Triplex with Finished Bonus
2122 W ESTAUGH Street Philadelphia, PA 19140
2122 W ESTAUGH Street, Philadelphia, PA, 19140
$359,900
For Sale
$359,900
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,446 SF
Lot Size0.04 Acres
Price / SF$248.89
Days on Market51
Property Features for 2122 W ESTAUGH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,446 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1409
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1939
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency
OCF Realty LLC - Philadelphia
(215) 735-7368
1936 Washington Avenue, Philadelphia, PA
Listed by
Kevin M McGettigan · License #RS326539
(856) 347-0434
Added: May 29 Checked: Jul 18 at 7:06 am
MLS# PAPH2627646
Listing URL
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.
Investment Insights
Based on property information with market context.
This property is a multifamily triplex configured with three legal, updated units: two studios and one 1 bed/1 bath unit. In addition to the legal units, there is a finished “bonus unit” that is present but requires legalization, creating a path to increase total rentable area once approved.
Located in Philadelphia, the property is described as well-positioned near Broad Street and Temple Health. It also offers proximity to transit, Roosevelt Boulevard, neighborhood retail, and key bus routes.
The unit mix supports a tenant base that can accommodate both studio and one-bedroom needs within the same building. For buyers evaluating value-add through the finished bonus unit, the current status and legalization requirement are central to underwriting. Financial information is available upon request, and the property may be purchased individually or as part of a three-property, 14-unit package that includes 3521 N 21st St and 1729 W Erie Ave.
Located in Philadelphia, the property is described as well-positioned near Broad Street and Temple Health. It also offers proximity to transit, Roosevelt Boulevard, neighborhood retail, and key bus routes.
The unit mix supports a tenant base that can accommodate both studio and one-bedroom needs within the same building. For buyers evaluating value-add through the finished bonus unit, the current status and legalization requirement are central to underwriting. Financial information is available upon request, and the property may be purchased individually or as part of a three-property, 14-unit package that includes 3521 N 21st St and 1729 W Erie Ave.
Key Highlights
- Steady in‑place income from 3 legal, updated units.
- Opportunity to increase gross rent by legalizing the finished "bonus unit."
- Excellent location near Broad Street and Temple Health.
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 | $37.3k | $25.80 |
| − Vacancy | −$2.1k | −$1.42 |
| EGI | $35.3k | $24.38 |
| − OpEx | −$10.6k | −$7.31 |
| NOI | $24.7k | $17.06 |
1,446 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.5K
$308.5K – $411.3K
NOI $24,676 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$324.9K
$284.3K – $379.1K
NOI $22,745 @ 7.0% cap · market cap 6.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Updated triplex with three legal units and a finished bonus unit that requires legalization to expand income potential.
Where is this triplex located?
The property is located at 2122 W ESTAUGH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Steady in‑place income from 3 legal, updated units.; Opportunity to increase gross rent by legalizing the finished "bonus unit."; Excellent location near Broad Street and Temple Health.
