Renovated
For Sale
$699,900
2832 BELMONT AVENUE, Philadelphia, PA 19131
The building contains three residential apartments, each with a two-bedroom, one-bathroom layout.
Property Size2,982 SF
Days on Market38
Property Features for 2832 BELMONT AVENUE
General Information
Standard status
Active
Size
2,982 SF
Total Parking Spaces
1
Property subtype
Triplex
Site & Location
Neighborhood
West Philadelphia
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,296
Building Details
Building Size
2,982 SF
Year Built
1925
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Scott C Frith · License #RS342476
(215) 738-5737
Source:
Lizclarkrealestate
Added: Sep 24
Changed: Oct 31
Last Checked: Oct 30 at 11:07PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
Renovated residential property configured as three apartments. Each unit has two bedrooms and one full bathroom. The building was constructed in 1925 and includes one legal parking space behind the property.
The property is near PCOM and City Avenue.
The property is near PCOM and City Avenue.
Key Highlights
- Three apartments, each with 2 bedrooms and 1 full bathroom
- Renovated building constructed in 1925
- One legal parking space at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,888
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,760
$1.0M
Cap Rate 7%
$726,971
$727.0K
Cap Rate 9%
$565,422
$565.4K
Market Conditions
NOI Build-Up for 2,982 SF
Gross rent
$76.9K $25.80/SF
− Vacancy
−$4.2K −$1.42/SF
EGI
$72.7K $24.38/SF
− OpEx
−$21.8K −$7.31/SF
NOI
$50.9K $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%
$1,017,760
Cap Rate 7%
$726,971
Cap Rate 9%
$565,422
Alternative Uses
Best Use
Multifamily LT 5
$727.0K
$636.1K – $848.1K
NOI $50,888 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$670.1K
$586.3K – $781.8K
NOI $46,905 @ 7.0% cap · market cap 6.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,959
Businesses Nearby
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Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The building contains three residential apartments, each with a two-bedroom, one-bathroom layout.
Where is this triplex located?
The property is located at 2832 BELMONT AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three apartments, each with 2 bedrooms and 1 full bathroom; Renovated building constructed in 1925; One legal parking space at the rear
