Fully Occupied Triplex with Roof
For Sale
$1,150,000
741 S 3RD STREET, Philadelphia, PA 19147
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,826 SF
Price / SF$406.94
Days on Market32
Property Features for 741 S 3RD STREET
General Information
Property type
Residential Multi Family
Property subtype
Townhouse
Subdivision
QUEEN VILLAGE
Standard status
Active
Size
2,826 SF
Building Details
Year built
1915
Listing Agency:
BHHS Fox & Roach Center City-Society Hill · Berkshire Hathaway HomeServices
(215) 627-6005
Listed By:
Gregory J. Damis · License #RS153011A
(484) 324-8326
Added: Jul 2
Changed: Jul 27
Last Checked: Aug 2 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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,605
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
