Three-Unit Rowhome
For Sale
$475,000
3217 TURNER ST, Philadelphia, PA 19121
Fully rented multifamily property with central A/C, off-street parking, a roof deck, and basement storage.
Property Size1,752 SF
Price / SF$271.12
Days on Market73
Property Features for 3217 TURNER ST
General Information
Standard status
Active
Size
1,752 SF
Total Parking Spaces
2
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Amenities
roof deck
central A/C
full basement
Building Details
Buildings
1
Listing Agency:
Redfin Corporation
(484) 962-0034
Listed By:
Brenda R Beiser · License #RS335119
(267) 796-4769
Source:
Towncentermd
Added: Aug 3
Changed: Oct 2
Last Checked: Oct 12 at 8:12PM
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.
Built in 1915, this Philadelphia rowhome contains three 2-bedroom residential units and is fully rented. The property includes central A/C throughout, a small roof deck, and a full basement that provides additional storage space. Its multifamily configuration offers three separate units within a single residential structure.
Located at 3217 Turner Street in Philadelphia’s Strawberry Mansion area, the property also provides off-street parking for 2 vehicles. The combination of a three-unit layout, existing rental occupancy, parking, outdoor space, and basement storage creates a clearly defined residential income property.
Located at 3217 Turner Street in Philadelphia’s Strawberry Mansion area, the property also provides off-street parking for 2 vehicles. The combination of a three-unit layout, existing rental occupancy, parking, outdoor space, and basement storage creates a clearly defined residential income property.
Key Highlights
- Three 2‑bedroom units in a single triplex rowhome
- Fully rented residential income property
- Off‑street parking for 2 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,898
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,960
$598.0K
Cap Rate 7%
$427,114
$427.1K
Cap Rate 9%
$332,200
$332.2K
Market Conditions
NOI Build-Up for 1,752 SF
Gross rent
$45.2K $25.80/SF
− Vacancy
−$2.5K −$1.42/SF
EGI
$42.7K $24.38/SF
− OpEx
−$12.8K −$7.31/SF
NOI
$29.9K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,960
Cap Rate 7%
$427,114
Cap Rate 9%
$332,200
Alternative Uses
Best Use
Multifamily LT 5
$427.1K
$373.7K – $498.3K
NOI $29,898 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$393.7K
$344.5K – $459.3K
NOI $27,558 @ 7.0% cap · market cap 5.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully rented multifamily property with central A/C, off-street parking, a roof deck, and basement storage.
Where is this triplex located?
The property is located at 3217 TURNER ST 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: Three 2‑bedroom units in a single triplex rowhome; Fully rented residential income property; Off‑street parking for 2 vehicles
