Triplex with Separate
New
For Sale
$675,000
711 W THOMPSON Street, Philadelphia, PA 19122
Multi-Family, PHILADELPHIA, PA
Property Size3,360 SF
Lot Size0.03 Acres
Price / SF$200.89
Days on Market1
Property Features for 711 W THOMPSON Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Appliances
Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Range Hood, Oven/Range - Electric, Exhaust Fan, Washer, WaterHeater
Subdivision
OLDE KENSINGTON
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,360 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
8502
Utilities
Heating system
Central, Zoned, Other (Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
1900
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 735-7368
Listed By:
Jahlil N Edwards · License #RS338180
(267) 808-2653
Added: Oct 9
Last Checked: Oct 9 at 11:06AM
MLS# PAPH2678550
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
At 711 W Thompson Street, this masonry triplex contains three residences, each with 2 bedrooms and 1 full bathroom. The first-floor unit is wheelchair accessible, and the property is described as ADA compliant. The first- and second-floor units received new kitchens, bathrooms, HVAC systems, flooring, paint, doors and trim, plumbing, and electrical work in 2026. A broader renovation and rebuild took place in 2017 under an architect’s oversight. The building dates to 1900 and has a basement.
Utilities are separately metered. 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 less than a five-minute drive away.
Utilities are separately metered. 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 less than a five-minute drive away.
Key Highlights
- Three‑unit triplex; each residence has 2 bedrooms and 1 full bathroom
- First‑floor unit is wheelchair accessible; property is ADA compliant
- Separate utility metering
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,338
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,760
$1.1M
Cap Rate 7%
$819,114
$819.1K
Cap Rate 9%
$637,089
$637.1K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$86.7K $25.80/SF
− Vacancy
−$4.8K −$1.42/SF
EGI
$81.9K $24.38/SF
− OpEx
−$24.6K −$7.31/SF
NOI
$57.3K $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%
$1,146,760
Cap Rate 7%
$819,114
Cap Rate 9%
$637,089
Alternative Uses
Best Use
Multifamily LT 5
$819.1K
$716.7K – $955.6K
NOI $57,338 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$755.0K
$660.6K – $880.9K
NOI $52,851 @ 7.0% cap · market cap 7.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,969
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 each include one full bath, with wheelchair access on the ground level.
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‑unit triplex; each residence has 2 bedrooms and 1 full bathroom; First‑floor unit is wheelchair accessible; property is ADA compliant; Separate utility metering
