Three-Unit Triplex with Separate
For Sale
$550,000
129 GAY ST, Philadelphia, PA 19127
Manayunk property near Main Street with individual kitchens, bathrooms, and living areas in each residence.
Property Size2,064 SF
Price / SF$266.47
Days on Market55
Property Features for 129 GAY ST
General Information
Standard status
Active
Size
2,064 SF
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Multifamily Units
3
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Kristin Daly · License #AB067063
(267) 266-8629
Source:
Cathyshometeam
Added: Aug 21
Changed: Oct 2
Last Checked: Oct 12 at 7:38PM
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.
This 2,064-square-foot triplex, built in 1900, contains three separate residential units. Each unit includes its own kitchen, bathroom, and living area, providing distinct layouts within the property. The building is located at 129 Gay Street in Philadelphia’s Manayunk neighborhood.
The property sits near Main Street and the neighborhood’s restaurants, retail, nightlife, and outdoor recreation. Public transportation and major roadways are also accessible from the area, adding connectivity to the surrounding district and broader Philadelphia market.
The property sits near Main Street and the neighborhood’s restaurants, retail, nightlife, and outdoor recreation. Public transportation and major roadways are also accessible from the area, adding connectivity to the surrounding district and broader Philadelphia market.
Key Highlights
- Three separate residential units within a 2,064‑square‑foot triplex
- Each unit has its own kitchen, bathroom, and living area
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,222
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,440
$704.4K
Cap Rate 7%
$503,171
$503.2K
Cap Rate 9%
$391,356
$391.4K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$53.3K $25.80/SF
− Vacancy
−$2.9K −$1.42/SF
EGI
$50.3K $24.38/SF
− OpEx
−$15.1K −$7.31/SF
NOI
$35.2K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,440
Cap Rate 7%
$503,171
Cap Rate 9%
$391,356
Alternative Uses
Best Use
Multifamily LT 5
$503.2K
$440.3K – $587.0K
NOI $35,222 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,466 @ 7.0% cap · market cap 5.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
Explore this area
Business Placement
Demographics for 19127, PA
6,929
Population
3,496
Households
2
Avg Household Size
29
Median Age
77%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
11,548
Density / Sq Mi
$99,792
Median Household Income
$73,061
Median Earnings
$1,765
Median Rent
$298,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Manayunk property near Main Street with individual kitchens, bathrooms, and living areas in each residence.
Where is this triplex located?
The property is located at 129 GAY ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three separate residential units within a 2,064‑square‑foot triplex; Each unit has its own kitchen, bathroom, and living area; Built in 1900
