2317 E Westmoreland Street, Philadelphia, PA 19134
Fully sprinklered four-unit mix with long-term residential and ground-floor medical tenant, separately metered electricity.
- Added:
- Jun 14, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 20 at 4:55 am
Property Features for 2317 E Westmoreland Street
General Information
- Standard status
- Active
- Size
- 3,948 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agent Red Door Real Estate (855) 733-1341
Listing office (855) 733-1341
Listing date Jun 14, 2026
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of Red Door Real Estate
HighLights
- Fully sprinklered 4‑unit mixed‑use building with long‑term residential tenants plus a ground‑floor medical tenant
- Three 1‑bedroom, 1‑bath apartments and a separately leased ground‑floor medical tenant
- Central air and ceramic tile/laminate flooring; appliances include instant hot water
- Flat, rubber roof; 50.00 x 42.00 lot dimensions and on‑street parking
- Separately metered electricity and annual rent of $84,000
- Exterior: parking available; zoning listed as ICMX
Overview
Located at 2317 E Westmoreland Street in Philadelphia, the property is described as being steps from Aramingo Ave, I-95, transit, and retail hubs. The surrounding area is noted as providing convenient access to restaurants, retailers, hospitals, schools, parks, and fitness centers.
The property is presented as stabilized and turnkey, with long-term residential and commercial tenants and 100% occupancy. A tax abatement with one year remaining is listed as an added benefit, and the property is separately metered for electricity. Annual rent is reported as $84,000. The offering also references streamlined rental payments along with secure waste management and maintenance services, supporting an operationally straightforward ownership experience for an investor or 1031 exchange buyer.
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 | $101.9k | $25.80 |
| − Vacancy | −$5.6k | −$1.42 |
| EGI | $96.2k | $24.38 |
| − OpEx | −$28.9k | −$7.31 |
| NOI | $67.4k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1043636
- Latitude
- 39.9905673
