Updated Triplex with
For Sale
$1,050,000
767 S 15TH STREET, Philadelphia, PA 19146
Refreshed apartments offer hardwood and tile finishes, modernized kitchens and baths, and in-unit laundry.
Property Size2,776 SF
Days on Market176
Property Features for 767 S 15TH STREET
General Information
Standard status
Active
Size
2,776 SF
Property subtype
Triplex
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$11,948
Building Details
Building Size
2,776 SF
Year Built
1915
Buildings
1
Tenancy
Multi
Listing Agency:
KW Empower
(215) 709-4141
Listed By:
Michael R. McCann · License #AB049770L
(215) 709-4141
Source:
Patmckennarealtors
Added: Feb 9
Changed: Aug 2
Last Checked: Aug 3 at 11:30AM
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
Investment Insights
Based on property information with market context.
Built in 1915, this three-unit residential property includes one three-bedroom, two-bath apartment and two two-bedroom, one-bath apartments. Interior features include hardwood and tile flooring, updated kitchen and bathroom areas, and laundry facilities within each unit. Parking is available, and the garage is currently configured for storage.
The property is located at 767 S 15th Street in Philadelphia’s Graduate Hospital area, near shopping, restaurants, public transportation, and the Center City business district. The combination of three separate apartments, refreshed interiors, and on-site parking creates a clearly defined multifamily configuration.
The property is located at 767 S 15th Street in Philadelphia’s Graduate Hospital area, near shopping, restaurants, public transportation, and the Center City business district. The combination of three separate apartments, refreshed interiors, and on-site parking creates a clearly defined multifamily configuration.
Key Highlights
- Three‑unit configuration with one 3‑bedroom apartment and two 2‑bedroom apartments
- Each residence includes in‑unit laundry
- Updated kitchens and baths throughout the apartments
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 | $71.6k | $25.80 |
| − Vacancy | −$3.9k | −$1.42 |
| EGI | $67.7k | $24.38 |
| − OpEx | −$20.3k | −$7.31 |
| NOI | $47.4k | $17.06 |
2,776 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$676.7K
$592.2K – $789.5K
NOI $47,372 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$623.8K
$545.8K – $727.8K
NOI $43,665 @ 7.0% cap · market cap 4.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
26,467
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Refreshed apartments offer hardwood and tile finishes, modernized kitchens and baths, and in-unit laundry.
Where is this triplex located?
The property is located at 767 S 15TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Three‑unit configuration with one 3‑bedroom apartment and two 2‑bedroom apartments; Each residence includes in‑unit laundry; Updated kitchens and baths throughout the apartments
