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 Market248
Property Features for 1735 W Montgomery Ave
General Information
Standard status
Pending
Size
2,835 SF
Property subtype
Residential Income
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,438
Building Details
Buildings
1
Listing Agency:
Philly LMG, LLC
(215) 545-7007
Listed By:
Sabina Palermo · License #RS345386
(215) 821-5527
Source:
Exprealty
Added: Feb 17
Changed: Oct 7
Last Checked: Oct 23 at 7:20AM
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
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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 / Yr
$48,379
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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Open Analytics
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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
