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Approved Triplex Income Property

5228 VINE Street Philadelphia, PA 19139

5228 VINE Street, Philadelphia, PA, 19139
$335,000
For Sale
Claim this Listing
$335,000

MULTI_FAMILY - Other - PHILADELPHIA, PA

Property Size1,710 SF
Lot Size0.04 Acres
Price / SF$195.91
AddedJun 7
Days on Market40
Last RefreshJul 16 at 2:06 am

Property Features for 5228 VINE Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Standard status
Active
Size
1,710 SF
Lot size
0.04 Acres

Taxes and HOA fees

Tax Annual Amount
2512

Utilities

Heating system
Electric (Heating), Baseboard

Building Details

Year built
1925
Number of units
2
Building materials
Masonry
Architectural style
Other

Listing agent Natasha Ocasio License #RS340647

Listing office Realty Mark Associates 1500 John F Kennedy Boulevard unit: 1510, Southampton, PA

Listing date Jun 7, 2026

MLS# PAPH2625078 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.

This approved triplex offers three residential units and shared rear-yard access. Unit 1 includes one bedroom and one bathroom with a spacious bedroom, large storage closet, an eat-in kitchen, and in-unit washer and dryer. Unit 2 provides two bedrooms and one bathroom, also with in-unit washer and dryer, plus shared access to the rear yard.

The property is located at 5228 Vine Street in Philadelphia, PA 19139. The offering is positioned for tenants who want convenient access to public transportation, shopping, universities, parks, and major commuter routes. The lot size is approximately 0.0406 acres, and the building size is approximately 1,710 square feet.

From an ownership perspective, the triplex generates current monthly rental income of approximately $3,250. The existing rents are described as below market, which may support strategies to align rents with market levels over time. With three separate units already in place, this property may fit buyers seeking an income-producing multifamily asset with a straightforward operating profile.

Key Highlights

  • Legally zoned and approved triplex with 3 residential units
  • Unit mix: 1BD/1BA and 2BD/1BA units, each with in‑unit washer and dryer
  • Current monthly rental income approximately $3,250; rents are currently below market

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 $44.1k $25.80
− Vacancy −$2.4k −$1.42
EGI $41.7k $24.38
− OpEx −$12.5k −$7.31
NOI $29.2k $17.06
1,710 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$416.9K
$364.8K – $486.4K (±1% cap)
NOI $29,181 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$384.2K
$336.2K – $448.3K (±1% cap)
NOI $26,897 @ 7.0% cap · market cap 8.03%
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

Suggested Use

Pet Grooming Service Tanning Salon Auto Parts Store Veterinary Clinic Clothing & Fashion Store (Bike/Boat/Book/etc) Store Plumbing Service Butcher Home Appliance Store Carpet & Flooring Store

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

FAQs

What type of property is this?
Triplex - Three-unit triplex with in-unit laundry and rear-yard access, offered for sale in Philadelphia.
Where is this triplex located?
The property is located at 5228 VINE Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Legally zoned and approved triplex with 3 residential units; Unit mix: 1BD/1BA and 2BD/1BA units, each with in‑unit washer and dryer; Current monthly rental income approximately $3,250; rents are currently below market
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