Triplex with Vacant Basement
3211 W Montgomery Avenue Philadelphia, PA 19121
3211 W Montgomery Avenue, Philadelphia, PA, 19121
$479,000
For Sale
$479,000
Well-maintained triplex offers three 2-bedroom, 1-bath units, including a vacant first-floor basement accessed from the unit.
Property Size2,604 SF
Price / SF$183.95
Days on Market122
Property Features for 3211 W Montgomery Avenue
General Information
- Standard status
- Active
- Size
- 2,604 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1915
Listing Agency
Samson Properties
(856) 630-4482
Listed by
Julia Joyce-Hall
(856) 630-4482
Source
Thetristaterealestategroup
Added: Mar 19 Checked: Jul 18 at 2:24 am
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 Samson Properties
Investment Insights
Based on property information with market context.
This well-maintained triplex includes three spacious units, each with 2 bedrooms and 1 bathroom. The property features a comfortable, functional layout with generous living space and natural light throughout. A sizable backyard adds outdoor space, and there is a full basement that is accessible from the first-floor unit, which is currently vacant.
The second and third floor units are occupied by tenants on month-to-month leases. The property is located in a convenient Brewerytown/Strawberry Mansion area with proximity to Center City and Fairmount Park, along with walkable access to Kelly Drive, the Philadelphia Museum of Art, and the Philadelphia Zoo. Strawberry Green Driving Range is also nearby.
With the first-floor unit available and two units currently leased on month-to-month terms, the property is set up for an owner-occupant move-in or an investor looking for income-producing flexibility.
The second and third floor units are occupied by tenants on month-to-month leases. The property is located in a convenient Brewerytown/Strawberry Mansion area with proximity to Center City and Fairmount Park, along with walkable access to Kelly Drive, the Philadelphia Museum of Art, and the Philadelphia Zoo. Strawberry Green Driving Range is also nearby.
With the first-floor unit available and two units currently leased on month-to-month terms, the property is set up for an owner-occupant move-in or an investor looking for income-producing flexibility.
Key Highlights
- Well‑maintained triplex with three 2‑bedroom, 1‑bath units
- First‑floor unit has a full basement accessible from the unit (basement is vacant)
- Central air and natural gas heating (hot water and heat) plus hardwood and ceramic tile flooring
Local Financial Insights For Apartment 5plus
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 | $79.1k | $30.36 |
| − Vacancy | −$4.6k | −$1.76 |
| EGI | $74.5k | $28.60 |
| − OpEx | −$33.5k | −$12.87 |
| NOI | $41.0k | $15.73 |
2,604 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$634.8K
$555.5K – $740.6K
NOI $44,437 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$585.1K
$512.0K – $682.7K
NOI $40,960 @ 7.0% cap · market cap 8.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Well-maintained triplex offers three 2-bedroom, 1-bath units, including a vacant first-floor basement accessed from the unit.
Where is this triplex located?
The property is located at 3211 W Montgomery Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Well‑maintained triplex with three 2‑bedroom, 1‑bath units; First‑floor unit has a full basement accessible from the unit (basement is vacant); Central air and natural gas heating (hot water and heat) plus hardwood and ceramic tile flooring
