3-Unit Triplex with Outdoor
For Sale
$549,900
216 ROCHELLE AVENUE, Philadelphia, PA 19128
Each residence is occupied and features a one-bedroom, one-bathroom layout.
Property Size2,629 SF
Price / SF$209.17
Days on Market10
Property Features for 216 ROCHELLE AVENUE
General Information
Standard status
Active
Size
2,629 SF
Property subtype
Triplex
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Tim Brogan · License #RS314019
(215) 620-9341
Source:
Cummingsrealtors
Added: Sep 30
Changed: Oct 7
Last Checked: Oct 7 at 12:40PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
The 2,629-square-foot triplex, built in 1900, contains three one-bedroom, one-bathroom residences. The first-floor apartment includes a basement flex room and opens to a private patio and shared rear yard. On the second floor, living and kitchen areas are separate. The third-floor bedroom connects to a private deck. An unfinished basement provides a utility area, shared laundry, and storage space.
The property is in Philadelphia’s Wissahickon neighborhood, near Wissahickon Valley Park, Wissahickon Regional Rail Station, Main Street Manayunk, Ridge Avenue, and Kelly Drive. Public transportation, shopping, dining, and major commuter routes are also nearby.
The property is in Philadelphia’s Wissahickon neighborhood, near Wissahickon Valley Park, Wissahickon Regional Rail Station, Main Street Manayunk, Ridge Avenue, and Kelly Drive. Public transportation, shopping, dining, and major commuter routes are also nearby.
Key Highlights
- Three occupied apartments, each with one bedroom and one bathroom
- 2,629 square feet; built in 1900
- First‑floor unit has a basement flex room, private patio, and access to the shared rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,864
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,280
$897.3K
Cap Rate 7%
$640,914
$640.9K
Cap Rate 9%
$498,489
$498.5K
Market Conditions
NOI Build-Up for 2,629 SF
Gross rent
$67.8K $25.80/SF
− Vacancy
−$3.7K −$1.42/SF
EGI
$64.1K $24.38/SF
− OpEx
−$19.2K −$7.31/SF
NOI
$44.9K $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%
$897,280
Cap Rate 7%
$640,914
Cap Rate 9%
$498,489
Alternative Uses
Best Use
Multifamily LT 5
$640.9K
$560.8K – $747.7K
NOI $44,864 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$590.8K
$516.9K – $689.2K
NOI $41,353 @ 7.0% cap · market cap 7.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
974
Businesses Nearby
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
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 - Each residence is occupied and features a one-bedroom, one-bathroom layout.
Where is this triplex located?
The property is located at 216 ROCHELLE AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Three occupied apartments, each with one bedroom and one bathroom; 2,629 square feet; built in 1900; First‑floor unit has a basement flex room, private patio, and access to the shared rear yard
