Separately Metered Garage-Front
New
For Sale
$525,000
678 N 15TH STREET, Philadelphia, PA 19130
Three residences provide in-unit laundry, private outdoor areas, and distinct interior layouts.
Property Size1,851 SF
Days on Market2
Property Features for 678 N 15TH STREET
General Information
Standard status
Active
Size
1,851 SF
Property subtype
Triplex
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,931
Building Details
Building Size
1,851 SF
Year Built
1925
Buildings
1
Listing Agency:
KW Empower
(215) 275-0800
Listed By:
Stuart C Cohen · License #RS154730A
(215) 275-0800
Source:
Patmckennarealtors
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 6:10AM
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 1925 triplex contains three separately metered one-bedroom, one-bathroom residences. Two units are occupied and one is vacant. Each apartment includes in-unit laundry and private outdoor space, with configurations that vary from garage-front access to rear or front balconies. Unit 1 features a living room, dining area, kitchen with dishwasher, full bathroom, loft storage, laundry closet, and patio. Unit 2 includes an open kitchen, separate laundry room, walk-in closet, and balcony. Unit 3 offers a more open arrangement with a front balcony.
The property is located just off Fairmount Ave, near restaurants, shops, and entertainment. Whole Foods, Target, and Giant are nearby, along with public transit, Broad St, Community College of Philadelphia, the Philadelphia Museum of Art, and the Schuylkill River Trail. The location carries a Walk Score of 93.
The property is located just off Fairmount Ave, near restaurants, shops, and entertainment. Whole Foods, Target, and Giant are nearby, along with public transit, Broad St, Community College of Philadelphia, the Philadelphia Museum of Art, and the Schuylkill River Trail. The location carries a Walk Score of 93.
Key Highlights
- Three 1‑bedroom, 1‑bathroom units, each with in‑unit laundry and private outdoor space
- Separately metered triplex with two occupied units and one vacant unit
- 1925 construction
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 | $47.8k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $45.1k | $24.38 |
| − OpEx | −$13.5k | −$7.31 |
| NOI | $31.6k | $17.06 |
1,851 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$451.2K
$394.8K – $526.5K
NOI $31,587 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$415.9K
$363.9K – $485.3K
NOI $29,115 @ 7.0% cap · market cap 5.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences provide in-unit laundry, private outdoor areas, and distinct interior layouts.
Where is this triplex located?
The property is located at 678 N 15TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bathroom units, each with in‑unit laundry and private outdoor space; Separately metered triplex with two occupied units and one vacant unit; 1925 construction
