Triplex with Bonus
2122 West Estaugh Street Philadelphia, PA 19140
2122 West Estaugh Street, Philadelphia, PA, 19140
$359,900
For Sale
$359,900
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 Market65
Property Features for 2122 West Estaugh Street
General Information
- Standard status
- Active
- Size
- 1,446 SF
- Property subtype
- Multi-Family / Fee Simple
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 Updated: Jul 10 at 1:51PM Checked: Jul 20 at 4:10AM
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
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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
