Victorian
For Sale
Under Contract
$675,000
608 S 48TH Street, Philadelphia, PA 19143
Multi-Family, PHILADELPHIA, PA
Property Size3,450 SF
Lot Size0.05 Acres
Price / SF$195.65
Days on Market44
Property Features for 608 S 48TH Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Subdivision
CEDAR PARK
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Special listing conditions
In Foreclosure
Standard status
Active Under Contract
Size
3,450 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9806
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1925
Number of units
3
Building materials
Masonry
Architectural style
Victorian
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Marcia Hurt · License #RS285848
(215) 681-3404
Added: Sep 10
Changed: Oct 21
Last Checked: Oct 23 at 12:06AM
MLS# PAPH2669582
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.
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Investment Insights
Based on property information with market context.
Built in 1925, this masonry Victorian contains three apartments across 3,450 square feet, with a basement. Interior updates include kitchens with stainless steel appliances, refreshed bathrooms, new flooring, and fresh paint. Heating is forced air, cooling is central, and parking is on street.
At 608 S 48th Street in Philadelphia, the property is near Baltimore Avenue, Clark Park, dining, cafés, trolley service, and University City. The lot measures 0.0536 acres.
At 608 S 48th Street in Philadelphia, the property is near Baltimore Avenue, Clark Park, dining, cafés, trolley service, and University City. The lot measures 0.0536 acres.
Key Highlights
- Three apartments in a 3,450‑square‑foot building
- 0.0536‑acre lot with basement
- 1925 masonry construction in the Victorian style
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,374
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,480
$747.5K
Cap Rate 7%
$533,914
$533.9K
Cap Rate 9%
$415,267
$415.3K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$57.5K $16.68/SF
− Vacancy
−$4.2K −$1.20/SF
EGI
$53.4K $15.48/SF
− OpEx
−$16.0K −$4.64/SF
NOI
$37.4K $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 Rate 5%
$747,480
Cap Rate 7%
$533,914
Cap Rate 9%
$415,267
Alternative Uses
Best Use
Multifamily LT 5
$533.9K
$467.2K – $622.9K
NOI $37,374 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$474.9K
$415.5K – $554.0K
NOI $33,242 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,774 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,105
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
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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 apartments feature refreshed kitchens, bathrooms, flooring, and paint.
Where is this triplex located?
The property is located at 608 S 48TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Three apartments in a 3,450‑square‑foot building; 0.0536‑acre lot with basement; 1925 masonry construction in the Victorian style
