Triplex with Oversized Garage
For Sale
$349,999
301 W RUSCOMB STREET, Philadelphia, PA 19120
Triplex with three vacant units and attached garage/warehouse sized for 10+ vehicles.
Property Size2,016 SF
Days on Market103
Property Features for 301 W RUSCOMB STREET
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Duplex
Site & Location
Neighborhood
Northwest Philadelphia
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,865
Building Details
Building Size
2,016 SF
Year Built
1930
Tenancy
Multi
Listing Agency:
Keller Williams Realty Devon-Wayne
Listed By:
Alexander Taggart Penn · License #RS352834
(610) 937-7122
Source:
Mainlinekw
Added: Jul 22
Changed: Oct 31
Last Checked: Oct 30 at 11:28PM
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 Keller Williams Realty Devon-Wayne
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Investment Insights
Based on property information with market context.
301 W. Ruscomb Street offers a unique income setup with three residential units and an oversized attached garage/warehouse space. All three units are currently vacant, giving the next owner flexibility to lease or occupy as desired. The property also features separate utility meters for each unit, supporting straightforward management.
Recent renovations include new windows, new kitchen cabinets, quartz countertops, stainless steel appliances, new bathrooms, new flooring, recessed lighting, new heating systems, new water heaters, and central air conditioning. The attached garage/warehouse is described as having space for 10+ vehicles, creating additional utility for vehicle storage, workshop, contractor, or business use.
The seller’s estimates for monthly rental income are: first-floor 2-bedroom/1-bath at $1,250; second-floor 2-bedroom/1-bath at $1,250; and a studio unit with a full bath at $900. The garage/warehouse is estimated at approximately $1,500 per month, for an estimated total monthly income of about $4,900.
Recent renovations include new windows, new kitchen cabinets, quartz countertops, stainless steel appliances, new bathrooms, new flooring, recessed lighting, new heating systems, new water heaters, and central air conditioning. The attached garage/warehouse is described as having space for 10+ vehicles, creating additional utility for vehicle storage, workshop, contractor, or business use.
The seller’s estimates for monthly rental income are: first-floor 2-bedroom/1-bath at $1,250; second-floor 2-bedroom/1-bath at $1,250; and a studio unit with a full bath at $900. The garage/warehouse is estimated at approximately $1,500 per month, for an estimated total monthly income of about $4,900.
Key Highlights
- Triplex (3 residential units) built in 1930; all units are currently vacant for immediate rent setup.
- Updates include new windows, kitchen cabinets, quartz countertops, stainless steel appliances, new bathrooms, new flooring, recessed lighting, new heating systems, new water heaters, and central air conditioning.
- Separate utility meters for each unit support easier management and unit‑level billing.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,839
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,780
$436.8K
Cap Rate 7%
$311,986
$312.0K
Cap Rate 9%
$242,656
$242.7K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$33.6K $16.68/SF
− Vacancy
−$2.4K −$1.20/SF
EGI
$31.2K $15.48/SF
− OpEx
−$9.4K −$4.64/SF
NOI
$21.8K $10.83/SF
Area
ZIP 19120
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,780
Cap Rate 7%
$311,986
Cap Rate 9%
$242,656
Alternative Uses
Best Use
Multifamily LT 5
$312.0K
$273.0K – $364.0K
NOI $21,839 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$277.5K
$242.8K – $323.8K
NOI $19,425 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$481.6K
$421.4K – $561.8K
NOI $33,710 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
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
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three vacant units and attached garage/warehouse sized for 10+ vehicles.
Where is this triplex located?
The property is located at 301 W RUSCOMB STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Triplex (3 residential units) built in 1930; all units are currently vacant for immediate rent setup.; Updates include new windows, kitchen cabinets, quartz countertops, stainless steel appliances, new bathrooms, new flooring, recessed lighting, new heating systems, new water heaters, and central air conditioning.; Separate utility meters for each unit support easier management and unit‑level billing.
