Triplex with Private
For Sale
$575,000
920 E Passyunk Avenue, Philadelphia, PA 19147
Three leased one-bedroom apartments with separate interiors, shared laundry, and tenant-paid utilities.
Property Size1,674 SF
Price / SF$343.49
Days on Market213
Property Features for 920 E Passyunk Avenue
General Information
Standard status
Active
Size
1,674 SF
Property subtype
Multi-Family
Zoning
RM1
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,936
Amenities
common laundry
Unfinished
Natural Gas
Yes
No
Assessor
No Pool
Public
U50
48.00 x 16.00
0.02
Other
99100.00
Building Details
Building Size
1,674 SF
Year Built
1915
Listing Agency:
High Associates Ltd.
(856) 222-0077
Listed By:
Brittany Moody
(609) 744-6614
Source:
Thetristaterealestategroup
Added: Mar 16
Changed: Oct 5
Last Checked: Oct 12 at 6:18PM
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 High Associates Ltd.
Investment Insights
Based on property information with market context.
This 1915 triplex contains three one-bedroom, one-bath apartments within a 1,674-square-foot building. Unit 1 offers a kitchen, full bath, private yard access, and basement storage. Unit 2 includes pine flooring, a front bedroom with two windows, an eat-in kitchen, and a bright living room. Unit 3 also has pine floors, a kitchen, and an updated bath. Common laundry is accessed through exterior storm cellar doors.
The property is located at 920 E Passyunk Avenue in Philadelphia’s Bella Vista area, near restaurants, shops, Passyunk Square, the Italian Market, and public transportation. All three units are leased, with Unit 2’s current term extending through 5/31/2026 before converting to month-to-month occupancy. Tenants pay gas, electric, and hot water costs. The property is zoned RM1.
The property is located at 920 E Passyunk Avenue in Philadelphia’s Bella Vista area, near restaurants, shops, Passyunk Square, the Italian Market, and public transportation. All three units are leased, with Unit 2’s current term extending through 5/31/2026 before converting to month-to-month occupancy. Tenants pay gas, electric, and hot water costs. The property is zoned RM1.
Key Highlights
- Three 1‑bedroom, 1‑bath units in a single triplex
- 1,674 square feet; built in 1915
- Unit 1 includes private yard access and basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,567
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,340
$571.3K
Cap Rate 7%
$408,100
$408.1K
Cap Rate 9%
$317,411
$317.4K
Market Conditions
NOI Build-Up for 1,674 SF
Gross rent
$43.2K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$40.8K $24.38/SF
− OpEx
−$12.2K −$7.31/SF
NOI
$28.6K $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%
$571,340
Cap Rate 7%
$408,100
Cap Rate 9%
$317,411
Alternative Uses
Best Use
Multifamily LT 5
$408.1K
$357.1K – $476.1K
NOI $28,567 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$376.2K
$329.1K – $438.9K
NOI $26,331 @ 7.0% cap · market cap 4.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,030
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three leased one-bedroom apartments with separate interiors, shared laundry, and tenant-paid utilities.
Where is this triplex located?
The property is located at 920 E Passyunk Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bath units in a single triplex; 1,674 square feet; built in 1915; Unit 1 includes private yard access and basement storage
