Newly Constructed 3-Unit
1731 W MONTGOMERY Avenue Philadelphia, PA 19121
1731 W MONTGOMERY Avenue, Philadelphia, PA, 19121
$999,999
For Sale
Under Contract
$999,999
MULTI_FAMILY - Colonial - PHILADELPHIA, PA
Property Size3,510 SF
Lot Size0.04 Acres
Price / SF$284.90
Days on Market58
Property Features for 1731 W MONTGOMERY Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Parking features
- On Street
- Standard status
- Active Under Contract
- Size
- 3,510 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1153
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2022
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Colonial
Listing Agency
HomeZu by Simple Choice
(855) 885-4663
2031 Wisteria Lane, Lafayette Hill, PA
Listed by
Christopher J Carr · License #RM420776
(855) 885-4663
Added: May 22 Checked: Jul 18 at 11:06 pm
MLS# PAPH2624150
Listing URL
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.
1731 W Montgomery Ave is a newly constructed 3-unit multifamily property completed in 2023. The building offers contemporary kitchens, modern bathrooms, and in-unit laundry for each unit.
The property is located in the Temple University area and is described as being just steps from Temple University, public transportation, dining, and major development in the surrounding area. In addition, the property benefits from a 10-year tax abatement and is fully leased through 2027, with current in-place rents totaling $9,550 per month.
The property is located in the Temple University area and is described as being just steps from Temple University, public transportation, dining, and major development in the surrounding area. In addition, the property benefits from a 10-year tax abatement and is fully leased through 2027, with current in-place rents totaling $9,550 per month.
Key Highlights
- Newly constructed (2023) 3‑unit multifamily property in the Temple University area.
- Enjoy a 10‑year tax abatement.
- Fully leased through 2027 generating $9,550 monthly income.
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 | $90.6k | $25.80 |
| − Vacancy | −$5.0k | −$1.42 |
| EGI | $85.6k | $24.38 |
| − OpEx | −$25.7k | −$7.31 |
| NOI | $59.9k | $17.06 |
3,510 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$855.7K
$748.7K – $998.3K
NOI $59,898 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$788.7K
$690.1K – $920.2K
NOI $55,211 @ 7.0% cap · market cap 5.52%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Newly built 2023 three-unit property, fully leased through 2027 with in-place rents totaling $9,550/month.
Where is this triplex located?
The property is located at 1731 W MONTGOMERY Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Newly constructed (2023) 3‑unit multifamily property in the Temple University area.; Enjoy a 10‑year tax abatement.; Fully leased through 2027 generating $9,550 monthly income.
