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Three-Residence Income Property

PHILADELPHIA, PA 19147 Philadelphia, PA 19147

Claim this Listing
For Sale
$989,000

MULTI_FAMILY - PHILADELPHIA, PA

Type:Townhouse
Property size:
3,360 SF
Lot size:
0.03 Acres
Price / SF:
$294/SF
Added:
Apr 29, 2026
Days on Market:
73
Last Refresh:
Jul 10 at 10:06 pm

Property Features

General Information

Property type
Residential Multi Family
Property subtype
Townhouse
Standard status
Active
Size
3,360 SF
Lot size
0.03 Acres

Building Details

Year built
1915

Listing agent Patrick Conway License #RS217990L

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

Listing date Apr 29, 2026

MLS# PAPH2610954

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.

For sale as-is, a one-of-a-kind multi-family property on a 20' x 60' lot featuring approximately 3,500 square feet and flexible configurations. The property is arranged as three residences on one deed: a front home plus two separate trinity units. The front home (Unit 1) offers three bedrooms plus a den and one bathroom, with an extra-wide layout and three front windows. It includes two entrances and two kitchens. Units 2 and 3 are trinity-style homes tucked just off a private side breezeway, with Unit 2 featuring a 1-bedroom plus den and 1 bath, and Unit 3 featuring 2 bedrooms, 1 bath, straight stairs, and side windows.

A private outdoor area and a separate storage room are included beyond the trinities. The property requires updating, and the listing is offered in as-is condition. The address is listed in Philadelphia, Pennsylvania (19147), near the Queen Village and Bella Vista border per the remarks.

Key Highlights

  • 1915 property on a 20' x 60' lot with approximately 3,500 SF and three residences on one deed
  • Front home (Unit 1): extra‑wide 3‑bed plus den, 1‑bath layout with two entrances and two kitchens
  • Two separate trinities (Units 2 & 3) located off a private side breezeway with hardwood floors

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 $86.7k $25.80
− Vacancy −$4.8k −$1.42
EGI $81.9k $24.38
− OpEx −$24.6k −$7.31
NOI $57.3k $17.06
3,360 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$819.1K
$716.7K – $955.6K (±1% cap)
NOI $57,338 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$755.0K
$660.6K – $880.9K (±1% cap)
NOI $52,851 @ 7.0% cap · market cap 5.34%
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 - For sale as-is three residences on one deed, including a front home and two separate trinity-style 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 $989,000.
What are key features of this property?
This property features: 1915 property on a 20' x 60' lot with approximately 3,500 SF and three residences on one deed; Front home (Unit 1): extra‑wide 3‑bed plus den, 1‑bath layout with two entrances and two kitchens; Two separate trinities (Units 2 & 3) located off a private side breezeway with hardwood floors
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