Back to Search
New Construction Triplex

PHILADELPHIA, PA 19104 Philadelphia, PA 19104

Philadelphia, PA, 19104
$699,900
For Sale
Claim this Listing
$699,900

MULTI_FAMILY - PHILADELPHIA, PA

Property Size2,499 SF
Price / SF$280.07
AddedMay 12
Days on Market65
Last RefreshJul 15 at 1:06 pm

Property Features

General Information

Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Standard status
Active
Size
2,499 SF

Building Details

Year built
2025

Listing agent Valerie Yosef

Listing office BHHS Fox & Roach Cherry Hill Home Marketing Center PA

Listing date May 12, 2026

MLS# PAPH2616888

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.

This turnkey new construction triplex offers three separately metered units for electric, designed for straightforward operation. The property includes a bi-level 3-bedroom, 3-bath unit and two 1-bedroom, 1-bath apartments. One of the 1-bedroom units features a private deck. Interiors include stainless steel appliances, shaker-style cabinetry, granite countertops, dishwashers, microwaves, in-unit laundry, and oversized windows for natural light.

The listing also notes a full 10-year tax abatement. The property is described as having convenient access to University City, Drexel, UPenn, Route 76, Center City, and public transportation.

Overall, the mix of one larger bi-level residence with two smaller apartments, along with the separate electric metering, supports a practical residential income configuration.

Key Highlights

  • Under construction 3‑unit triplex, Year built: 2025
  • 2,550 SF property with one bi‑level 3BD/3BA unit and two 1BD/1BA apartments
  • High‑end interior features: luxury flooring, in‑unit laundry, stainless steel appliances, shaker‑style cabinetry, granite countertops

Local 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 $64.5k $25.80
− Vacancy −$3.6k −$1.42
EGI $60.9k $24.38
− OpEx −$18.3k −$7.31
NOI $42.6k $17.06
2,499 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$609.2K
$533.1K – $710.8K (±1% cap)
NOI $42,645 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$561.5K
$491.4K – $655.1K (±1% cap)
NOI $39,308 @ 7.0% cap · market cap 5.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Triplexes

FAQs

What type of property is this?
Triplex - Turnkey new construction triplex with in-unit laundry and separate electric metering across three units.
Where is this triplex located?
The property is located at Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Under construction 3‑unit triplex, Year built: 2025; 2,550 SF property with one bi‑level 3BD/3BA unit and two 1BD/1BA apartments; High‑end interior features: luxury flooring, in‑unit laundry, stainless steel appliances, shaker‑style cabinetry, granite countertops
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message