Leased Triplex with Off-Street
537 S 55TH Street, Philadelphia, PA 19143
New
MULTI_FAMILY - Victorian - PHILADELPHIA, PA
Property size:
2,655 SFLot size:
0.11 AcresPrice / SF:
$161/SF- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 537 S 55TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement, Dining Room
- Parking features
- On Street, Driveway
- 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
- 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
Building Details
- Year built
- 1925
- Number of units
- 1
- Building materials
- Masonry
- Architectural style
- Victorian
Listing agent Anthony R Castaneda License #RS325527 (267) 974-4423
Listing office Opus Elite Real Estate 16 S State Street, Newtown, PA (215) 395-6277
Listing date Jun 25, 2026
MLS# PAPH2630084
Listing URL
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.
HighLights
- Fully leased triplex with three units: two 2BR/1BA units plus one bilevel 4BR/2BA unit spanning the 2nd and 3rd floors
- Central air and forced‑air heating for year‑round comfort throughout the building
- Kitchen and bath finishes include tiled kitchens and tiled bathrooms, plus wood floors and ceiling fans in interior spaces
- Appliances included: built‑in microwave, dishwasher, electric oven/range, refrigerator, washer, and dryer
- Masonry construction with Victorian architectural style; built in 1925
- Parking includes on‑street access and a private driveway for off‑street parking
Overview
This fully leased triplex is configured as three separate units, each designed to support everyday comfort and straightforward living. Two units feature two bedrooms and one bathroom. The third unit is a spacious bilevel layout spanning the second and third floors with four bedrooms and two bathrooms. Throughout the property, units include commercial-grade laminate flooring and tiled kitchens and bathrooms, supported by central air and heating systems for year-round use. Large windows and high ceilings are incorporated across the units, helping maintain an open, bright feel.
Located at 537 S 55TH Street in Philadelphia, the property includes a private driveway that provides off-street parking convenience. The surrounding area is described as offering access to public transit, parks, and nearby local conveniences. Baltimore Avenue is noted as being within walking distance for restaurants, cafes, and shops, and Clark Park is identified as nearby for outdoor recreation and community events.
For tenants or buyers seeking an income-producing setup, this triplex is currently fully occupied, with all three units leased. The unit mix—from two-bedroom layouts to a larger bilevel—can support a range of household needs, while the established interior finishes and centrally controlled heating and cooling add continuity across the building.
Located at 537 S 55TH Street in Philadelphia, the property includes a private driveway that provides off-street parking convenience. The surrounding area is described as offering access to public transit, parks, and nearby local conveniences. Baltimore Avenue is noted as being within walking distance for restaurants, cafes, and shops, and Clark Park is identified as nearby for outdoor recreation and community events.
For tenants or buyers seeking an income-producing setup, this triplex is currently fully occupied, with all three units leased. The unit mix—from two-bedroom layouts to a larger bilevel—can support a range of household needs, while the established interior finishes and centrally controlled heating and cooling add continuity across the building.
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 | $44.3k | $16.68 |
| − Vacancy | −$3.2k | −$1.20 |
| EGI | $41.1k | $15.48 |
| − OpEx | −$12.3k | −$4.64 |
| NOI | $28.8k | $10.83 |
2,655 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$410.9K
$359.5K – $479.4K
NOI $28,762 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$365.5K
$319.8K – $426.4K
NOI $25,582 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$910.0K
$796.3K – $1.06M
NOI $63,700 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.23234
- Latitude
- 39.95176
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully leased triplex with two-bedroom units plus a four-bedroom bilevel, featuring central air and heat and private driveway 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 $429,000.
What are key features of this property?
This property features: Fully leased triplex with three units: two 2BR/1BA units plus one bilevel 4BR/2BA unit spanning the 2nd and 3rd floors; Central air and forced‑air heating for year‑round comfort throughout the building; Kitchen and bath finishes include tiled kitchens and tiled bathrooms, plus wood floors and ceiling fans in interior spaces
