3-Unit Triplex with Finished
For Sale
$920,000
641 N 11TH STREET, Philadelphia, PA 19123
Shared laundry and on-street parking serve this 2022 masonry property on a compact Philadelphia lot.
Property Size3,025 SF
Lot Size0.03 Acres
Price / SF$304.13
Days on Market13
Property Features for 641 N 11TH STREET
General Information
Standard status
Active
Size
3,025 SF
Lot size
0.03 Acres
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$2,208
Amenities
shared laundry facilities
Building Details
Building Size
3,025 SF
Year Built
2022
Construction
masonry
Listing Agency:
Panphil Realty, LLC
Listed By:
Meng Z Wu · License #RS365029
(215) 715-3711
Source:
Patmckennarealtors
Added: Oct 11
Changed: Oct 21
Last Checked: Oct 21 at 3:17AM
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 Panphil Realty, LLC
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Investment Insights
Based on property information with market context.
This 3-unit, end-of-row property contains 3,025 square feet and was built in 2022. Masonry construction and a fully finished basement are among its physical features. Shared laundry is available to residents, and parking is on the street. The property occupies a 0.03-acre lot in Philadelphia. No association fees are reported.
Key Highlights
- 3,025‑square‑foot triplex
- Three‑unit property built in 2022
- Fully finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,621
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,420
$1.0M
Cap Rate 7%
$737,443
$737.4K
Cap Rate 9%
$573,567
$573.6K
Market Conditions
NOI Build-Up for 3,025 SF
Gross rent
$78.0K $25.80/SF
− Vacancy
−$4.3K −$1.42/SF
EGI
$73.7K $24.38/SF
− OpEx
−$22.1K −$7.31/SF
NOI
$51.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,420
Cap Rate 7%
$737,443
Cap Rate 9%
$573,567
Alternative Uses
Best Use
Multifamily LT 5
$737.4K
$645.3K – $860.4K
NOI $51,621 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$679.7K
$594.8K – $793.0K
NOI $47,582 @ 7.0% cap · market cap 5.17%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
4,152
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
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 - Shared laundry and on-street parking serve this 2022 masonry property on a compact Philadelphia lot.
Where is this triplex located?
The property is located at 641 N 11TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: 3,025‑square‑foot triplex; Three‑unit property built in 2022; Fully finished basement
