Triplex with Accessible
For Sale
$299,900
Pending
3224 TYSON AVENUE, Philadelphia, PA 19149
Residential income property with three living units and a basement level that accommodates handicap access.
Property Size1,872 SF
Days on Market53
Property Features for 3224 TYSON AVENUE
General Information
Standard status
Pending
Size
1,872 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
needs some work
Site & Location
Neighborhood
Northeast Philadelphia
Additional Details
Multifamily Units
3
Amenities
handicap accessible
Building Details
Year Built
1950
Listing Agency:
Canaan Realty Services INC
(215) 333-1826
Listed By:
Luna Ge · License #RS338550
(814) 933-9250
Source:
Cummingsrealtors
Added: Sep 1
Changed: Oct 21
Last Checked: Oct 23 at 7:59AM
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 Canaan Realty Services INC
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Investment Insights
Based on property information with market context.
This Philadelphia triplex is configured as three residential units within a property built in 1950. The basement level is handicap accessible, adding functional flexibility to the existing layout. The property requires some work, allowing the next owner to update the interiors and building components according to their plans.
Located at 3224 Tyson Avenue in Philadelphia, the property is near shopping, dining, transportation, and everyday amenities. Its multi-unit configuration supports residential use with separate living arrangements and income-producing potential.
Located at 3224 Tyson Avenue in Philadelphia, the property is near shopping, dining, transportation, and everyday amenities. Its multi-unit configuration supports residential use with separate living arrangements and income-producing potential.
Key Highlights
- Three‑unit residential property configured as a triplex
- Handicap‑accessible basement level
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,657
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,140
$533.1K
Cap Rate 7%
$380,814
$380.8K
Cap Rate 9%
$296,189
$296.2K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$39.3K $21.00/SF
− Vacancy
−$1.2K −$0.66/SF
EGI
$38.1K $20.34/SF
− OpEx
−$11.4K −$6.10/SF
NOI
$26.7K $14.24/SF
Area
ZIP 19149
Vacancy
3.13%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,140
Cap Rate 7%
$380,814
Cap Rate 9%
$296,189
Alternative Uses
Best Use
Apartment 5plus
$3.58M
$3.14M – $4.18M
NOI $250,897 @ 7.0% cap · market cap 83.66%
Second Best
Multifamily LT 5
$380.8K
$333.2K – $444.3K
NOI $26,657 @ 7.0% cap · market cap 8.89%
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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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,543
Businesses Nearby
Explore this area
Business Placement
Demographics for 19149, PA
60,408
Population
20,810
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
25,170
Density / Sq Mi
$54,679
Median Household Income
$33,111
Median Earnings
$1,484
Median Rent
$198,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Residential income property with three living units and a basement level that accommodates handicap access.
Where is this triplex located?
The property is located at 3224 TYSON AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Three‑unit residential property configured as a triplex; Handicap‑accessible basement level; Built in 1950
