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    Pennsport Triplex For Sale Title is generated by Realmo AI

    319 WHARTON Street, Philadelphia, PA 19147

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    Claim this Listing
    For Sale
    Under Contract
    $550,000

    MULTI_FAMILY - Other - PHILADELPHIA, PA

    Property size:
    1,968 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $279/SF
    Added:
    Mar 27, 2026
    Days on Market:
    83
    Last Refresh:
    Jun 17 at 9:06 am

    Property Features for 319 WHARTON Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Appliances
    Cooktop, Built-In Range, Dishwasher, Disposal, Oven/Range - Electric, Refrigerator
    Standard status
    Active Under Contract
    Size
    1,968 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6615

    Utilities

    Heating system
    Electric (Heating), Baseboard
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    1915
    Number of units
    3
    Building materials
    Masonry
    Architectural style
    Other

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    Listing Contact
    Ed S Pocrass
    Ed S Pocrass

    Listing agent Ed S Pocrass License #AB048890L

    Listing office Re/Max One Realty 521 Bustleton Pike, Philadelphia, PA

    Listing date Mar 27, 2026

    MLS# PAPH2600550 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.

    HighLights

    • 3‑story triplex (3 units) in the Pennsport neighborhood; all units are currently rented
    • Rents: 1st floor $1,300/mo, 2nd floor $1,400/mo, 3rd floor $995/mo
    • Each unit has separate utilities; tenants pay their own utilities and all utilities are electric
    • 1st floor includes a rear yard; 2nd floor includes a rear balcony
    • Central air and ceiling fans included; electric baseboard heating
    • Built in 1915 with masonry construction; appliances include cooktop, built‑in range, oven/range (electric), dishwasher, disposal, and refrigerator

    Overview

    This three-story triplex, featuring three individual units, is situated in the Pennsport neighborhood. It is suitable for investors or owner-occupants. All apartments are currently rented. The first-floor unit has a monthly rent of $1,300.00, the second-floor unit rents for $1,400.00 per month, and the third-floor unit is rented for $995.00 per month. The first-floor apartment includes a rear yard, while the second-floor apartment features a rear balcony. Each unit has separate electric utilities, and tenants are responsible for covering their own utility costs. The property is conveniently located within a few minutes of center city, Passyunk Square, major highways, and sports and entertainment complexes. The property size is 1,968 square feet and the lot size is 0.024 acres.

    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 $50.8k $25.80
    − Vacancy −$2.8k −$1.42
    EGI $48.0k $24.38
    − OpEx −$14.4k −$7.31
    NOI $33.6k $17.06
    1,968 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $479.8K
    $419.8K – $559.7K (±1% cap)
    NOI $33,584 @ 7.0% cap · market cap 6.11%
    Second Best
    Apartment 5plus
    $442.2K
    $387.0K – $515.9K (±1% cap)
    NOI $30,956 @ 7.0% cap · market cap 5.63%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.15029
    Latitude
    39.93203

    FAQs

    What type of property is this?
    Triplex - Three-unit property in Pennsport neighborhood, ideal for investors.
    Where is this triplex located?
    The property is located at 319 WHARTON Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 3‑story triplex (3 units) in the Pennsport neighborhood; all units are currently rented; Rents: 1st floor $1,300/mo, 2nd floor $1,400/mo, 3rd floor $995/mo; Each unit has separate utilities; tenants pay their own utilities and all utilities are electric
    More about this property
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