PHILADELPHIA, PA 19104 Philadelphia, PA 19104
MULTI_FAMILY - PHILADELPHIA, PA
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 (856) 906-4252
Listing office BHHS Fox & Roach Cherry Hill Home Marketing Center PA (856) 428-8000
Listing date May 12, 2026
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.
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 |