3514 W ALLEGHENY Avenue, Philadelphia, PA 19132
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 2:06 pm
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 Jun 26, 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
- Newly renovated 3‑unit triplex built in 1930 with masonry construction
- Unit mix: one 2‑bed and two 1‑bed units, each separately metered
- Each unit includes mini‑split A/C plus laundry hook‑ups and a video intercom
- Heating via heat pump; central air included
- Unit #1 features an open living room with aged hardwood floors and large windows
- Expansive backyard access plus Walk Score of 82
Overview
A private entrance begins from the gated front lawn for Unit #1, and the layout of the top apartments provides front-of-unit living and kitchen space, a centered bedroom and bathroom, a rear laundry room, and a bonus area that can support a walk-in closet, office, or other flexible use. Unit #3 includes exposed brick walls and ceiling beams. The property is positioned just off Ridge Ave in East Falls, with a Walk Score of 82, and is within reach of local shops and restaurants along Ridge Ave, as well as Fairmount Park and convenient access to major routes including I-76 and Rt-1.
This configuration makes the property well suited to an investor seeking a small multifamily setup with three separately metered units, or an owner-occupant looking to offset expenses with rental income. The updated systems, in-unit laundry hook-ups, and separate entry arrangements support practical day-to-day living across all three units.
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 | $52.2k | $25.80 |
| − Vacancy | −$2.9k | −$1.42 |
| EGI | $49.4k | $24.38 |
| − OpEx | −$14.8k | −$7.31 |
| NOI | $34.6k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.18709
- Latitude
- 40.00571