Updated Triplex with Separate
673 N 11TH STREET Philadelphia, PA 19123
New
673 N 11TH STREET, Philadelphia, PA, 19123
$625,000
For Sale
$625,000
Updated triplex with three separately metered units, including two currently occupied and gas forced-air heat.
Property Size2,694 SF
Price / SF$231
Days on Market7
Property Features for 673 N 11TH STREET
General Information
- Standard status
- Active
- Size
- 2,694 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1915
Listing Agency
KW Empower
(215) 709-4141
Listed by
Michael R. McCann · License #AB049770L
(215) 709-4141
Source
Cummingsrealtors
Added: Jul 12 Checked: Jul 18 at 2:35 am
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
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
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 | $69.5k | $25.80 |
| − Vacancy | −$3.8k | −$1.42 |
| EGI | $65.7k | $24.38 |
| − OpEx | −$19.7k | −$7.31 |
| NOI | $46.0k | $17.06 |
2,694 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$656.8K
$574.7K – $766.2K
NOI $45,973 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$605.4K
$529.7K – $706.3K
NOI $42,375 @ 7.0% cap · market cap 6.78%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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 $625,000.
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
