Three-Unit Residential Income
New
For Sale
$500,000
7111 Rising Sun Ave, Philadelphia, PA 19111
Well-maintained triplex features three distinct units with separate utilities, original hardwood floors, and a basement with potential expansion.
Property Size2,700 SF
Price / SF$185.19
Days on Market3
Property Features for 7111 Rising Sun Ave
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
8
Amenities
original hardwood flooring
ceramic tile bathrooms
laundry access
covered front porch
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
Re/Max One Realty
(215) 953-8800
Listed By:
Matthew J Albright · License #RS314993
Source:
Kandorre
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 30 at 8:59AM
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 Re/Max One Realty
Investment Insights
Based on property information with market context.
This well-maintained triplex in Northeast Philadelphia offers three distinct units within the main residence, each with its own separate utilities. The homes include original hardwood flooring, ceramic tile bathrooms, and convenient laundry access. A spacious basement provides the opportunity to create an additional fourth unit, expanding the property’s income potential.
Outdoor and parking amenities include a private driveway with space for six vehicles and a two-car detached garage. The detached garage is equipped with heat, electricity, and water, and can support storage, a workshop, or additional income use. The property also includes a covered front porch.
The home is described as fully move-in ready, with access to public transportation and local shopping and dining in a well-established community.
Outdoor and parking amenities include a private driveway with space for six vehicles and a two-car detached garage. The detached garage is equipped with heat, electricity, and water, and can support storage, a workshop, or additional income use. The property also includes a covered front porch.
The home is described as fully move-in ready, with access to public transportation and local shopping and dining in a well-established community.
Key Highlights
- Well‑maintained mixed‑use triplex (3 units) with separate utilities for each unit
- Year built 1925 with original hardwood flooring and ceramic tile bathrooms
- Spacious basement offers potential to create a fourth unit
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 | $53.5k | $19.80 |
| − Vacancy | −$1.7k | −$0.62 |
| EGI | $51.8k | $19.18 |
| − OpEx | −$15.5k | −$5.75 |
| NOI | $36.3k | $13.43 |
2,700 SF · lease $19.80/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$517.9K
$453.1K – $604.2K
NOI $36,251 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$477.6K
$417.9K – $557.2K
NOI $33,430 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$818.6K
$716.3K – $955.1K
NOI $57,303 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
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 - Well-maintained triplex features three distinct units with separate utilities, original hardwood floors, and a basement with potential expansion.
Where is this triplex located?
The property is located at 7111 Rising Sun Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Well‑maintained mixed‑use triplex (3 units) with separate utilities for each unit; Year built 1925 with original hardwood flooring and ceramic tile bathrooms; Spacious basement offers potential to create a fourth unit
