Triplex with Private
For Sale
$545,000
PHILADELPHIA, PA 19104, Philadelphia, PA 19104
Multi-Family, PHILADELPHIA, PA
Property Size2,499 SF
Lot Size0.02 Acres
Price / SF$218.09
Days on Market64
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Subdivision
POWELTON VILLAGE
Standard status
Active
Size
2,499 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
7388
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
shared basement laundry
private side patio
Building Details
Year built
1920
Number of units
3
Building materials
Masonry
Listing Agency:
Coldwell Banker Residential Brokerage - Princeton · Coldwell Banker Real Estate
(609) 921-1411
Listed By:
Margaret McCain · License #RS363819
(609) 970-3075
Added: Aug 21
Changed: Oct 22
Last Checked: Oct 23 at 1:06PM
MLS# PAPH2662634
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.
Built in 1920, this 2,499-square-foot masonry triplex contains three apartments: one with one bedroom and one bathroom, and two with two bedrooms and one bathroom each. The one-bedroom unit has a private side patio. All three apartments have updated bathrooms; the building also has separate electric meters, shared basement laundry, central heating and air conditioning, and on-street parking. One water heater was replaced in 2026.
Two units are leased and one is vacant. The property is professionally managed and is near Drexel University, the University of Pennsylvania, CHOP, and Penn Presbyterian Medical Center. Public transportation and Center City are accessible from the property’s Philadelphia location.
Two units are leased and one is vacant. The property is professionally managed and is near Drexel University, the University of Pennsylvania, CHOP, and Penn Presbyterian Medical Center. Public transportation and Center City are accessible from the property’s Philadelphia location.
Key Highlights
- Three apartments totaling 2,499 square feet
- Unit mix: one 1‑bedroom, 1‑bath apartment and two 2‑bedroom, 1‑bath apartments
- Two units leased; one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,645
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,900
$852.9K
Cap Rate 7%
$609,214
$609.2K
Cap Rate 9%
$473,833
$473.8K
Market Conditions
NOI Build-Up for 2,499 SF
Gross rent
$64.5K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$60.9K $24.38/SF
− OpEx
−$18.3K −$7.31/SF
NOI
$42.6K $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%
$852,900
Cap Rate 7%
$609,214
Cap Rate 9%
$473,833
Alternative Uses
Best Use
Multifamily LT 5
$609.2K
$533.1K – $710.8K
NOI $42,645 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$561.5K
$491.4K – $655.1K
NOI $39,308 @ 7.0% cap · market cap 7.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,686
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A three-unit property offers a one-bedroom apartment and two two-bedroom apartments, with two units currently leased.
Where is this triplex located?
The property is located at Philadelphia, PA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Three apartments totaling 2,499 square feet; Unit mix: one 1‑bedroom, 1‑bath apartment and two 2‑bedroom, 1‑bath apartments; Two units leased; one unit vacant
