Three-Unit
1811 W Montgomery Avenue, Philadelphia, PA 19121
For Sale
$450,000
Each residence has its own entrance and a distinct interior character.
Property Size1,878 SF
Days on Market12
Property Features for 1811 W Montgomery Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Outside Entrance
Solid Hardwood,Partially Carpeted,Ceramic Tile
Electric,Natural Gas
Yes
No
3
Assessor
No Pool
Corner
Public
U50
15.00 x 59.00
0.02
On Street
Sidewalks,Street Lights
Brick/Mortar,Concrete Perimeter
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Tesla Realty Group, LLC
(844) 837-5274
Listed By:
Pamela Roberts
Source:
Chennaultrealestate
Added: Oct 30
Changed: Nov 10
Last Checked: Nov 9 at 8:52PM
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 Tesla Realty Group, LLC
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Investment Insights
Based on property information with market context.
This legal triplex contains three residences, each with an outside entrance. Interiors include pine hardwood flooring, carpeted bedrooms, and tiled kitchens and bathrooms, along with standard appliances and spacious bedrooms. The building dates to 1915 and has a brick exterior. The property is offered in as-is condition.
Key Highlights
- Legal triplex with 3 residences
- Built in 1915
- Individual outside entrance for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,048
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,960
$641.0K
Cap Rate 7%
$457,829
$457.8K
Cap Rate 9%
$356,089
$356.1K
Market Conditions
NOI Build-Up for 1,878 SF
Gross rent
$48.5K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$45.8K $24.38/SF
− OpEx
−$13.7K −$7.31/SF
NOI
$32.0K $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%
$640,960
Cap Rate 7%
$457,829
Cap Rate 9%
$356,089
Alternative Uses
Best Use
Multifamily LT 5
$457.8K
$400.6K – $534.1K
NOI $32,048 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$422.0K
$369.3K – $492.3K
NOI $29,540 @ 7.0% cap · market cap 6.56%
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?
See the owner, sales and loan history
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,980
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
$250,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Each residence has its own entrance and a distinct interior character.
Where is this triplex located?
The property is located at 1811 W Montgomery Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Legal triplex with 3 residences; Built in 1915; Individual outside entrance for each unit
