3-Unit Student Housing
1734 MONUMENT STREET, Philadelphia, PA 19121
For Sale
$465,000
Built in 2009, the property is a five-minute walk from Temple’s main campus.
Property Size2,145 SF
Price / SF$216.78
Days on Market1021
Property Features for 1734 MONUMENT STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
laundry
yard
Building Details
Building Size
Year Built
Listing Agency:
GE21 Realty
Listed By:
Xia Zhao · License PA AB067107
(267) 210-8523
Source:
Desantis-realestate
Added: Jan 26, 2024
Changed: Nov 8
Last Checked: Nov 10 at 8:25PM
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 GE21 Realty
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Investment Insights
Based on property information with market context.
This 2,145-square-foot triplex contains three units: a basement studio, a three-bedroom, three-bathroom Unit A, and a four-bedroom, three-bathroom Unit B. Unit A has a kitchen, yard, and spiral stairway to an upper-level bedroom and bath. Unit B is arranged across two floors, with kitchen and living space on the second floor and additional bedrooms on the third. Basement laundry serves the property.
The building is located at 1734 Monument Street in Philadelphia, a five-minute walk from Temple’s main campus. The studio is occupied through May 31, 2027; leases for Units A and B run through July 27, 2027.
The building is located at 1734 Monument Street in Philadelphia, a five-minute walk from Temple’s main campus. The studio is occupied through May 31, 2027; leases for Units A and B run through July 27, 2027.
Key Highlights
- Three‑unit triplex totaling 2,145 square feet
- Basement studio, three‑bedroom/three‑bathroom Unit A, and four‑bedroom/three‑bathroom Unit B
- Unit A includes a yard and spiral stairway to an upper‑level bedroom and bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,604
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,080
$732.1K
Cap Rate 7%
$522,914
$522.9K
Cap Rate 9%
$406,711
$406.7K
Market Conditions
NOI Build-Up for 2,145 SF
Gross rent
$55.3K $25.80/SF
− Vacancy
−$3.0K −$1.42/SF
EGI
$52.3K $24.38/SF
− OpEx
−$15.7K −$7.31/SF
NOI
$36.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,080
Cap Rate 7%
$522,914
Cap Rate 9%
$406,711
Alternative Uses
Best Use
Multifamily LT 5
$522.9K
$457.6K – $610.1K
NOI $36,604 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$482.0K
$421.8K – $562.3K
NOI $33,740 @ 7.0% cap · market cap 7.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,065
Businesses Nearby
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Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Philadelphia, PA
Properties on Market for Triplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Built in 2009, the property is a five-minute walk from Temple’s main campus.
Where is this triplex located?
The property is located at 1734 MONUMENT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 2,145 square feet; Basement studio, three‑bedroom/three‑bathroom Unit A, and four‑bedroom/three‑bathroom Unit B; Unit A includes a yard and spiral stairway to an upper‑level bedroom and bath
