Fully Rented Triplex with
222 Lippincott Avenue Ardmore, PA 19003
222 Lippincott Avenue, Ardmore, PA, 19003
$750,000
For Sale
$750,000
Well-maintained twin-style triplex with three fully rented units, a wrap-around front porch, and a shared rear yard.
Property Size2,241 SF
Price / SF$334.67
Days on Market310
Property Features for 222 Lippincott Avenue
General Information
- Standard status
- Active
- Size
- 2,241 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Real of Pennsylvania
(484) 744-4053
Listed by
William Holder · License #2077526
(484) 744-4053
Source
Compass
Added: Sep 17, 2025 Updated: Jul 23 at 1:59AM Checked: Jul 23 at 1:59AM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
222 Lippincott Avenue is a fully rented, twin-style triplex configured with three units. The property is described as beautifully maintained, with each unit well cared for and producing income immediately. Exterior features include a larger wrap-around front porch and a shared rear yard. A partial basement provides storage and utilities.
The home is located in Ardmore within a walkable pocket, with access to shops, cafes, dining, parks, and entertainment. The listing also notes that train stations and major travel routes are minutes away.
This triplex offers a practical setup for investors seeking a turnkey, income-producing asset, or for an owner-occupant option where one unit can be lived in while the other two help offset expenses.
The home is located in Ardmore within a walkable pocket, with access to shops, cafes, dining, parks, and entertainment. The listing also notes that train stations and major travel routes are minutes away.
This triplex offers a practical setup for investors seeking a turnkey, income-producing asset, or for an owner-occupant option where one unit can be lived in while the other two help offset expenses.
Key Highlights
- Fully rented twin‑style triplex with three units producing income immediately
- Wrap‑around front porch and exterior lighting
- Shared rear yard for outdoor space for tenants or owner use
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 | $49.8k | $22.20 |
| − Vacancy | −$3.2k | −$1.44 |
| EGI | $46.5k | $20.76 |
| − OpEx | −$14.0k | −$6.23 |
| NOI | $32.6k | $14.53 |
2,241 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$465.2K
$407.0K – $542.7K
NOI $32,562 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$432.5K
$378.5K – $504.6K
NOI $30,277 @ 7.0% cap · market cap 4.04%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,233 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Well-maintained twin-style triplex with three fully rented units, a wrap-around front porch, and a shared rear yard.
Where is this triplex located?
The property is located at 222 Lippincott Avenue Ardmore, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully rented twin‑style triplex with three units producing income immediately; Wrap‑around front porch and exterior lighting; Shared rear yard for outdoor space for tenants or owner use
