Three-Unit Multifamily
For Sale
$550,000
Pending
1735 W Montgomery Ave, Philadelphia, PA 19121
Three residential units with high-bedroom layouts near Temple University, suitable for student housing or shared living.
Property Size2,835 SF
Days on Market195
Property Features for 1735 W Montgomery Ave
General Information
Standard status
Pending
Size
2,835 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,438
Building Details
Buildings
1
Listing Agency:
Philly LMG, LLC
(215) 821-5527
Listed By:
Sabina Palermo · License #RS345386
(215) 821-5527
Source:
Exprealty
Added: Feb 17
Changed: Aug 30
Last Checked: Aug 30 at 10:20PM
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 Philly LMG, LLC
Investment Insights
Based on property information with market context.
This three-unit multifamily property contains 2,835 SF and offers a consistent residential configuration: two apartments with 3 bedrooms and 1 bath each, plus a third apartment with 3 bedrooms and 2 baths. The property is being sold as-is.
Located at 1735 W Montgomery Ave in Philadelphia, the building is near Temple University, the Broad Street Line, multiple bus routes, campus amenities, dining, and retail. The bedroom-heavy unit mix supports the student housing and shared living arrangements identified for the property.
Located at 1735 W Montgomery Ave in Philadelphia, the building is near Temple University, the Broad Street Line, multiple bus routes, campus amenities, dining, and retail. The bedroom-heavy unit mix supports the student housing and shared living arrangements identified for the property.
Key Highlights
- Three residential units totaling 2,835 SF
- Unit mix includes two 3‑bedroom/1‑bath apartments and one 3‑bedroom/2‑bath apartment
- Near Temple University and the Broad Street Line
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
$48,379
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
8.80%
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%
$967,580
$967.6K
Cap Rate 7%
$691,129
$691.1K
Cap Rate 9%
$537,544
$537.5K
Market Conditions
NOI Build-Up for 2,835 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
$73.1K $25.80/SF
− Vacancy
−$4.0K −$1.42/SF
EGI
$69.1K $24.38/SF
− OpEx
−$20.7K −$7.31/SF
NOI
$48.4K $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 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%
$967,580
Cap Rate 7%
$691,129
Cap Rate 9%
$537,544
Alternative Uses
Best Use
Multifamily LT 5
$691.1K
$604.7K – $806.3K
NOI $48,379 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$637.0K
$557.4K – $743.2K
NOI $44,593 @ 7.0% cap · market cap 8.11%
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
2,065
Businesses Nearby
Explore this area
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
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 - Three residential units with high-bedroom layouts near Temple University, suitable for student housing or shared living.
Where is this triplex located?
The property is located at 1735 W Montgomery Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three residential units totaling 2,835 SF; Unit mix includes two 3‑bedroom/1‑bath apartments and one 3‑bedroom/2‑bath apartment; Near Temple University and the Broad Street Line
