Renovated Triplex With Rear
For Sale
$299,999
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 Market12
Property Features for 1729 W VENANGO STREET
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Triplex
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
(267) 575-1325
Listed By:
Aldo Torres
(267) 575-1325
Source:
Patmckennarealtors
Added: Aug 20
Changed: Aug 31
Last Checked: Aug 30 at 11:36PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,671
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
