Three-Unit Property with Rooftop
751 S 17TH STREET, Philadelphia, PA 19146
For Sale
New
$1,475,000
Two residences have active leases, while the third offers flexibility for an owner-occupant.
Property Size2,853 SF
Price / SF$516
Days on Market3
Property Features for 751 S 17TH STREET
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Asking Price
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
rooftop deck
Accessible Doors
Central Air, Electric
Natural Gas, Central
Finished
Electric Water Heater
City
On Street
Other
Building Details
Building Size
Year Built
Stories
Listing Agency:
KW Empower
Listed By:
Monique Perri · License PA RS347447
(267) 269-7920
Source:
Evrealestate
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 10 at 8:30AM
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 KW Empower
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Investment Insights
Based on property information with market context.
Built in 2019, this three-unit property has updated interiors and a modern exterior. A rooftop deck offers views of the Philadelphia skyline. Two units are leased through June 2027 and generate rental income; the remaining residence can accommodate an owner-occupant. The property also has five years remaining on its tax abatement.
Located in Philadelphia’s Graduate Hospital neighborhood, the property is near South Street, Rittenhouse Square, restaurants, and shops.
Located in Philadelphia’s Graduate Hospital neighborhood, the property is near South Street, Rittenhouse Square, restaurants, and shops.
Key Highlights
- Three residential units in a building completed in 2019
- Two leased units generate rental income, with leases extending through June 2027
- Rooftop deck with views of the Philadelphia skyline
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,686
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$973,720
$973.7K
Cap Rate 7%
$695,514
$695.5K
Cap Rate 9%
$540,956
$541.0K
Market Conditions
NOI Build-Up for 2,853 SF
Gross rent
$73.6K $25.80/SF
− Vacancy
−$4.1K −$1.42/SF
EGI
$69.6K $24.38/SF
− OpEx
−$20.9K −$7.31/SF
NOI
$48.7K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$973,720
Cap Rate 7%
$695,514
Cap Rate 9%
$540,956
Alternative Uses
Best Use
Multifamily LT 5
$695.5K
$608.6K – $811.4K
NOI $48,686 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$641.1K
$561.0K – $747.9K
NOI $44,876 @ 7.0% cap · market cap 3.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,636
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Philadelphia, PA
Properties on Market for Triplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two residences have active leases, while the third offers flexibility for an owner-occupant.
Where is this triplex located?
The property is located at 751 S 17TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Three residential units in a building completed in 2019; Two leased units generate rental income, with leases extending through June 2027; Rooftop deck with views of the Philadelphia skyline
