Renovated Three-Unit
New
For Sale
$675,000
711 W THOMPSON STREET, Philadelphia, PA 19122
Three two-bedroom residences have separate utility meters, with wheelchair access in the ground-floor unit.
Property Size3,360 SF
Price / SF$198.53
Days on Market6
Property Features for 711 W THOMPSON STREET
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Furnished
No
Taxes and HOA fees
Annual Taxes
$8,502
Building Details
Building Size
3,360 SF
Year Built
1900
Year Renovated
2026
Buildings
1
Listing Agency:
OCF Realty LLC - Philadelphia
Listed By:
Jahlil N Edwards · License #RS338180
(267) 808-2653
Source:
Patmckennarealtors
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 11:45PM
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 OCF Realty LLC - Philadelphia
Investment Insights
Based on property information with market context.
This three-unit residential property contains approximately 3,400 square feet, with each apartment offering two bedrooms and one full bathroom. The building dates to 1900 and underwent a comprehensive renovation and rebuild in 2017 with architect oversight. The ground-floor residence is wheelchair accessible, and the property is described as ADA compliant. Utilities are separately metered for each unit.
The property is one block from Girard Avenue and within walking distance of Northern Liberties, public transportation, bus routes, and the Market-Frankford Line. I-76 and I-95 are each less than a five-minute drive away.
The property is one block from Girard Avenue and within walking distance of Northern Liberties, public transportation, bus routes, and the Market-Frankford Line. I-76 and I-95 are each less than a five-minute drive away.
Key Highlights
- Three units, each with 2 bedrooms and 1 full bathroom
- Approximately 3,400 square feet of living space
- Separate utility meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,021
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,420
$1.2M
Cap Rate 7%
$828,871
$828.9K
Cap Rate 9%
$644,678
$644.7K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$87.7K $25.80/SF
− Vacancy
−$4.8K −$1.42/SF
EGI
$82.9K $24.38/SF
− OpEx
−$24.9K −$7.31/SF
NOI
$58.0K $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%
$1,160,420
Cap Rate 7%
$828,871
Cap Rate 9%
$644,678
Alternative Uses
Best Use
Multifamily LT 5
$828.9K
$725.3K – $967.0K
NOI $58,021 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$764.0K
$668.5K – $891.3K
NOI $53,480 @ 7.0% cap · market cap 7.92%
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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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences have separate utility meters, with wheelchair access in the ground-floor unit.
Where is this triplex located?
The property is located at 711 W THOMPSON 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 units, each with 2 bedrooms and 1 full bathroom; Approximately 3,400 square feet of living space; Separate utility meters for each unit
