Triplex with Private Rooftop
For Sale
$799,900
924 N 15TH Street, Philadelphia, PA 19130
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size2,469 SF
Lot Size0.02 Acres
Price / SF$323.98
Days on Market314
Property Features for 924 N 15TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
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
Building Details
Year built
2017
Number of units
3
Building materials
Masonry
Architectural style
Contemporary
Listing Agency:
Realty Mark Associates - KOP
(215) 376-4444
Listed By:
LIN LIN DONG · License #RS345597
(215) 834-8897
Added: Sep 21, 2025
Changed: Jun 15
Last Checked: Jul 31 at 9:06PM
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.
Investment Insights
Based on property information with market context.
Built new and completed in late 2017, this contemporary triplex offers three modern, fully leased units. Unit A is a bi-level 2-bedroom, 2-bath layout on the first floor. Unit B is a 1-bedroom, 1-bath unit on the second floor. Unit C is a 2-bedroom, 1-bath unit on the third floor and includes a private rooftop deck. Interiors include open kitchens with quartz countertops, stainless steel appliances, French door refrigerators, 42-inch cabinets, and breakfast bars, along with 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 on Girard Avenue described as nearby and I-76 minutes away. The offering also notes that the Philadelphia Museum of Art, restaurants, shops, and green spaces are within walking distance.
For purchasers, the triplex is positioned for hands-on or managed rental operations with tenant responsibility for all utilities, while the owner covers hallway lighting and sprinkler water only. The units are currently leased, with stated monthly rents of $1,900 for Unit A, $1,300 for Unit B, and $1,800 for Unit C. A 10-year tax abatement is in place through 2027, which the listing indicates may help reduce ongoing property costs.
The property is located one block from Girard Avenue in Philadelphia’s Fairmount neighborhood, with public transit on Girard Avenue described as nearby and I-76 minutes away. The offering also notes that the Philadelphia Museum of Art, restaurants, shops, and green spaces are within walking distance.
For purchasers, the triplex is positioned for hands-on or managed rental operations with tenant responsibility for all utilities, while the owner covers hallway lighting and sprinkler water only. The units are currently leased, with stated monthly rents of $1,900 for Unit A, $1,300 for Unit B, and $1,800 for Unit C. A 10-year tax abatement is in place through 2027, which the listing indicates may help reduce ongoing property costs.
Key Highlights
- Fully leased triplex generating $5,000 monthly income in the desirable Fairmount neighborhood.
- 10‑year tax abatement in place through 2027, offering significant savings.
- Modern units feature high‑end finishes including quartz countertops, stainless steel appliances, and hardwood 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 | $63.7k | $25.80 |
| − Vacancy | −$3.5k | −$1.42 |
| EGI | $60.2k | $24.38 |
| − OpEx | −$18.1k | −$7.31 |
| NOI | $42.1k | $17.06 |
2,469 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Turnkey business
Opportunity
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,455
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Newer triplex with three leased apartments, rooftop deck, and tenant-paid utilities supported by partial owner-paid common expenses.
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: Fully leased triplex generating $5,000 monthly income in the desirable Fairmount neighborhood.; 10‑year tax abatement in place through 2027, offering significant savings.; Modern units feature **high‑end finishes** including quartz countertops, stainless steel appliances, and hardwood flooring.
