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Contemporary Triplex with Rooftop Deck
For Sale
$799,900

924 N 15TH Street, Philadelphia, PA 19130

Multi-Family, PHILADELPHIA, PA

Property Size2,469 SF
Lot Size0.02 Acres
Price / SF$323.98
Days on Market406

Property Features for 924 N 15TH Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Rooms Basement
Parking features On Street
Elementary school district THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district THE SCHOOL DISTRICT OF PHILADELPHIA
High school district THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status Active
Size 2,469 SF
Lot size 0.02 Acres

Taxes and HOA fees

Tax Annual Amount 2249

Utilities

Heating system Central
Cooling system Central Air

Amenities

rooftop deck
video-monitored intercom system

Building Details

Year built 2017
Number of units 3
Building materials Masonry
Architectural style Contemporary
Listing Agency: Realty Mark Associates - KOP
Listed By: LIN LIN DONG · License #RS345597
Added: Sep 21, 2025 Changed: Sep 26 Last Checked: Oct 31 at 2:06PM
MLS# PAPH2539904

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Completed in 2017, this contemporary masonry triplex contains 2,469 square feet across three apartments. The unit mix includes a bi-level two-bedroom, two-bath residence, a one-bedroom, one-bath apartment, and a two-bedroom, one-bath third-floor unit with private rooftop deck access. Each apartment includes an open kitchen with quartz countertops, stainless steel appliances, French door refrigerators, 42-inch cabinetry, and breakfast bars. Additional interior features include solid birch hardwood flooring, Honeywell Wi-Fi-controlled thermostats, and a video-monitored intercom system.

The property is located one block from Girard Avenue in Philadelphia’s Fairmount neighborhood, with public transit nearby and access to I-76. The Philadelphia Museum of Art, restaurants, shops, and green spaces are within walking distance. Tenants are responsible for utilities, while the owner covers hallway lighting and sprinkler water. A 10-year tax abatement remains in place through 2027.

Key Highlights

  • Three‑unit property totaling 2,469 square feet
  • Unit mix includes two 2‑bedroom apartments and one 1‑bedroom apartment
  • Private rooftop deck serves 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 (±1% cap)
NOI $42,133 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$554.8K
$485.5K – $647.3K (±1% cap)
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

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

3
Residential units
100%
Occupancy
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,455
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Fully leased contemporary triplex with three updated apartments, modern finishes, and a private rooftop deck.
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: Three‑unit property totaling 2,469 square feet; Unit mix includes two 2‑bedroom apartments and one 1‑bedroom apartment; Private rooftop deck serves the third‑floor unit
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