Renovated 2+2+1
New
For Sale
$475,000
3133-00 MORNING GLORY Road, Philadelphia, PA 19154
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,205 SF
Lot Size0.07 Acres
Price / SF$215.42
Days on Market5
Property Features for 3133-00 MORNING GLORY Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
4
Parking features
Driveway
Subdivision
PARKWOOD
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,205 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
5683
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Amenities
private laundry
basement storage
fenced shared backyard
Building Details
Year built
1962
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Market Force Realty
(866) 993-8585
Listed By:
Michael Stone · License #RS291924
(215) 264-0249
Added: Jul 26
Last Checked: Jul 30 at 3:06PM
MLS# PAPH2652352
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.
This legal 2+2+1 triplex offers three units with renovated interiors. The property is described as having no carpets, with all floors, and private laundry in each unit. A basement storage area is provided for each unit, and there is a good-sized fenced-in shared backyard. Parking is supported by a driveway for four cars. The separate electricity and gas meters allow for individual utility billing by unit.
The roof, windows, and HVAC are approximately 10 years old, and the boilers are described as newer. The location is noted as being close to highways and public transportation, as well as food and shopping.
The offering is structured as a triplex property intended for residential income, with the existing unit configuration and renovations presented as key features.
The roof, windows, and HVAC are approximately 10 years old, and the boilers are described as newer. The location is noted as being close to highways and public transportation, as well as food and shopping.
The offering is structured as a triplex property intended for residential income, with the existing unit configuration and renovations presented as key features.
Key Highlights
- Legal 2+2+1 triplex built in 1962 with all units renovated
- Private laundry in each unit plus basement storage for each unit
- Separate electricity and gas meters for each unit
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 | $56.9k | $25.80 |
| − Vacancy | −$3.1k | −$1.42 |
| EGI | $53.8k | $24.38 |
| − OpEx | −$16.1k | −$7.31 |
| NOI | $37.6k | $17.06 |
2,205 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$537.5K
$470.4K – $627.1K
NOI $37,628 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$495.5K
$433.6K – $578.1K
NOI $34,684 @ 7.0% cap · market cap 7.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Explore this area
Business Placement
Demographics for 19154, PA
34,681
Population
13,296
Households
2.6
Avg Household Size
39
Median Age
27%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
5,419
Density / Sq Mi
$93,479
Median Household Income
$50,969
Median Earnings
$1,396
Median Rent
$274,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Legal 3-unit triplex with renovated interiors, private in-unit laundry, and separate electricity and gas meters.
Where is this triplex located?
The property is located at 3133-00 MORNING GLORY Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Legal 2+2+1 triplex built in 1962 with all units renovated; Private laundry in each unit plus basement storage for each unit; Separate electricity and gas meters for each unit
