Legal 2+2+1
New
For Sale
$475,000
3133 MORNING GLORY ROAD, Philadelphia, PA 19154
Renovated triplex with private laundry in each unit, separate gas and electric meters, and basement storage.
Property Size2,205 SF
Price / SF$215.42
Days on Market5
Property Features for 3133 MORNING GLORY ROAD
General Information
Standard status
Active
Size
2,205 SF
Total Parking Spaces
4
Property subtype
Triplex
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
3
Amenities
private laundry
storage
fenced-in shared backyard
Building Details
Year Built
1962
Listing Agency:
Market Force Realty
(215) 264-0249
Listed By:
Michael Stone · License #1756330
(215) 264-0249
Source:
Cummingsrealtors
Added: Jul 26
Changed: Jul 28
Last Checked: Jul 30 at 5:40AM
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 Market Force Realty
Investment Insights
Based on property information with market context.
This legal 2+2+1 triplex is configured as three separate units, all reportedly renovated. Interiors feature no carpet and include flooring throughout, along with private laundry in each unit for convenient day-to-day use. Additional conveniences include separate electricity and gas meters, as well as basement storage for each unit.
The property also offers a driveway for approximately four cars and a good-sized fenced-in shared backyard. Building systems and exterior components include roof, windows, and HVAC that are approximately 10 years old, plus newer boilers.
Convenient access to highways, public transportation, and nearby food and shopping is noted in the available materials, supporting a tenant-friendly, everyday location.
The property also offers a driveway for approximately four cars and a good-sized fenced-in shared backyard. Building systems and exterior components include roof, windows, and HVAC that are approximately 10 years old, plus newer boilers.
Convenient access to highways, public transportation, and nearby food and shopping is noted in the available materials, supporting a tenant-friendly, everyday location.
Key Highlights
- Legal 2+2+1 triplex (3 units) built in 1962
- All units renovated with no carpets and private laundry in each unit
- Separate electricity and gas meters for the units
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
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 - Renovated triplex with private laundry in each unit, separate gas and electric meters, and basement storage.
Where is this triplex located?
The property is located at 3133 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 (3 units) built in 1962; All units renovated with no carpets and private laundry in each unit; Separate electricity and gas meters for the units
