Updated Triplex with
767 S 15TH STREET, Philadelphia, PA 19146
For Sale
$1,050,000
Refreshed apartments offer hardwood and tile finishes, modernized kitchens and baths, and in-unit laundry.
Property Size2,776 SF
Days on Market275
Property Features for 767 S 15TH STREET
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
KW Empower
Listed By:
Michael R. McCann · License PA AB049770L
(215) 709-4141
Source:
Patmckennarealtors
Added: Feb 9
Changed: Nov 7
Last Checked: Nov 10 at 2:28PM
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 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
Estimated NOI and Cap Rate
NOI / Yr
$47,372
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,440
$947.4K
Cap Rate 7%
$676,743
$676.7K
Cap Rate 9%
$526,356
$526.4K
Market Conditions
NOI Build-Up for 2,776 SF
Gross rent
$71.6K $25.80/SF
− Vacancy
−$3.9K −$1.42/SF
EGI
$67.7K $24.38/SF
− OpEx
−$20.3K −$7.31/SF
NOI
$47.4K $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%
$947,440
Cap Rate 7%
$676,743
Cap Rate 9%
$526,356
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.
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Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9,900
Businesses Nearby
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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 - 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
