Fully Rented Triplex
New
For Sale
$475,000
3217 TURNER Street, Philadelphia, PA 19121
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,752 SF
Lot Size0.03 Acres
Price / SF$271.12
Days on Market4
Property Features for 3217 TURNER Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
2
Parking features
On Street, Driveway
Subdivision
STRAWBERRY MANSION
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,752 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
5260
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
roof deck
central air conditioning
full basement
Building Details
Year built
1915
Number of units
3
Building materials
Brick, Stucco
Listing Agency:
Redfin Corporation
(484) 962-0034
Listed By:
Brenda R Beiser · License #RS335119
(267) 796-4769
Added: Jul 29
Last Checked: Aug 1 at 1:06AM
MLS# PAPH2653634
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully rented triplex rowhome offers three separate 2-bedroom units. The property also includes central A/C, a full basement for storage, off-street parking for two vehicles, and a small roof deck.
Located at 3217 TURNER Street in Philadelphia, PA 19121 (Philadelphia County), this is an income-focused residential property consisting of a single triplex structure.
With three 2-bedroom units already in place, the layout is well-suited for investors seeking an occupied multifamily residential asset.
Located at 3217 TURNER Street in Philadelphia, PA 19121 (Philadelphia County), this is an income-focused residential property consisting of a single triplex structure.
With three 2-bedroom units already in place, the layout is well-suited for investors seeking an occupied multifamily residential asset.
Key Highlights
- Fully rented 3‑unit triplex rowhome with three 2‑bedroom units
- Central heating with central air conditioning
- Brick and stucco construction
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 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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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 rowhome with three 2-bedroom units, central A/C, off-street parking, a small roof deck, and a full basement.
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 $475,000.
What are key features of this property?
This property features: Fully rented 3‑unit triplex rowhome with three 2‑bedroom units; Central heating with central air conditioning; Brick and stucco construction
