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Triplex with Private Outdoor Space

PHILADELPHIA, PA 19122 Philadelphia, PA 19122

Philadelphia, PA, 19122

$900,000

For Sale

$900,000

MULTI_FAMILY - PHILADELPHIA, PA

Property Size3,951 SF

Price / SF$227.79

AddedOct 30, 2025

Days on Market259

Last RefreshJul 15 at 3:06 pm

Property Features

General Information

Property type: Residential Multi Family
Property subtype: Townhouse
Standard status: Active
Size: 3,951 SF

Building Details

Year built: 2019

Listing agent Morgan Boyle

Listing office BHHS Fox & Roach Center City-Society Hill PA

Listing date Oct 30, 2025

MLS# PAPH2553874

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 triplex offers three separate units with flexible floor plans and a contemporary feel. Units feature high ceilings, large windows, and private exterior space. Interiors include in-unit washer and dryer, modern kitchens with shaker-style cabinetry, subway tile, quartz countertops, and stainless-steel appliances. Bedrooms provide ample closet space.

The property is located just outside the Fishtown market in the Norris Square/West Kensington hyper-development zone. It is close to Center City, Norris Square Park, and Towey’s Playground, with nearby restaurants, shops, and bars. It is also within walking distance of Evil Genius Brewery and Human Robot, and is near Temple University and public transit.

A full tax abatement is listed through 2032, supporting long-term planning for an owner-occupied or investor buyer.

Key Highlights

Full tax abatement through 2032
Three‑unit property built in 2019
Each unit includes a washer and dryer

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$101.9k	$25.80
− Vacancy	−$5.6k	−$1.42
EGI	$96.3k	$24.38
− OpEx	−$28.9k	−$7.31
NOI	$67.4k	$17.06

3,951 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$963.2K

$842.8K – $1.12M (±1% cap)

NOI $67,423 @ 7.0% cap · market cap 7.49%

Second Best

Apartment 5plus

$887.8K

$776.8K – $1.04M (±1% cap)

NOI $62,147 @ 7.0% cap · market cap 6.91%

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

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