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New Construction Multifamily Investment Property

1731 West Montgomery Avenue Philadelphia, PA 19121

1731 West Montgomery Avenue, Philadelphia, PA, 19121

$999,999

For Sale

$999,999

Newly constructed, fully leased 3-unit property near Temple University.

Property Size3,510 SF

Price / SF$284.90

AddedMay 21

Days on Market56

Last RefreshJul 5 at 4:29 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 office HomeZu by Simple Choice

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 HomeZu by Simple Choice

Investment Insights

Based on property information with market context.

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.

Key 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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $59,898 @ 7.0% cap · market cap 5.99%

Second Best

Apartment 5plus

$788.7K

$690.1K – $920.2K (±1% cap)

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

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For sale
Triplexes
PA
Philadelphia
19121
1731 West Montgomery Avenue

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.