Fully Occupied Triplex with Roof
741 S 3RD STREET Philadelphia, PA 19147
For Sale
$1,150,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,826 SF
Price / SF$406.94
Days on Market22
Property Features for 741 S 3RD STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Active
- Size
- 2,826 SF
Building Details
- Year built
- 1915
Listing Agency:
BHHS Fox & Roach Center City-Society Hill
(215) 627-6005
Listed By:
Gregory J. Damis · License #RS153011A
(484) 324-8326
Added: Jul 2
Changed: Jul 23
Last Checked: Jul 23 at 1:06PM
MLS# PAPH2642970
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
This fully occupied triplex includes three 2-bedroom, 1-bath units. Each unit offers a spacious living room, hardwood floors, stainless steel appliances, and in-unit laundry, with large windows that bring in natural light. The third-floor unit includes a walk-up to the roof, where a roof deck could be built, and the first-floor unit has a small patio area off the kitchen.
Basement access is from the outside sidewalk, and the basement includes a full bathroom. The basement layout provides potential to be converted into an additional unit or reconnected to the first-floor unit to create a larger residence or an owner’s suite.
Tenants split the water bill and pay their own full electric and gas bills. No same-day showings are available.
Basement access is from the outside sidewalk, and the basement includes a full bathroom. The basement layout provides potential to be converted into an additional unit or reconnected to the first-floor unit to create a larger residence or an owner’s suite.
Tenants split the water bill and pay their own full electric and gas bills. No same-day showings are available.
Key Highlights
- Fully occupied 3‑unit triplex (built 1915) with three 2‑bedroom, 1‑bath units
- Each unit features hardwood floors, stainless steel appliances, and in‑unit laundry
- Units receive natural light from large windows; first‑floor unit includes a small patio off the kitchen
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 | $72.9k | $25.80 |
| − Vacancy | −$4.0k | −$1.42 |
| EGI | $68.9k | $24.38 |
| − OpEx | −$20.7k | −$7.31 |
| NOI | $48.2k | $17.06 |
2,826 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$688.9K
$602.8K – $803.8K
NOI $48,225 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$635.0K
$555.7K – $740.9K
NOI $44,452 @ 7.0% cap · market cap 3.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Fully occupied triplex with three 2-bedroom units featuring in-unit laundry and basement access.
Where is this triplex located?
The property is located at 741 S 3RD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Fully occupied 3‑unit triplex (built 1915) with three 2‑bedroom, 1‑bath units; Each unit features hardwood floors, stainless steel appliances, and in‑unit laundry; Units receive natural light from large windows; first‑floor unit includes a small patio off the kitchen
