Renovated Triplex with Rear
For Sale
$299,999
1729 W VENANGO Street, Philadelphia, PA 19140
Multi-Family, PHILADELPHIA, PA
Property Size1,632 SF
Lot Size0.04 Acres
Price / SF$183.82
Days on Market11
Property Features for 1729 W VENANGO Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,632 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2411
Utilities
Heating system
Baseboard, Electric (Heating)
Amenities
rear yard
Building Details
Year built
1930
Number of units
3
Building materials
Masonry
Listing Agency:
Homestarr Realty
(215) 355-5565
Listed By:
Aldo Torres
(267) 575-1325
Added: Aug 20
Last Checked: Aug 30 at 6:06AM
MLS# PAPH2662146
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal triplex contains 1,632 square feet on a 0.0442-acre lot and was built in 1930. The masonry property includes a renovated two-bedroom, one-bath apartment, a renovated one-bedroom, one-bath apartment, and a studio unit occupied by a month-to-month tenant. The one-bedroom unit provides access to a large rear yard, adding private outdoor space to the property. Heating is electric with baseboard systems, and parking is available on the street.
Located at 1729 W Venango Street in Philadelphia, the property is near Broad Street, Temple Hospital, and Temple University. The two renovated apartments are vacant, while the studio is currently occupied, creating a three-unit configuration with varied occupancy status.
Located at 1729 W Venango Street in Philadelphia, the property is near Broad Street, Temple Hospital, and Temple University. The two renovated apartments are vacant, while the studio is currently occupied, creating a three-unit configuration with varied occupancy status.
Key Highlights
- Legal triplex with 1,632 square feet on a 0.0442‑acre lot
- Two renovated vacant units: 2‑bedroom/1‑bath and 1‑bedroom/1‑bath
- Studio apartment occupied by a month‑to‑month tenant
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
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 - Masonry triplex with two renovated vacant units, an occupied studio, and all-electric building systems.
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 1,632 square feet on a 0.0442‑acre lot; Two renovated vacant units: 2‑bedroom/1‑bath and 1‑bedroom/1‑bath; Studio apartment occupied by a month‑to‑month tenant
