University City Triplex For
1006 Belmont Avenue, Philadelphia, PA 19104
Well-maintained triplex near universities and hospitals, ideal for investors.
Type:Multi-Family / Fee Simple
Property size:
1,800 SFPrice / SF:
$194/SF- Added:
- May 17, 2026
- Days on Market:
- 15
- Last Refresh:
- May 18 at 9:08 pm
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 agent Kirk Waechter License #RM423448 (866) 327-7673
Listing office Prosperity Real Estate & Investment Services (866) 327-7673
Listing date May 17, 2026
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Prosperity Real Estate & Investment Services
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.
- Strong cash flow opportunity in a high‑demand rental area.
- Two 2‑bedroom units are currently rented.
- Accessibility features include lever handle door(s).
Overview
This well-maintained triplex is located in the heart of University City, offering immediate income and upside potential. The property features two 2-bedroom, 1-bathroom units that are currently rented, along with one vacant 1-bedroom, 1-bathroom unit, making it suitable for an owner-occupant or for leasing at market rent. The property's location is advantageous for rentals, being just minutes from the University of Pennsylvania, Drexel University, Children's Hospital of Philadelphia, and the Hospital of the University of Pennsylvania. This presents a great opportunity for investors seeking cash flow in a high-demand corridor. The property size is 1800 square feet. The property will be sold in AS-IS condition, and the buyer is responsible for U&O.
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 |
1,800 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.8K
$384.0K – $512.0K
NOI $30,717 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$404.5K
$353.9K – $471.9K
NOI $28,313 @ 7.0% cap · market cap 8.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.21226
- Latitude
- 39.97176
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained triplex near universities and hospitals, ideal for investors.
Where is this triplex located?
The property is located at 1006 Belmont Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 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.
