Triplex with Private Rooftop
924 N 15TH Street Philadelphia, PA 19130
For Sale
$799,900
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size2,469 SF
Lot Size0.02 Acres
Price / SF$323.98
Days on Market307
Property Features for 924 N 15TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- 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 24 at 7:06PM
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
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.
