Triplex with Updated
5413 North Front Street Philadelphia, PA 19120
For Sale
$349,000
Triplex in Philadelphia with newer windows, electric heat, and hot water heaters across its units.
Property Size1,515 SF
Price / SF$230.36
Days on Market340
Property Features for 5413 North Front Street
General Information
- Standard status
- Active
- Size
- 1,515 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1940
Listing Agency:
BHHS Fox & Roach-Jenkintown
(215) 301-9306
Listed By:
Paul Dougherty · License #RS333773
(215) 301-9306
Source:
Compass
Added: Aug 19, 2025
Changed: Jul 23
Last Checked: Jul 23 at 9:42AM
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-Jenkintown
Investment Insights
Based on property information with market context.
This triplex offers three residential units with updates that include newer windows, a newer electric heat system, and newer hot water heaters. The property is described as highly maintained, with all units supported by strong upkeep, and includes original charm.
The current rental setup includes a mix of bedroom configurations, with two units currently listed at $1,300 for 2BR and $1,000 for 1BR, and one 1BR unit listed as vacant. Rental terms indicate that tenants pay for electric, cable, and phone, while the owner pays for sewer/water, pest control, and lawn care.
The listing positions the property as a repositioning opportunity in the Oak Lane area within Philadelphia’s school district (Philadelphia City).
The current rental setup includes a mix of bedroom configurations, with two units currently listed at $1,300 for 2BR and $1,000 for 1BR, and one 1BR unit listed as vacant. Rental terms indicate that tenants pay for electric, cable, and phone, while the owner pays for sewer/water, pest control, and lawn care.
The listing positions the property as a repositioning opportunity in the Oak Lane area within Philadelphia’s school district (Philadelphia City).
Key Highlights
- Triplex built in 1940 in Philadelphia (Oak Lane) with original charm and “solid bones”
- Current rents: 2BR $1,300 (market $1,500); 1BR $1,000 (market $1,200); one 1BR vacant (market $1,000)
- Newer windows plus newer electric heat system and newer hot water heaters
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 | $25.3k | $16.68 |
| − Vacancy | −$1.8k | −$1.20 |
| EGI | $23.4k | $15.48 |
| − OpEx | −$7.0k | −$4.64 |
| NOI | $16.4k | $10.83 |
1,515 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$234.5K
$205.2K – $273.5K
NOI $16,412 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$208.5K
$182.5K – $243.3K
NOI $14,598 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$361.9K
$316.7K – $422.2K
NOI $25,333 @ 7.0% cap · market cap 7.26%
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 - Triplex in Philadelphia with newer windows, electric heat, and hot water heaters across its units.
Where is this triplex located?
The property is located at 5413 North Front Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Triplex built in 1940 in Philadelphia (Oak Lane) with original charm and “solid bones”; Current rents: 2BR $1,300 (market $1,500); 1BR $1,000 (market $1,200); one 1BR vacant (market $1,000); Newer windows plus newer electric heat system and newer hot water heaters
