Legal Three-Unit
For Sale
$354,900
3513 Wharton Street, Philadelphia, PA 19146
Legal 3-unit triplex with two units currently open and potential for vacant delivery, suited for renovation-minded buyers.
Property Size1,260 SF
Price / SF$281.67
Days on Market81
Property Features for 3513 Wharton Street
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Multi-Family / Fee Simple
Additional Details
Multifamily Units
3
Building Details
Year Built
1990
Listing Agency:
DJCRE Inc.
(215) 271-7070
Listed By:
Frederic D Musilli · License #RM421769
(215) 271-7070
Source:
Compass
Added: May 12
Changed: Jul 10
Last Checked: Jul 31 at 12:17PM
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 DJCRE Inc.
Investment Insights
Based on property information with market context.
This legal three-unit triplex offers an income-property configuration with three separate units, with two units currently open. The property is being offered in a condition that supports renovation, with delivery options including the ability to be delivered vacant.
Located at 3513 Wharton Street in Philadelphia, the listing describes the property as being in a unique spot between University City and Point Breeze. The property is identified as being in County: Philadelphia, within the Philadelphia City School District.
For buyers looking for a renovation project with established multi-unit structure, this triplex provides a straightforward legal three-unit setup. With two units open and the stated possibility of vacant delivery, it may be workable for an operator or homeowner planning to refurbish and reposition the units. As with any value-add opportunity, interested parties should confirm unit-by-unit condition and suitability for their intended use prior to closing.
Located at 3513 Wharton Street in Philadelphia, the listing describes the property as being in a unique spot between University City and Point Breeze. The property is identified as being in County: Philadelphia, within the Philadelphia City School District.
For buyers looking for a renovation project with established multi-unit structure, this triplex provides a straightforward legal three-unit setup. With two units open and the stated possibility of vacant delivery, it may be workable for an operator or homeowner planning to refurbish and reposition the units. As with any value-add opportunity, interested parties should confirm unit-by-unit condition and suitability for their intended use prior to closing.
Key Highlights
- Legal 3‑unit triplex in Philadelphia (MLS area 19145).
- Year built 1990.
- Two units currently open, with the option to deliver vacant.
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 | $32.5k | $25.80 |
| − Vacancy | −$1.8k | −$1.42 |
| EGI | $30.7k | $24.38 |
| − OpEx | −$9.2k | −$7.31 |
| NOI | $21.5k | $17.06 |
1,260 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,502 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$283.1K
$247.7K – $330.3K
NOI $19,819 @ 7.0% cap · market cap 5.58%
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
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
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 - Legal 3-unit triplex with two units currently open and potential for vacant delivery, suited for renovation-minded buyers.
Where is this triplex located?
The property is located at 3513 Wharton Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: Legal 3‑unit triplex in Philadelphia (MLS area 19145).; Year built 1990.; Two units currently open, with the option to deliver vacant.
