Updated Triplex with Separate
For Sale
$595,000
Pending
673 N 11TH STREET, Philadelphia, PA 19123
Updated triplex with three separately metered units, including two currently occupied and gas forced-air heat.
Property Size2,694 SF
Days on Market102
Property Features for 673 N 11TH STREET
General Information
Standard status
Pending
Size
2,694 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Building Details
Year Built
1915
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Michael R. McCann · License #AB049770L
(215) 709-4141
Source:
Cummingsrealtors
Added: Jul 14
Changed: Oct 21
Last Checked: Oct 20 at 9:18PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This well-maintained, updated triplex includes three separately metered units. Two units are currently occupied. Unit 1 is an oversized two-bedroom residence with a bright living room featuring soaring ceilings and a decorative fireplace mantel, an eat-in kitchen, a full bathroom, and a second bedroom at the rear, along with a bonus room that can support a variety of uses. Unit 1 provides access to an unfinished basement and a back patio. Unit 2 is an open, sunlit studio with high ceilings, crown molding, and a decorative fireplace mantel. Unit 3 is the largest, offering a bi-level layout with four bedrooms and one bathroom, including an open living room and kitchen and two bedrooms on each level.
The property is located at 673 N 11th Street in Philadelphia, with proximity to Fairmount Avenue, Broad Street, Spring Garden Street, Northern Liberties, public transit, I-676, and Center City. The surrounding area includes restaurants, cafes, entertainment, and new construction.
Utilities are provided by gas forced-air heat and individual gas water heaters for the units.
The property is located at 673 N 11th Street in Philadelphia, with proximity to Fairmount Avenue, Broad Street, Spring Garden Street, Northern Liberties, public transit, I-676, and Center City. The surrounding area includes restaurants, cafes, entertainment, and new construction.
Utilities are provided by gas forced-air heat and individual gas water heaters for the units.
Key Highlights
- Updated triplex (built 1915) with three separately metered units—two currently occupied
- Unit 1: oversized 2BR with eat‑in kitchen, full bath, bonus room, and rear access to the unfinished basement and back patio
- Unit 2: open, sunlit studio with high ceilings, crown molding, and decorative fireplace mantel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,973
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,460
$919.5K
Cap Rate 7%
$656,757
$656.8K
Cap Rate 9%
$510,811
$510.8K
Market Conditions
NOI Build-Up for 2,694 SF
Gross rent
$69.5K $25.80/SF
− Vacancy
−$3.8K −$1.42/SF
EGI
$65.7K $24.38/SF
− OpEx
−$19.7K −$7.31/SF
NOI
$46.0K $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%
$919,460
Cap Rate 7%
$656,757
Cap Rate 9%
$510,811
Alternative Uses
Best Use
Multifamily LT 5
$656.8K
$574.7K – $766.2K
NOI $45,973 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$605.4K
$529.7K – $706.3K
NOI $42,375 @ 7.0% cap · market cap 7.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Updated triplex with three separately metered units, including two currently occupied and gas forced-air heat.
Where is this triplex located?
The property is located at 673 N 11TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Updated triplex (built 1915) with three separately metered units—two currently occupied; Unit 1: oversized 2BR with eat‑in kitchen, full bath, bonus room, and rear access to the unfinished basement and back patio; Unit 2: open, sunlit studio with high ceilings, crown molding, and decorative fireplace mantel
