Turnkey 3-Unit Income
811 North Preston Street Philadelphia, PA 19104
For Sale
$450,000
Three fully occupied residential units each include in-unit washer and dryer, with central air and updated kitchens and baths.
Property Size2,348 SF
Price / SF$191.65
Days on Market76
Property Features for 811 North Preston Street
General Information
- Standard status
- Active
- Size
- 2,348 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency:
Keller Williams Main Line
(610) 766-1682
Listed By:
Shawn Washington · License #RS316570
(610) 766-1682
Source:
Compass
Added: May 10
Changed: Jul 22
Last Checked: Jul 23 at 11:25AM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
A fully turnkey, fully occupied three-unit residential income property at 811 N. Preston Street. Completed in 2020, the building features three self-contained units, each with two bedrooms and one full bathroom. Units also include dedicated in-unit washer and dryer, updated kitchens and bathrooms, durable contemporary flooring, and individual climate control with central air.
The property includes a full unfinished basement that provides additional space for future upside subject to zoning requirements and approvals. All three units are currently occupied, supporting immediate rental income from day one.
The layout is designed for tenant convenience and long-term livability, with modern interior finishes throughout and separate, practical in-unit amenities.
The property includes a full unfinished basement that provides additional space for future upside subject to zoning requirements and approvals. All three units are currently occupied, supporting immediate rental income from day one.
The layout is designed for tenant convenience and long-term livability, with modern interior finishes throughout and separate, practical in-unit amenities.
Key Highlights
- Three fully occupied residential units in 19104 with in‑unit washer and dryer in every unit
- Completely rehabbed in 2020 with updated kitchens and updated bathrooms throughout
- Each unit includes central air and individual climate control, plus durable contemporary flooring
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 | $60.6k | $25.80 |
| − Vacancy | −$3.3k | −$1.42 |
| EGI | $57.2k | $24.38 |
| − OpEx | −$17.2k | −$7.31 |
| NOI | $40.1k | $17.06 |
2,348 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$572.4K
$500.9K – $667.8K
NOI $40,068 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$527.6K
$461.7K – $615.6K
NOI $36,933 @ 7.0% cap · market cap 8.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three fully occupied residential units each include in-unit washer and dryer, with central air and updated kitchens and baths.
Where is this triplex located?
The property is located at 811 North Preston Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three fully occupied residential units in 19104 with in‑unit washer and dryer in every unit; Completely rehabbed in 2020 with updated kitchens and updated bathrooms throughout; Each unit includes central air and individual climate control, plus durable contemporary flooring
