Triplex with Bonus
For Sale
$359,900
2122 West Estaugh Street, Philadelphia, PA 19140
Three updated legal units plus a finished bonus unit requiring legalization, offering flexibility for income-focused ownership.
Property Size1,446 SF
Price / SF$248.89
Days on Market75
Property Features for 2122 West Estaugh Street
General Information
Standard status
Active
Size
1,446 SF
Property subtype
Multi-Family / Fee Simple
Additional Details
Multifamily Units
4
Building Details
Year Built
1939
Listing Agency:
OCF Realty LLC - Philadelphia
(856) 347-0434
Listed By:
Kevin M McGettigan · License #RS326539
(856) 347-0434
Source:
Compass
Added: May 18
Changed: Jul 10
Last Checked: Jul 31 at 12:21PM
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 OCF Realty LLC - Philadelphia
Investment Insights
Based on property information with market context.
This property consists of three legal, updated rental units, including two studio units and one 1 bed/1 bath unit. In addition, there is a finished “bonus unit” on-site that is currently present but requires legalization before it can be operated as a fully permitted rental. Overall, the building offers a straightforward base of existing legal units alongside an additional space that can be brought into compliance.
The location is described as well-positioned near Broad Street and Temple Health, with close proximity to transit, Roosevelt Boulevard, neighborhood retail, and key bus routes. The surrounding access to public transportation and nearby neighborhood services supports practical day-to-day tenant convenience.
For buyers seeking a small multifamily with current, in-place rental operations, the three legal units provide an immediate rental foundation. The presence of the finished bonus unit also creates a potential path to add another legalized unit by completing the required legalization steps. The property is available for sale individually, or as part of a three-property package totaling 14 units, with additional financial information available upon request.
The location is described as well-positioned near Broad Street and Temple Health, with close proximity to transit, Roosevelt Boulevard, neighborhood retail, and key bus routes. The surrounding access to public transportation and nearby neighborhood services supports practical day-to-day tenant convenience.
For buyers seeking a small multifamily with current, in-place rental operations, the three legal units provide an immediate rental foundation. The presence of the finished bonus unit also creates a potential path to add another legalized unit by completing the required legalization steps. The property is available for sale individually, or as part of a three-property package totaling 14 units, with additional financial information available upon request.
Key Highlights
- Multifamily with 3 legal, updated units: 2 studios and 1 one bed, 1 bath unit
- Includes a finished bonus unit that requires legalization
- Year built: 1939
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.3k | $25.80 |
| − Vacancy | −$2.1k | −$1.42 |
| EGI | $35.3k | $24.38 |
| − OpEx | −$10.6k | −$7.31 |
| NOI | $24.7k | $17.06 |
1,446 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.5K
$308.5K – $411.3K
NOI $24,676 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$324.9K
$284.3K – $379.1K
NOI $22,745 @ 7.0% cap · market cap 6.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 updated legal units plus a finished bonus unit requiring legalization, offering flexibility for income-focused ownership.
Where is this triplex located?
The property is located at 2122 West Estaugh Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Multifamily with 3 legal, updated units: 2 studios and 1 one bed, 1 bath unit; Includes a finished bonus unit that requires legalization; Year built: 1939
