Low-Rise 3-Unit Apartment
3414 Spring Garden Street Philadelphia, PA 19104
For Sale
$829,000
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 Market128
Property Features for 3414 Spring Garden Street
General Information
- Standard status
- Active
- Size
- 3,214 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing Agency:
Fizzano Family of Associates LLC
(856) 222-0077
Listed By:
Ryan LeBon
Source:
Thetristaterealestategroup
Added: Mar 19
Changed: Jul 21
Last Checked: Jul 23 at 3:32AM
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 Fizzano Family of Associates LLC
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 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 | $82.9k | $25.80 |
| − Vacancy | −$4.6k | −$1.42 |
| EGI | $78.4k | $24.38 |
| − OpEx | −$23.5k | −$7.31 |
| NOI | $54.8k | $17.06 |
3,214 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
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
