Triplex Residential Income
149 West Sharpnack Street Philadelphia, PA 19119
149 West Sharpnack Street, Philadelphia, PA, 19119
$625,000
For Sale
$625,000
Triplex features separate electric and gas meters plus in-unit washer and dryer for each unit.
Property Size2,682 SF
Price / SF$233.04
Days on Market51
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
Listing agency
Houwzer LLC-Haddonfield
(732) 620-0435
Listed by
Patricia M Gesswein · License #682871
(732) 620-0435
Source
Compass
Added: Jun 3 Updated: Jul 10 at 1:52PM Checked: Jul 22 at 6:48AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Triplex in West Mt Airy, Philadelphia (MLS area 19119)
- Each unit has its own electric and gas meters
- 100‑amp electrical service
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
NOI $45,768 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$602.7K
$527.3K – $703.1K
NOI $42,187 @ 7.0% cap · market cap 6.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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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 $625,000.
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
