Renovated Triplex in East
3514 W ALLEGHENY Avenue, Philadelphia, PA 19132
MULTI_FAMILY - PHILADELPHIA, PA
Property size:
2,025 SFLot size:
0.05 AcresPrice / SF:
$296/SF- Added:
- Sep 4, 2025
- Days on Market:
- 257
- Last Refresh:
- May 18 at 10:06 am
Property Features for 3514 W ALLEGHENY Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Active
- Size
- 2,025 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3380
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Number of units
- 3
- Building materials
- Masonry
Listing agent Sean M. Elstone License #AB069062 (610) 209-1934
Listing office Keller Williams Main Line 6 Coulter Avenue unit: 2, Ardmore, PA (610) 520-0100
Listing date Sep 4, 2025
MLS# PAPH2532224
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
- Newly renovated triplex with modern amenities and original charm, ideal for investors or owner‑occupants.
- Each unit is separately metered and includes mini‑split A/C, laundry hook‑ups, and a video intercom.
- Located in a walkable area (Walk Score of 82) near shops, restaurants, and Fairmount Park.
- Features one 2‑bed unit and two 1‑bed units, offering diverse rental or living options.
- Unit #1 boasts aged hardwood floors, huge windows, a sleek kitchen with stainless steel appliances, and access to an expansive backyard.
- Convenient access to Thomas Jefferson University, Kelly Dr, I‑76, and Rt‑1.
Overview
Located just off Ridge Ave in East Falls, this newly renovated triplex blends modern amenities with original charm. The property is ideal for an investor or an owner-occupant looking to offset their mortgage. The building offers one 2-bed unit and two 1-bed units, each separately metered with mini-split a/c, laundry hook-ups, and a video intercom. One unit features an open living room, aged hardwood floors and large windows. The sleek kitchen is fitted with stainless steel appliances (including a dishwasher), white shaker cabinets, a subway tile backsplash, and lots of counter seating. There is a large bathroom with black hexagon tile floors and two spacious, bright bedrooms. There's also access to the expansive backyard. The top two apartments have similar finishes with a bright, airy living room and kitchen at the front, a bedroom and bathroom at the center, a laundry room at the rear, and a bonus space for a walk-in closet, office, or fitness bike. One unit features exposed brick walls and ceiling beams. The location earns a Walk Score of 82 and is down the street from popular shops and restaurants lining Ridge Ave, including LeBus Bistro, Thunder Mug Cafe, and Slices Pizza. Fairmount Park is steps away, plus there's easy access to Thomas Jefferson University, Kelly Dr, I-76, and Rt-1. The property contains 2025 square feet and sits on a lot of 0.0511 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$384.0K
NOI $34,556 @ 9.00% cap · cautious / downside scenario
Moderate
$493.7K
NOI $34,556 @ 7.00% cap · market / base-case scenario
Aggressive
$691.1K
NOI $34,556 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.2k | $25.80 |
| − Vacancy | −$2.9k | −$1.42 |
| EGI | $49.4k | $24.38 |
| − OpEx | −$14.8k | −$7.31 |
| NOI | $34.6k | $17.06 |
2,025 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$493.7K
$432.0K – $575.9K
NOI $34,556 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$455.0K
$398.2K – $530.9K
NOI $31,852 @ 7.0% cap · market cap 5.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1870956
- Latitude
- 40.0057106
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Newly renovated triplex with modern amenities and original charm.
Where is this triplex located?
The property is located at 3514 W ALLEGHENY Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,990.
What are key features of this property?
This property features: Newly renovated triplex with modern amenities and original charm, ideal for investors or owner‑occupants.; Each unit is separately metered and includes mini‑split A/C, laundry hook‑ups, and a video intercom.; Located in a walkable area (Walk Score of 82) near shops, restaurants, and Fairmount Park.
