New Construction Multifamily Investment
1731 West Montgomery Avenue, Philadelphia, PA 19121
Newly constructed, fully leased 3-unit property near Temple University.
Type:Multi-Family / Fee Simple
Property size:
3,510 SFPrice / SF:
$284/SF- Added:
- May 21, 2026
- Days on Market:
- 11
- Last Refresh:
- May 21 at 9:01 am
Property Features for 1731 West Montgomery Avenue
General Information
- Standard status
- Active
- Size
- 3,510 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2022
Listing agent Christopher J. Carr License #RM420776 (610) 326-2414
Listing office Simple Choice Realty, Inc. (610) 326-2414
Listing date May 21, 2026
Source Compass
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 Simple Choice Realty, Inc.
HighLights
- Newly constructed (2023) 3‑unit multifamily property in the Temple University area.
- 10‑year tax abatement.
- Fully leased through 2027 with $9,550 monthly income.
- High‑end modern finishes throughout.
- In‑unit laundry in all units.
- Located steps from Temple University, public transportation, and dining.
Overview
This newly constructed 3-unit multifamily property, completed in 2023, is located in the Temple University area. The property combines modern finishes with cash flow, presenting a turnkey investment opportunity. It benefits from a 10-year tax abatement and is fully leased through 2027, generating a total monthly rental income of $9,550. The building features contemporary kitchens, modern bathrooms, in-unit laundry, and living spaces designed to attract tenants. Situated steps from Temple University, public transportation, dining, and major development, the property offers newer construction, tax advantages, and stabilized income in Philadelphia’s rental market. The property size is 3,510 square feet.
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.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1635256
- Latitude
- 39.9811834
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Newly constructed, fully leased 3-unit property near Temple University.
Where is this triplex located?
The property is located at 1731 West 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.; 10‑year tax abatement.; Fully leased through 2027 with $9,550 monthly income.
