1006 Belmont Avenue Philadelphia, PA 19104
Well-maintained triplex near universities and hospitals, ideal for investors.
Property Features for 1006 Belmont Avenue
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing office Prosperity Real Estate & Investment Services (866) 327-7673
Listing date May 7, 2026
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in University City, near University of Pennsylvania, Drexel University, and major hospitals.
- Triplex property offers immediate rental income potential.
- One vacant unit provides flexibility for owner occupancy or market‑rate leasing.
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 | $46.4k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $43.9k | $24.38 |
| − OpEx | −$13.2k | −$7.31 |
| NOI | $30.7k | $17.06 |
