Three-Unit Triplex with Two-Car
For Sale
$485,000
Pending
210 LOCKART LANE, Philadelphia, PA 19116
Residential income property with a studio and two-bedroom units, plus a fenced backyard and attached garage.
Property Size1,844 SF
Days on Market63
Property Features for 210 LOCKART LANE
General Information
Standard status
Pending
Size
1,844 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x studio, 2 x 2BR/1BA
Multifamily Units
3
Amenities
fenced backyard
Building Details
Year Built
1969
Listing Agency:
Houwzer, LLC
Listed By:
Patricia M Gesswein · License #RS067440
(267) 765-2080
Source:
Cummingsrealtors
Added: Aug 14
Changed: Oct 15
Last Checked: Oct 15 at 12:47AM
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 Houwzer, LLC
Investment Insights
Based on property information with market context.
This triplex contains three residential units with distinct layouts. The ground-level residence is a studio with a full bathroom and kitchen, while the upper-level apartments each provide two bedrooms and one bathroom. A two-car garage and fenced backyard add functional amenities to the property. The building was constructed in 1969 and has a property size of 1,844.
Located in Northeast Philadelphia at 210 Lockart Lane, the property is near shopping, restaurants, public transportation, major highways, schools, and neighborhood parks. All three units are currently occupied under month-to-month leases, providing an existing rental configuration for an owner or investor to evaluate.
Located in Northeast Philadelphia at 210 Lockart Lane, the property is near shopping, restaurants, public transportation, major highways, schools, and neighborhood parks. All three units are currently occupied under month-to-month leases, providing an existing rental configuration for an owner or investor to evaluate.
Key Highlights
- Three‑unit triplex with a studio and two 2‑bedroom, 1‑bathroom apartments
- Ground‑level studio includes a full bathroom and kitchen
- Two‑car garage and fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,468
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,360
$629.4K
Cap Rate 7%
$449,543
$449.5K
Cap Rate 9%
$349,644
$349.6K
Market Conditions
NOI Build-Up for 1,844 SF
Gross rent
$47.6K $25.80/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$45.0K $24.38/SF
− OpEx
−$13.5K −$7.31/SF
NOI
$31.5K $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%
$629,360
Cap Rate 7%
$449,543
Cap Rate 9%
$349,644
Alternative Uses
Best Use
Multifamily LT 5
$449.5K
$393.4K – $524.5K
NOI $31,468 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$414.4K
$362.6K – $483.4K
NOI $29,005 @ 7.0% cap · market cap 5.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 19116, PA
35,610
Population
14,166
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,848
Density / Sq Mi
$67,558
Median Household Income
$43,817
Median Earnings
$1,214
Median Rent
$321,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Residential income property with a studio and two-bedroom units, plus a fenced backyard and attached garage.
Where is this triplex located?
The property is located at 210 LOCKART LANE Philadelphia, PA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Three‑unit triplex with a studio and two 2‑bedroom, 1‑bathroom apartments; Ground‑level studio includes a full bathroom and kitchen; Two‑car garage and fenced backyard
