3119 N 13th St, Philadelphia, PA 19133

Property Description

Unlock the potential of 3119 N. 13th Street, a vacant lot offered with previously approved City of Philadelphia plans for an exciting three-unit residential development. Ideal for builders and investors seeking to capitalize on new construction, multiple income streams, and long-term appreciation, this property offers an outstanding foundation for your next project. The proposed triplex features three thoughtfully designed 2-bedroom residences. Unit A offers a living room plus a bonus den or flex space, ideal for a home office, additional living area, or creative workspace. Unit B features a functional 2-bedroom layout, while Unit C offers access to a desirable roof deck. The property also features eligibility for a 10-year real estate tax abatement, presenting an attractive potential advantage for investors focused on maximizing cash flow and long-term returns. With projected rents of approximately $1,600–$1,800 per unit per month, the completed triplex could generate an estimated $57,600–$64,800 in annual gross rental income, before vacancy and operating expenses. Located in North Philadelphia’s established 19133 neighborhood, the property offers convenient access to SEPTA transit, neighborhood shopping, local dining, parks, and major employment and educational destinations, including the broader Temple University area and Temple University Hospital. The location provides an opportunity to serve renters seeking urban convenience and accessibility. Whether you're a builder looking for your next development project or an investor seeking a valuable income-producing asset, 3119 N. 13th Street presents an exciting opportunity to transform a vacant lot into a modern triplex with three potential revenue streams and long-term investment upside.