Renovated Triplex Near Drexel
3108 HAVERFORD Avenue Philadelphia, PA 19104
3108 HAVERFORD Avenue, Philadelphia, PA, 19104
$899,900
For Sale
$899,900
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,998 SF
Lot Size0.03 Acres
Price / SF$450.40
Days on Market324
Property Features for 3108 HAVERFORD Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Interior features
- Kitchen - Gourmet, Upgraded Countertops, Recessed Lighting
- Appliances
- Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator
- Standard status
- Active
- Size
- 1,998 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3148
Utilities
- Cooling system
- Ductless
Building Details
- Year built
- 1935
- Number of units
- 1
- Building materials
- Masonry
Listing Agency
Coldwell Banker Realty
(610) 566-1100
1023 E Baltimore Pike, Plymouth Meeting, PA
Listed by
Steven M. Eckell · License #AB065133
(484) 432-0720
Added: Aug 27, 2025 Checked: Jul 16 at 4:06 pm
MLS# PAPH2530890
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.
Located in the heart of University City, this fully renovated triplex presents an exceptional investment opportunity. Completed in 2023, the property is situated steps from Drexel University. It features three spacious units, including two 2-bedroom, 2-bathroom apartments and one 4-bedroom, 3-bathroom apartment. Each unit boasts modern finishes, updated kitchens, in-unit laundry, and contemporary design throughout. The 1,998 square-foot building has been well maintained and thoughtfully updated to minimize maintenance and maximize rental income potential. The 0.0273-acre property's prime location offers easy access to Drexel, UPenn, public transportation, hospitals, shopping, and dining, ensuring steady demand. The property is intended for use as a multi-family residential income property. The annual gross income is $75,600, with annual operating expenses of $9,000. This property presents a blend of turn-key convenience and long-term value in one of Philadelphia's most desirable rental corridors.
Key Highlights
- Prime location in University City, steps from Drexel University, UPenn, transportation, hospitals, shopping, and dining.
- Fully renovated triplex completed in 2023 with modern finishes and contemporary design.
- Strong rental income potential with a mix of two 2‑bedroom/2‑bathroom units and one 4‑bedroom/3‑bathroom unit.
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 | $51.5k | $25.80 |
| − Vacancy | −$2.8k | −$1.42 |
| EGI | $48.7k | $24.38 |
| − OpEx | −$14.6k | −$7.31 |
| NOI | $34.1k | $17.06 |
1,998 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$487.1K
$426.2K – $568.3K
NOI $34,096 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$449.0K
$392.9K – $523.8K
NOI $31,428 @ 7.0% cap · market cap 3.49%
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 - Fully renovated triplex near Drexel with strong rental income potential.
Where is this triplex located?
The property is located at 3108 HAVERFORD Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Prime location in University City, steps from Drexel University, UPenn, transportation, hospitals, shopping, and dining.; **Fully renovated triplex completed in 2023 with modern finishes and contemporary design.**; Strong rental income potential with a mix of two 2‑bedroom/2‑bathroom units and one 4‑bedroom/3‑bathroom unit.
