Legal 3-Unit
For Sale
$349,900
3513 WHARTON STREET, Philadelphia, PA 19146
Three-unit residential property with two currently vacant units and delivery potential for a renovation project.
Property Size1,260 SF
Days on Market58
Property Features for 3513 WHARTON STREET
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,761
Building Details
Building Size
1,260 SF
Year Built
1990
Listing Agency:
DJCRE Inc.
(215) 271-7070
Listed By:
Frederic D Musilli · License #RM421769
(215) 271-7070
Source:
Patmckennarealtors
Added: Jun 8
Changed: Aug 4
Last Checked: Aug 4 at 5:37AM
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 triplex contains three residential units and was built in 1990. Two units are currently open, providing the possibility of delivery with those units vacant. The property is positioned between University City and Point Breeze in Philadelphia, with the address at 3513 Wharton Street.
The existing three-unit configuration supports multifamily ownership or renovation planning. The property is offered for sale and presents a defined residential income layout with two vacant units and one additional unit in the building.
The existing three-unit configuration supports multifamily ownership or renovation planning. The property is offered for sale and presents a defined residential income layout with two vacant units and one additional unit in the building.
Key Highlights
- Legal 3‑unit multifamily property
- Built in 1990
- Two units currently open
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 6.15%
Second Best
Apartment 5plus
$283.1K
$247.7K – $330.3K
NOI $19,819 @ 7.0% cap · market cap 5.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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 - Three-unit residential property with two currently vacant units and delivery potential for a renovation project.
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 $349,900.
What are key features of this property?
This property features: Legal 3‑unit multifamily property; Built in 1990; Two units currently open
