Fully Renovated Triplex for
3008 West Dauphin Street Philadelphia, PA 19132
For Sale
$379,000
Renovated REO triplex with two 2-bedroom and one 1-bedroom unit, sold as-is and ready for immediate occupancy.
Property Size2,100 SF
Price / SF$180.48
Days on Market188
Property Features for 3008 West Dauphin Street
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency:
EXP Realty, LLC
(484) 429-6025
Listed By:
Guillermo Salas III · License #AB067011
(484) 429-6025
Source:
Compass
Added: Jan 17
Changed: Jul 23
Last Checked: Jul 23 at 4:22PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This fully renovated REO triplex includes three residential units, all rehabbed with modern finishes and updated systems. The property offers two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, presented in clean, turnkey condition.
The property is located in Philadelphia within the Strawberry Mansion corridor and is listed for sale as-is with clean title. It is being marketed as ready for immediate lease-up.
The unit mix supports projected gross annual income of approximately $39,600 once fully leased, based on projected rents of approximately $1,150 per month for each 2-bedroom unit and approximately $1,000 per month for the 1-bedroom unit.
The property is located in Philadelphia within the Strawberry Mansion corridor and is listed for sale as-is with clean title. It is being marketed as ready for immediate lease-up.
The unit mix supports projected gross annual income of approximately $39,600 once fully leased, based on projected rents of approximately $1,150 per month for each 2-bedroom unit and approximately $1,000 per month for the 1-bedroom unit.
Key Highlights
- Renovated REO triplex (three units total) at 3008 W. Dauphin Street.
- Unit mix: two 2 bed / 1 bath units plus one 1 bed / 1 bath unit.
- Projected rents: $1,150/month for each 2 bed unit and $1,000/month for the 1 bed unit.
Financial Insights For Apartment 5plus
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 | $63.8k | $30.36 |
| − Vacancy | −$3.7k | −$1.76 |
| EGI | $60.1k | $28.60 |
| − OpEx | −$27.0k | −$12.87 |
| NOI | $33.0k | $15.73 |
2,100 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$511.9K
$448.0K – $597.3K
NOI $35,836 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$471.9K
$412.9K – $550.5K
NOI $33,032 @ 7.0% cap · market cap 8.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Renovated REO triplex with two 2-bedroom and one 1-bedroom unit, sold as-is and ready for immediate occupancy.
Where is this triplex located?
The property is located at 3008 West Dauphin Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Renovated REO triplex (three units total) at 3008 W. Dauphin Street.; Unit mix: two 2 bed / 1 bath units plus one 1 bed / 1 bath unit.; Projected rents: $1,150/month for each 2 bed unit and $1,000/month for the 1 bed unit.
