$289,900

Property Description

FULLY OCCUPIED TRIPLEX | 10.5% CAP RATE | $2,900/MO INCOME | $289,900 Attention Investors: Turnkey, Fully Occupied Income Property! 1221 Lindley Street is a fully renovated, 100% occupied triplex generating $2,900/month ($34,800/year) in gross rental income. With 2025 NOI of $30,555.36, this stabilized asset delivers an impressive 10.5% cap rate at the $289,900 asking price. A major advantage for the next owner: all units are separately metered for gas and electric, with those utilities paid directly by the tenants. The property also features a landlord-paid master water meter and a coin-operated washer and dryer in the basement, providing an additional income stream. Unit Breakdown: Unit 1: 2 beds, 1 bath - $1,050/month Unit 2: 1 bed, 1 bath - $1,025/month Unit 3: 1 bed, 1 bath - $825/month With renovations complete and tenants already in place, the next owner can acquire a stabilized, cash-flowing multifamily property without a major upfront renovation or initial lease-up. Offered at $289,900. Schedule your private showing today.

Property Facts & Features

Property Type

Multi Family

Status

For Sale

Listed

Sep 15, 2026

Price per Sq Ft

$132/sqft

ZIP Code

19141

Heating

90% Forced Air

Construction

Brick

Neighborhood

Upper North District

County

Philadelphia

School District

The School District of Philadelphia

Features & Amenities

Location

Lat 40.03034 · Lng -75.14378