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Partially Renovated Triplex
New
For Sale
$225,000

724 N 43RD STREET, 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 Market7

Property Features for 724 N 43RD STREET

General Information

Standard status Active
Size 3,897 SF
Property subtype Triplex

Property Condition

Severity Major Repairs Needed
Evidence open L&I violations

Building Details

Year Built 1925
Listing Agency: Compass
Listed By: Sumeet Malik
Source: Cummingsrealtors
Added: Aug 25 Changed: Aug 29 Last Checked: Aug 30 at 4:45PM

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 Compass

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

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Plumbing Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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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 STREET 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
More about this property
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