Three-Unit Triplex with
For Sale
$319,000
317 DAVIS AVENUE, Clifton Heights, PA 19018
Triplex with three separate units, a deck and large backyard, plus unfinished basement storage.
Property Size2,248 SF
Lot Size0.25 Acres
Price / SF$141.90
Days on Market12
Property Features for 317 DAVIS AVENUE
General Information
Standard status
Active
Size
2,248 SF
Lot size
0.25 Acres
Property subtype
Triplex
Additional Details
Multifamily Units
3
Building Details
Year Built
1929
Stories
3
Tenancy
Multi
Listing Agency:
RE/MAX Hometown Realtors
(610) 348-3913
Listed By:
Litizia Maloney · License #AB066843
(610) 348-3913
Source:
Cummingsrealtors
Added: Jul 20
Changed: Jul 26
Last Checked: Jul 30 at 6:22AM
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 RE/MAX Hometown Realtors
Investment Insights
Based on property information with market context.
This three-unit triplex features a common entry and separate access to Unit 1, Unit 2, and a two-level third unit. Unit 1 offers a large living room with a non-functional fireplace, an eat-in kitchen that opens to a deck and large backyard, three bedrooms, and a full bath. Unit 2 is a fully remodeled layout with a large living room, kitchen with granite counters and tile backsplash, recessed lighting, and a newer bathroom with a shower stall and tile floor, along with a laundry hookup. The third unit spans two levels, with a kitchen on the second level and a living room, one bedroom, and a bathroom with shower stall on the upper level. The basement is unfinished but very large, with convenient laundry space and an exterior Bilco-style door exit to the back yard.
The property includes a driveway for at least three cars and a covered front porch. Owner pays heat, and the unit systems include (1) gas heater, (3) gas water heaters, and (3) 100-amp electric panel boxes.
The overall configuration provides three distinct residential units with direct outdoor access through the deck and backyard, supported by ample basement storage and laundry areas.
The property includes a driveway for at least three cars and a covered front porch. Owner pays heat, and the unit systems include (1) gas heater, (3) gas water heaters, and (3) 100-amp electric panel boxes.
The overall configuration provides three distinct residential units with direct outdoor access through the deck and backyard, supported by ample basement storage and laundry areas.
Key Highlights
- 1929‑built triplex with three separate units on a 0.25‑acre lot
- Unit #1 features a large living room, non‑functional fireplace, eat‑in kitchen, 3 bedrooms, and 1 full bath
- Unit #2 was totally remodeled, including a large living room with recessed lights, kitchen with granite counters, and a newer bath with shower stall
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 | $40.5k | $18.00 |
| − Vacancy | −$5.3k | −$2.34 |
| EGI | $35.2k | $15.66 |
| − OpEx | −$10.6k | −$4.70 |
| NOI | $24.6k | $10.96 |
2,248 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.0K
$308.0K – $410.7K
NOI $24,640 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$321.9K
$281.7K – $375.6K
NOI $22,535 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$681.6K
$596.4K – $795.2K
NOI $47,710 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Explore this area
Business Placement
Demographics for 19018, PA
23,664
Population
10,201
Households
2.3
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
8,764
Density / Sq Mi
$73,451
Median Household Income
$46,387
Median Earnings
$1,346
Median Rent
$215,400
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 - Triplex with three separate units, a deck and large backyard, plus unfinished basement storage.
Where is this triplex located?
The property is located at 317 DAVIS AVENUE Clifton Heights, PA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 1929‑built triplex with three separate units on a 0.25‑acre lot; Unit #1 features a large living room, non‑functional fireplace, eat‑in kitchen, 3 bedrooms, and 1 full bath; Unit #2 was totally remodeled, including a large living room with recessed lights, kitchen with granite counters, and a newer bath with shower stall
