CMX3-Zoned
1340 W Westmoreland Street, Philadelphia, PA 19140
For Sale
$424,999
The property shares a lot line with Temple University’s School of Dentistry.
Property Size2,348 SF
Days on Market10
Property Features for 1340 W Westmoreland Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Other
Yes
No
Estimated
1
No Pool
Public
U50
0.03
On Street
Stone
24603.00
Building Details
Building Size
Year Built
Listing Agency:
Mercury Real Assocates
(215) 742-1770
Listed By:
Harris Kramer · License PA RM050954A
(215) 917-8015
Source:
Chennaultrealestate
Added: Nov 1
Changed: Nov 10
Last Checked: Nov 10 at 7:50PM
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 Mercury Real Assocates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex measures 2,348 SF and was built in 1935. Its CMX3 zoning is a key property detail for evaluating the site and its potential use.
The property shares a lot line with Temple University’s School of Dentistry in Philadelphia.
The property shares a lot line with Temple University’s School of Dentistry in Philadelphia.
Key Highlights
- 2,348 SF triplex
- CMX3 zoning
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,933
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,660
$738.7K
Cap Rate 7%
$527,614
$527.6K
Cap Rate 9%
$410,367
$410.4K
Market Conditions
NOI Build-Up for 2,348 SF
Gross rent
$71.3K $30.36/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$67.2K $28.60/SF
− OpEx
−$30.2K −$12.87/SF
NOI
$36.9K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,660
Cap Rate 7%
$527,614
Cap Rate 9%
$410,367
Alternative Uses
Best Use
Multifamily LT 5
$572.4K
$500.9K – $667.8K
NOI $40,068 @ 7.0% cap · market cap 9.43%
Second Best
Apartment 5plus
$527.6K
$461.7K – $615.6K
NOI $36,933 @ 7.0% cap · market cap 8.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,077
Businesses Nearby
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Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Philadelphia, PA
Properties on Market for Triplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property shares a lot line with Temple University’s School of Dentistry.
Where is this triplex located?
The property is located at 1340 W Westmoreland Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $424,999.
What are key features of this property?
This property features: 2,348 SF triplex; CMX3 zoning; Built in 1935
