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    Triplex Residential Income Property Title is generated by Realmo AI

    149 West Sharpnack Street, Philadelphia, PA 19119

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    For Sale
    $740,000

    Triplex features separate electric and gas meters plus in-unit washer and dryer for each unit.

    Type:Multi-Family / Fee Simple
    Property size:
    2,682 SF
    Price / SF:
    $275/SF
    Added:
    May 31, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 6 at 5:18 am

    Property Features for 149 West Sharpnack Street

    General Information

    Standard status
    Active
    Size
    2,682 SF
    Property subtype
    Multi-Family / Fee Simple

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Patricia M Gesswein
    Patricia M Gesswein

    Listing agent Patricia M Gesswein License #682871

    Listing office Houwzer LLC-Haddonfield

    Listing date May 31, 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 Houwzer LLC-Haddonfield

    HighLights

    • Triplex in West Mt Airy, Philadelphia (MLS area 19119)
    • Each unit has its own electric and gas meters
    • 100‑amp electrical service
    • Washer and dryer in each unit
    • Brand new high‑efficiency boiler and water‑heater provide heat and hot water for the entire property
    • No pool

    Overview

    This for-sale triplex offers three residential units with separate utility metering, including individual electric and gas meters for each unit. The property includes 100-amp electrical service, and each unit is equipped with its own washer and dryer. Heat and hot water are supported by a brand new high-efficiency boiler and water-heater serving the property.

    Located in West Mt Airy, Philadelphia, the home is surrounded by extensive green space within the Fairmount Park system, including areas such as Carpenter’s Woods and multiple nearby arboretums. The property is also described as close to shopping and Weaver’s Way food co-ops, with access to major roadways including Germantown Avenue and Lincoln Drive, as well as rail and bus services.

    For tenants and owners, the layout supports straightforward, unit-by-unit living with dedicated laundry in each unit and independently metered utilities. The property configuration and recent mechanical upgrades for heating and hot water make it well suited for buyers looking for a residential income asset with practical day-to-day manageability.

    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 $69.2k $25.80
    − Vacancy −$3.8k −$1.42
    EGI $65.4k $24.38
    − OpEx −$19.6k −$7.31
    NOI $45.8k $17.06
    2,682 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $653.8K
    $572.1K – $762.8K (±1% cap)
    NOI $45,768 @ 7.0% cap · market cap 6.18%
    Second Best
    Apartment 5plus
    $602.7K
    $527.3K – $703.1K (±1% cap)
    NOI $42,187 @ 7.0% cap · market cap 5.70%
    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

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1812403
    Latitude
    40.0522209

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    FAQs

    What type of property is this?
    Triplex - Triplex features separate electric and gas meters plus in-unit washer and dryer for each unit.
    Where is this triplex located?
    The property is located at 149 West Sharpnack Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $740,000.
    What are key features of this property?
    This property features: Triplex in West Mt Airy, Philadelphia (MLS area 19119); Each unit has its own electric and gas meters; 100‑amp electrical service
    (732) 620-0435
    We can help!
    Listing Contact
    Patricia M Gesswein
    Patricia M Gesswein
    Real Estate License ID: 682871
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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