Fully Rented Triplex in
3217 Turner Street Philadelphia, PA 19121
3217 Turner Street, Philadelphia, PA, 19121
$505,000
For Sale
$505,000
Rented triplex with parking and roof deck in Philadelphia.
Property Size1,752 SF
Price / SF$288.24
Days on Market321
Property Features for 3217 Turner Street
General Information
- Standard status
- Active
- Size
- 1,752 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency
Redfin Corporation
(267) 980-1180
Listed by
Melissa Rae Theodule
(267) 980-1180
Source
Compass
Added: Aug 30, 2025 Checked: Jul 16 at 3:12 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 Redfin Corporation
Investment Insights
Based on property information with market context.
Located in the Strawberry Mansion area of Philadelphia, this multi-family home features three 2-bedroom units. The property includes off-street parking for 2 vehicles and a small roof deck. Central A/C is included. A full basement provides storage space. The property is fully rented. The property is located within the 19121 MLS Area. The School District Name is THE SCHOOL DISTRICT OF PHILADELPHIA.
Key Highlights
- Fully rented triplex providing immediate rental income.
- Off‑street parking for 2 vehicles.
- Three 2‑bedroom units.
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 | $45.2k | $25.80 |
| − Vacancy | −$2.5k | −$1.42 |
| EGI | $42.7k | $24.38 |
| − OpEx | −$12.8k | −$7.31 |
| NOI | $29.9k | $17.06 |
1,752 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$427.1K
$373.7K – $498.3K
NOI $29,898 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$393.7K
$344.5K – $459.3K
NOI $27,558 @ 7.0% cap · market cap 5.46%
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
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FAQs
What type of property is this?
Triplex - Rented triplex with parking and roof deck in Philadelphia.
Where is this triplex located?
The property is located at 3217 Turner Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Fully rented triplex providing immediate rental income.; Off‑street parking for 2 vehicles.; Three 2‑bedroom units.
