Renovated Triplex With Rear
For Sale
$299,999
Pending
1729 W VENANGO STREET, Philadelphia, PA 19140
Legal three-unit property with two renovated vacant apartments and an occupied studio.
Property Size1,632 SF
Days on Market66
Property Features for 1729 W VENANGO STREET
General Information
Standard status
Pending
Size
1,632 SF
Property subtype
Triplex
Site & Location
Neighborhood
North Philadelphia
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA, 1 x studio
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,411
Amenities
rear yard
Building Details
Building Size
1,632 SF
Year Built
1930
Buildings
1
Tenancy
Single
Listing Agency:
Homestarr Realty
Listed By:
Aldo Torres
(267) 575-1325
Source:
Patmckennarealtors
Added: Aug 20
Changed: Oct 21
Last Checked: Oct 23 at 2:16PM
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 Homestarr Realty
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Investment Insights
Based on property information with market context.
This legal triplex, built in 1930, includes three distinct apartments: a renovated two-bedroom, one-bath unit, a renovated one-bedroom, one-bath unit, and a studio. The two renovated apartments are vacant, while the studio has a month-to-month tenant. The property is all-electric for building operations.
A substantial rear yard adds outdoor space and is accessible from the one-bedroom apartment. The property is near Broad Street, Temple Hospital, and Temple University, placing the three-unit residential asset within an established Philadelphia setting.
A substantial rear yard adds outdoor space and is accessible from the one-bedroom apartment. The property is near Broad Street, Temple Hospital, and Temple University, placing the three-unit residential asset within an established Philadelphia setting.
Key Highlights
- Legal triplex with three separate apartments
- Renovated 2‑bedroom, 1‑bath apartment is vacant
- Renovated 1‑bedroom, 1‑bath apartment is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,671
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,420
$513.4K
Cap Rate 7%
$366,729
$366.7K
Cap Rate 9%
$285,233
$285.2K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$49.5K $30.36/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$46.7K $28.60/SF
− OpEx
−$21.0K −$12.87/SF
NOI
$25.7K $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%
$513,420
Cap Rate 7%
$366,729
Cap Rate 9%
$285,233
Alternative Uses
Best Use
Multifamily LT 5
$397.9K
$348.1K – $464.2K
NOI $27,850 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$366.7K
$320.9K – $427.9K
NOI $25,671 @ 7.0% cap · market cap 8.56%
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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Lease Details
3
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,216
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-unit property with two renovated vacant apartments and an occupied studio.
Where is this triplex located?
The property is located at 1729 W VENANGO STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Legal triplex with three separate apartments; Renovated 2‑bedroom, 1‑bath apartment is vacant; Renovated 1‑bedroom, 1‑bath apartment is vacant
