Modern Triplex with Rooftop
For Sale
$799,900
924 N 15TH STREET, Philadelphia, PA 19130
Fully leased three-unit property with modern finishes, efficient utility responsibilities, and private outdoor space.
Property Size2,469 SF
Days on Market399
Property Features for 924 N 15TH STREET
General Information
Standard status
Active
Size
2,469 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Neighborhood
South Philadelphia
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$60,000
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$2,249
Amenities
video-monitored intercom system
Building Details
Building Size
2,469 SF
Year Built
2017
Buildings
1
Stories
3
Listing Agency:
Realty Mark Associates - KOP
Listed By:
LIN LIN DONG · License #RS345597
(215) 847-3529
Source:
Patmckennarealtors
Added: Sep 21, 2025
Changed: Oct 21
Last Checked: Oct 23 at 3:17PM
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 Realty Mark Associates - KOP
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in late 2017, this 2,469 SF triplex contains three contemporary apartments. The first-floor Unit A is a bi-level two-bedroom, two-bath residence; Unit B on the second floor offers one bedroom and one bathroom; and third-floor Unit C includes two bedrooms, one bathroom, and a private rooftop deck. All units feature open kitchens with quartz countertops, stainless steel appliances, French door refrigerators, 42-inch cabinets, and breakfast bars. Solid birch hardwood floors, Honeywell Wi-Fi-controlled thermostats, and a video-monitored intercom system are included throughout the property.
The building is fully leased, with tenants covering all utilities while ownership handles hallway lighting and sprinkler water. A 10-year tax abatement remains in place through 2027. The property is located at 924 N 15TH ST in Philadelphia’s Fairmount neighborhood, one block from Girard Avenue, near public transit, and minutes from I-76. The Philadelphia Museum of Art, restaurants, shops, and green spaces are within walking distance.
The building is fully leased, with tenants covering all utilities while ownership handles hallway lighting and sprinkler water. A 10-year tax abatement remains in place through 2027. The property is located at 924 N 15TH ST in Philadelphia’s Fairmount neighborhood, one block from Girard Avenue, near public transit, and minutes from I-76. The Philadelphia Museum of Art, restaurants, shops, and green spaces are within walking distance.
Key Highlights
- 2,469 SF triplex completed in late 2017
- Three‑unit layout: 2‑bedroom/2‑bath bi‑level, 1‑bedroom/1‑bath, and 2‑bedroom/1‑bath apartments
- Private rooftop deck serving the third‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,133
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,660
$842.7K
Cap Rate 7%
$601,900
$601.9K
Cap Rate 9%
$468,144
$468.1K
Market Conditions
NOI Build-Up for 2,469 SF
Gross rent
$63.7K $25.80/SF
− Vacancy
−$3.5K −$1.42/SF
EGI
$60.2K $24.38/SF
− OpEx
−$18.1K −$7.31/SF
NOI
$42.1K $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%
$842,660
Cap Rate 7%
$601,900
Cap Rate 9%
$468,144
Alternative Uses
Best Use
Multifamily LT 5
$601.9K
$526.7K – $702.2K
NOI $42,133 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$554.8K
$485.5K – $647.3K
NOI $38,836 @ 7.0% cap · market cap 4.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,649
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully leased three-unit property with modern finishes, efficient utility responsibilities, and private outdoor space.
Where is this triplex located?
The property is located at 924 N 15TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2,469 SF triplex completed in late 2017; Three‑unit layout: 2‑bedroom/2‑bath bi‑level, 1‑bedroom/1‑bath, and 2‑bedroom/1‑bath apartments; Private rooftop deck serving the third‑floor unit
