Updated Triplex With Finished Bonus
New
For Sale
$295,000
2122 W ESTAUGH Street, Philadelphia, PA 19140
Multi-Family, PHILADELPHIA, PA
Property Size1,446 SF
Lot Size0.04 Acres
Price / SF$204.01
Days on Market3
Property Features for 2122 W ESTAUGH Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Subdivision
ALLEGHENY WEST
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,446 SF
Lot size
0.04 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
1409
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1939
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 735-7368
Listed By:
Dava Costello · License #RS332269
(267) 304-1771
Added: Oct 28
Last Checked: Oct 30 at 1:06AM
MLS# PAPH2682144
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,446-square-foot masonry triplex was built in 1939 and contains three updated, legal apartments: two studios and one one-bedroom, one-bath unit. A finished bonus unit is also present but is not legalized. Central heating and central air serve the building, and parking is on street.
The property is in Philadelphia, near Broad Street, Temple Health, Roosevelt Boulevard, transit, neighborhood retail and bus routes. It sits on a 0.0365-acre lot.
The property is in Philadelphia, near Broad Street, Temple Health, Roosevelt Boulevard, transit, neighborhood retail and bus routes. It sits on a 0.0365-acre lot.
Key Highlights
- Three legal, updated units: two studios and one 1‑bedroom/1‑bath apartment
- Finished bonus unit is present and requires legalization
- 1,446 square feet in a masonry building constructed in 1939
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,676
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,520
$493.5K
Cap Rate 7%
$352,514
$352.5K
Cap Rate 9%
$274,178
$274.2K
Market Conditions
NOI Build-Up for 1,446 SF
Gross rent
$37.3K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$35.3K $24.38/SF
− OpEx
−$10.6K −$7.31/SF
NOI
$24.7K $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%
$493,520
Cap Rate 7%
$352,514
Cap Rate 9%
$274,178
Alternative Uses
Best Use
Multifamily LT 5
$352.5K
$308.5K – $411.3K
NOI $24,676 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$324.9K
$284.3K – $379.1K
NOI $22,745 @ 7.0% cap · market cap 7.71%
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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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,724
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
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 - The masonry building combines three legal apartments with a separate finished space that requires legalization.
Where is this triplex located?
The property is located at 2122 W ESTAUGH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three legal, updated units: two studios and one 1‑bedroom/1‑bath apartment; Finished bonus unit is present and requires legalization; 1,446 square feet in a masonry building constructed in 1939
