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Partially Renovated Triplex
For Sale
$225,000

724 N 43RD ST, Philadelphia, PA 19104

Roof, framing, and electrical improvements are underway, with additional build-out required before completion.

Property Size3,897 SF
Price / SF$57.74
Days on Market56

Property Features for 724 N 43RD ST

General Information

Standard status Active
Size 3,897 SF
Property subtype Multi-family

Property Condition

Severity Major Repairs Needed
Evidence open L&I violations
Listing Agency: Compass
Listed By: Sumeet Malik
Source: Hostetterrealty
Added: Aug 28 Changed: Oct 6 Last Checked: Oct 20 at 8:33PM

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 Compass

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Investment Insights

Based on property information with market context.

This 3,897-square-foot triplex property, built in 1925, is undergoing renovation with roof replacement, framing work, and electrical improvements started. The remaining build-out and correction of open L&I violations will be the buyer’s responsibility. The property is being offered in its current condition, and cash or rehab financing is preferred.

Located near Drexel University and the University of Pennsylvania in Philadelphia’s University City area, the property offers a partially completed residential income asset with a prior triplex zoning history. Buyers should independently confirm current zoning and permitted use with the City before proceeding.

Key Highlights

  • 3,897 SF triplex property built in 1925
  • Renovation underway, including roof, framing, and electrical work
  • Buyer to complete remaining build‑out

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

2,982
Businesses Nearby

Demographics for 19104, PA

56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Roof, framing, and electrical improvements are underway, with additional build-out required before completion.
Where is this triplex located?
The property is located at 724 N 43RD ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3,897 SF triplex property built in 1925; Renovation underway, including roof, framing, and electrical work; Buyer to complete remaining build‑out
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