1729 W Erie Avenue, Philadelphia, PA 19140
Turnkey 5-unit building with four 1-bedroom units and one studio near major transit and university healthcare.
- Added:
- May 14, 2026
- Days on Market:
- 34
- Last Refresh:
- Jun 15 at 6:25 am
Property Features for 1729 W Erie Avenue
General Information
- Standard status
- Active
- Size
- 2,456 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1930
Listing agent Philadelphia (856) 347-0434
Listing office OCF Realty LLC (856) 347-0434
Listing date May 14, 2026
Source Xome
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 OCF Realty LLC
HighLights
- 5‑unit multifamily building with four 1‑bed, 1‑bath units and one studio
- Year built: 1930
- Wall air conditioning; heating listed as "3"
- RM1 zoning; lot dimensions 16.00 x 100.00
- On‑street parking
- Near Broad Street transit, Temple University/Health System, neighborhood retail, and major bus routes; financials and rent roll available upon request
Overview
1729 W Erie Avenue is located in North Philadelphia’s West Allegheny area. The property is positioned near Broad Street transit, Temple University/Health System, neighborhood retail, and major bus routes, which are noted as demand drivers supporting occupancy.
For buyers seeking a residential income asset with a manageable unit mix, this property offers a straightforward portfolio building block: four similarly sized one-bedroom layouts paired with a studio unit. Financials and the rent roll are available upon request. The property may also be acquired as part of a three-property, 14-unit package that includes 3521 N 21st St and 2122 W Estaugh St.
Local Financial Insights For Apartment 5plus
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 | $74.6k | $30.36 |
| − Vacancy | −$4.3k | −$1.76 |
| EGI | $70.2k | $28.60 |
| − OpEx | −$31.6k | −$12.87 |
| NOI | $38.6k | $15.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1570338
- Latitude
- 40.0103073
