Triplex with Private Rear
124 E Chestnut Hill Avenue Philadelphia, PA 19118
124 E Chestnut Hill Avenue, Philadelphia, PA, 19118
$695,000
For Sale
$695,000
Three-unit triplex features updated kitchens, in-unit laundry, hardwood floors, and a fully fenced, landscaped rear garden.
Property Size2,232 SF
Price / SF$311.38
Days on Market287
Property Features for 124 E Chestnut Hill Avenue
General Information
- Standard status
- Active
- Size
- 2,232 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1925
Listing agency
RE/MAX One
(856) 222-0077
Listed by
Ryan LeBon
Source
Thetristaterealestategroup
Added: Oct 10, 2025 Updated: Jul 22 at 12:02AM Checked: Jul 22 at 3:11AM
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 RE/MAX One
Investment Insights
Based on property information with market context.
This well-maintained triplex offers three residential units with updated interiors. The two upper-level units include separate 2BR/1BA layouts, and the third unit is configured as a 1BR/1BA. Kitchens have been updated with cabinetry, farmhouse sinks, stainless steel appliances, and each unit includes in-unit laundry. Hardwood floors and neutral finishes run throughout the interiors. Select units provide private outdoor space, including balconies or rooftop deck access.
The property includes a fully fenced, landscaped rear garden designed as a private green space.
Located in Chestnut Hill, the building is described as walkable to Germantown Avenue, nearby cafes, and Chestnut Hill East/West trains, with Wissahickon trails also in the area.
The property includes a fully fenced, landscaped rear garden designed as a private green space.
Located in Chestnut Hill, the building is described as walkable to Germantown Avenue, nearby cafes, and Chestnut Hill East/West trains, with Wissahickon trails also in the area.
Key Highlights
- Triplex built in 1925 with three rental units and total living area recorded by the Assessor
- Two 2BR/1BA units plus one 1BR/1BA unit in a triplex configuration
- Updated kitchens in each unit with stainless steel appliances and in‑unit laundry in all 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 | $57.6k | $25.80 |
| − Vacancy | −$3.2k | −$1.42 |
| EGI | $54.4k | $24.38 |
| − OpEx | −$16.3k | −$7.31 |
| NOI | $38.1k | $17.06 |
2,232 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.1K
$476.1K – $634.8K
NOI $38,089 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$501.5K
$438.9K – $585.1K
NOI $35,108 @ 7.0% cap · market cap 5.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Three-unit triplex features updated kitchens, in-unit laundry, hardwood floors, and a fully fenced, landscaped rear garden.
Where is this triplex located?
The property is located at 124 E Chestnut Hill Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Triplex built in 1925 with three rental units and total living area recorded by the Assessor; Two 2BR/1BA units plus one 1BR/1BA unit in a triplex configuration; Updated kitchens in each unit with stainless steel appliances and in‑unit laundry in all units
