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    Renovated Triplex with Private Entrances Title is generated by Realmo AI

    3514 W ALLEGHENY Avenue, Philadelphia, PA 19132

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    Claim this Listing
    New
    For Sale
    $599,990

    MULTI_FAMILY - PHILADELPHIA, PA

    Property size:
    2,025 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $296/SF
    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

    We can help!

    Contact an agent
    Sean M. Elstone

    Listing agent Sean M. Elstone License #AB069062

    Listing office Keller Williams Main Line 6 Coulter Avenue unit: 2, Ardmore, PA

    Listing date Jun 26, 2026

    MLS# PAPH2641590 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 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

    Situated at 3514 W Allegheny Avenue, this newly renovated triplex combines updated finishes with original character. The building offers three separate apartments: one unit with two bedrooms and two units with one bedroom each. Each unit is separately metered and features mini-split A/C, laundry hook-ups, and a video intercom. Unit #1 includes an open living room with aged hardwood floors and large windows, a kitchen with stainless steel appliances including a dishwasher, and white shaker cabinetry with subway tile backsplash and counter seating. The unit also has a large bathroom and two bright, spacious bedrooms, with access to an expansive backyard.

    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
    2,025 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $493.7K
    $432.0K – $575.9K (±1% cap)
    NOI $34,556 @ 7.0% cap · market cap 5.76%
    Second Best
    Apartment 5plus
    $455.0K
    $398.2K – $530.9K (±1% cap)
    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 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 Skin Care Clinic Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.18709
    Latitude
    40.00571

    FAQs

    What type of property is this?
    Triplex - Newly renovated triplex offering one 2-bedroom unit and two 1-bedroom units with separate utilities and private entries.
    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 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
    More about this property
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