1729 W ERIE Avenue, Philadelphia, PA 19140
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Jun 12, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 1729 W ERIE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,456 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6553
Utilities
- Heating system
- Central
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1930
- Number of units
- 4
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Kevin M McGettigan License #RS326539 (856) 347-0434
Listing office OCF Realty LLC - Philadelphia 1936 Washington Avenue, Philadelphia, PA (215) 735-7368
Listing date Jun 12, 2026
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.
HighLights
- 5‑unit multifamily with four 1‑bed, 1‑bath units and one studio unit
- Year built 1930; masonry construction
- Central heating and wall‑unit cooling
- On‑street parking
- Near Broad Street transit, Temple University/Health System, neighborhood retail, and major bus routes
Overview
The building is located in North Philadelphia’s West Allegheny neighborhood, with access to Broad Street transit. It is also positioned near Temple University and the Health System, neighborhood retail, and major bus routes, which are highlighted as factors that can support consistent leasing demand.
For investors or owner-operators seeking a manageable scale property, the current unit mix creates flexibility in tenant placement across studio and 1-bedroom floorplans. The offering is available individually or as part of a three-property, 14-unit package that includes 3521 N 21st St and 2122 W Estaugh St, providing an option to build or expand a small portfolio while maintaining the same general strategy.
Local Financial Insights For Apartment 5plus
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 | $74.6k | $30.36 |
| − Vacancy | −$4.3k | −$1.76 |
| EGI | $70.2k | $28.60 |
| − OpEx | −$31.6k | −$12.87 |
| NOI | $38.6k | $15.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.15703
- Latitude
- 40.0103
