Low-Rise 3-Unit Apartment
For Sale
$829,000
3414 Spring Garden Street, Philadelphia, PA 19104
Fee simple for sale: a 3-unit low-rise apartment building in Mantua near University City.
Property Size3,214 SF
Price / SF$257.93
Days on Market227
Property Features for 3414 Spring Garden Street
General Information
Standard status
Active
Size
3,214 SF
Property subtype
Multi-Family
Zoning
RM1
Site & Location
Neighborhood
Powelton
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$16,304
Amenities
Full
Natural Gas
Yes
No
Assessor
2
No Pool
Public
N50
30.00 x 127.00
0.09
On Street
Other
232960.00
Building Details
Building Size
3,214 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
TCS Management, LLC
(215) 383-1439
Listed By:
Alex C Prince · License #RS322309
(215) 431-5652
Source:
Thetristaterealestategroup
Added: Mar 19
Changed: Oct 29
Last Checked: Oct 30 at 12:33PM
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 TCS Management, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Offered for sale as a fee simple interest, 3414 Spring Garden Street is a low-rise, 3-unit apartment building totaling 3 units and positioned to serve investors seeking a neighborhood income property. The property is described as a low-rise apartment building with a maintained multi-unit configuration suitable for residential rental operations.
The building is located in Philadelphia’s Mantua neighborhood, with the public remarks noting it is within walking distance to University City. The offering materials characterize the surrounding area as having low vacancy and sustained rental demand.
This is a 3-unit multifamily property presented for qualified investors looking to acquire residential income real estate in Mantua.
The building is located in Philadelphia’s Mantua neighborhood, with the public remarks noting it is within walking distance to University City. The offering materials characterize the surrounding area as having low vacancy and sustained rental demand.
This is a 3-unit multifamily property presented for qualified investors looking to acquire residential income real estate in Mantua.
Key Highlights
- Fee simple for sale: 3‑unit low‑rise apartment building at 3414 Spring Garden Street
- 3,810+ SF building with assessed living area sourced from the assessor
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,847
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,096,940
$1.1M
Cap Rate 7%
$783,529
$783.5K
Cap Rate 9%
$609,411
$609.4K
Market Conditions
NOI Build-Up for 3,214 SF
Gross rent
$82.9K $25.80/SF
− Vacancy
−$4.6K −$1.42/SF
EGI
$78.4K $24.38/SF
− OpEx
−$23.5K −$7.31/SF
NOI
$54.8K $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%
$1,096,940
Cap Rate 7%
$783,529
Cap Rate 9%
$609,411
Alternative Uses
Best Use
Multifamily LT 5
$783.5K
$685.6K – $914.1K
NOI $54,847 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$722.2K
$631.9K – $842.6K
NOI $50,555 @ 7.0% cap · market cap 6.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,589
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
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
Frequently Asked Questions
What type of property is this?
Triplex - Fee simple for sale: a 3-unit low-rise apartment building in Mantua near University City.
Where is this triplex located?
The property is located at 3414 Spring Garden Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Fee simple for sale: 3‑unit low‑rise apartment building at 3414 Spring Garden Street; 3,810+ SF building with assessed living area sourced from the assessor; Built in 1920
