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    Renovated Triplex Near Drexel University

    3108 HAVERFORD Avenue Philadelphia, PA 19104

    3108 HAVERFORD Avenue, Philadelphia, PA, 19104
    $899,900
    For Sale
    Claim this Listing
    $899,900

    MULTI_FAMILY - PHILADELPHIA, PA

    Property Size1,998 SF
    Lot Size0.03 Acres
    Price / SF$450.40
    AddedAug 27, 2025
    Days on Market324
    Last RefreshJul 16 at 1:06 pm

    Property Features for 3108 HAVERFORD Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Interior features
    Kitchen - Gourmet, Upgraded Countertops, Recessed Lighting
    Appliances
    Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator
    Standard status
    Active
    Size
    1,998 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3148

    Utilities

    Cooling system
    Ductless

    Building Details

    Year built
    1935
    Number of units
    1
    Building materials
    Masonry

    Listing agent Steven M. Eckell License #AB065133

    Listing office Coldwell Banker Realty 1023 E Baltimore Pike, Plymouth Meeting, PA

    Listing date Aug 27, 2025

    MLS# PAPH2530890 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    Located in the heart of University City, this fully renovated triplex presents an exceptional investment opportunity. Completed in 2023, the property is situated steps from Drexel University. It features three spacious units, including two 2-bedroom, 2-bathroom apartments and one 4-bedroom, 3-bathroom apartment. Each unit boasts modern finishes, updated kitchens, in-unit laundry, and contemporary design throughout. The 1,998 square-foot building has been well maintained and thoughtfully updated to minimize maintenance and maximize rental income potential. The 0.0273-acre property's prime location offers easy access to Drexel, UPenn, public transportation, hospitals, shopping, and dining, ensuring steady demand. The property is intended for use as a multi-family residential income property. The annual gross income is $75,600, with annual operating expenses of $9,000. This property presents a blend of turn-key convenience and long-term value in one of Philadelphia's most desirable rental corridors.

    Key Highlights

    • Prime location in University City, steps from Drexel University, UPenn, transportation, hospitals, shopping, and dining.
    • Fully renovated triplex completed in 2023 with modern finishes and contemporary design.
    • Strong rental income potential with a mix of two 2‑bedroom/2‑bathroom units and one 4‑bedroom/3‑bathroom unit.

    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 $51.5k $25.80
    − Vacancy −$2.8k −$1.42
    EGI $48.7k $24.38
    − OpEx −$14.6k −$7.31
    NOI $34.1k $17.06
    1,998 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $487.1K
    $426.2K – $568.3K (±1% cap)
    NOI $34,096 @ 7.0% cap · market cap 3.79%
    Second Best
    Apartment 5plus
    $449.0K
    $392.9K – $523.8K (±1% cap)
    NOI $31,428 @ 7.0% cap · market cap 3.49%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Home Appliance Store Wine and Liquor Store (Bike/Boat/Book/etc) Store Clothing & Fashion Store Tanning Salon (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Triplex - Fully renovated triplex near Drexel with strong rental income potential.
    Where is this triplex located?
    The property is located at 3108 HAVERFORD Avenue Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: Prime location in University City, steps from Drexel University, UPenn, transportation, hospitals, shopping, and dining.; **Fully renovated triplex completed in 2023 with modern finishes and contemporary design.**; Strong rental income potential with a mix of two 2‑bedroom/2‑bathroom units and one 4‑bedroom/3‑bathroom unit.
    Contact an agent
    (484) 432-0720
    We can help!
    Contact an agent
    Steven M. Eckell
    Steven M. Eckell
    Real Estate License ID: AB065133
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