3-Unit Residential Income
4032 Baring Street Philadelphia, PA 19104
For Sale
$699,000
Pending
Built in 2012, this fully occupied 3-unit property offers two 2BR/1BA units and one 3BR/2BA unit.
Property Size3,673 SF
Days on Market488
Property Features for 4032 Baring Street
General Information
- Standard status
- Pending
- Size
- 3,673 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2012
Listing Agency:
KW Empower
(215) 783-7779
Listed By:
Steven Onesti · License #RS372317
(215) 783-7779
Source:
Compass
Added: Mar 23, 2025
Changed: Jul 21
Last Checked: Jul 23 at 10:38AM
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 KW Empower
Investment Insights
Based on property information with market context.
Built in 2012, this fully occupied 3-unit residential income property features a unit mix of two 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit. The units include hardwood floors, stainless-steel appliances, and in-unit washer and dryers.
The property is located in Philadelphia’s West Powelton area and is described as a short walk from the University of Pennsylvania and Drexel University, supporting consistent tenant demand. The listing also notes the property is within a Qualified Opportunity Zone, which may provide potential tax advantages for investors.
The seller is in the process of appealing taxes. The listing further states the asset is part of an eight-property portfolio that may be purchased individually or as a full or partial portfolio.
The property is located in Philadelphia’s West Powelton area and is described as a short walk from the University of Pennsylvania and Drexel University, supporting consistent tenant demand. The listing also notes the property is within a Qualified Opportunity Zone, which may provide potential tax advantages for investors.
The seller is in the process of appealing taxes. The listing further states the asset is part of an eight-property portfolio that may be purchased individually or as a full or partial portfolio.
Key Highlights
- Built in 2012, fully occupied 3‑unit multi‑family property in Philadelphia’s West Powelton neighborhood
- Unit mix: two 2BR/1BA units and one 3BR/2BA unit (7 total bedrooms)
- Modern interior features include hardwood floors, stainless‑steel appliances, and in‑unit washer/dryers
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 | $94.8k | $25.80 |
| − Vacancy | −$5.2k | −$1.42 |
| EGI | $89.5k | $24.38 |
| − OpEx | −$26.9k | −$7.31 |
| NOI | $62.7k | $17.06 |
3,673 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$895.4K
$783.5K – $1.04M
NOI $62,679 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$825.4K
$722.2K – $962.9K
NOI $57,775 @ 7.0% cap · market cap 8.27%
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
FAQs
What type of property is this?
Triplex - Built in 2012, this fully occupied 3-unit property offers two 2BR/1BA units and one 3BR/2BA unit.
Where is this triplex located?
The property is located at 4032 Baring Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Built in 2012, fully occupied 3‑unit multi‑family property in Philadelphia’s West Powelton neighborhood; Unit mix: two 2BR/1BA units and one 3BR/2BA unit (7 total bedrooms); Modern interior features include hardwood floors, stainless‑steel appliances, and in‑unit washer/dryers
