 6:06PM
MLS# PAPH2630084
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.
Built in 1925, this 2,655-square-foot masonry Victorian contains three leased residences on a 0.112-acre lot. Two apartments offer two bedrooms and one bathroom each, while the bilevel residence occupies the second and third floors with four bedrooms and two bathrooms. Interior details include commercial-grade laminate flooring, tiled kitchens and bathrooms, central air, forced-air heat, high ceilings, and large windows. A private driveway supplements on-street parking.
The property is located in Philadelphia, with public transit, parks, and neighborhood conveniences nearby. Baltimore Avenue is within walking distance and offers restaurants, cafés, and shops, while Clark Park provides green space, farmers’ markets, and community events. Kitchens include electric ranges, refrigerators, dishwashers, built-in microwaves, washers, and dryers.
The property is located in Philadelphia, with public transit, parks, and neighborhood conveniences nearby. Baltimore Avenue is within walking distance and offers restaurants, cafés, and shops, while Clark Park provides green space, farmers’ markets, and community events. Kitchens include electric ranges, refrigerators, dishwashers, built-in microwaves, washers, and dryers.
Key Highlights
- Three leased units: two 2‑bedroom/1‑bath apartments and one 4‑bedroom/2‑bath bilevel unit
- 2,655 square feet on a 0.112‑acre lot
- Victorian masonry construction completed in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,762
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,240
$575.2K
Cap Rate 7%
$410,886
$410.9K
Cap Rate 9%
$319,578
$319.6K
Market Conditions
NOI Build-Up for 2,655 SF
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.
Gross rent
$44.3K $16.68/SF
− Vacancy
−$3.2K −$1.20/SF
EGI
$41.1K $15.48/SF
− OpEx
−$12.3K −$4.64/SF
NOI
$28.8K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,240
Cap Rate 7%
$410,886
Cap Rate 9%
$319,578
Alternative Uses
Best Use
Multifamily LT 5
$410.9K
$359.5K – $479.4K
NOI $28,762 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$365.5K
$319.8K – $426.4K
NOI $25,582 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$910.0K
$796.3K – $1.06M
NOI $63,700 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,409
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully leased three-unit property with central air, updated interior finishes, and off-street parking.
Where is this triplex located?
The property is located at 537 S 55TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Three leased units: two 2‑bedroom/1‑bath apartments and one 4‑bedroom/2‑bath bilevel unit; 2,655 square feet on a 0.112‑acre lot; Victorian masonry construction completed in 1925
