Three-Unit Residential
For Sale
$515,000
3514 W Allegheny Ave, Philadelphia, PA 19132
Three-story layout combines a two-bedroom apartment with two one-bedroom units, each with washer and dryer hookups.
Property Size2,025 SF
Price / SF$254.32
Days on Market17
Property Features for 3514 W Allegheny Ave
General Information
Standard status
Active
Size
2,025 SF
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Amenities
washer/dryer hookups
backyard
Building Details
Building Size
2,025 SF
Year Built
1930
Buildings
1
Stories
3
Listing Agency:
Mallin Panchelli Nadel Realty, Inc.
Listed By:
Alexandra Charen · License #RS351522
(215) 584-2672
Source:
Mpnrealty
Added: Sep 28
Changed: Oct 12
Last Checked: Oct 12 at 5:00PM
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 Mallin Panchelli Nadel Realty, Inc.
Investment Insights
Based on property information with market context.
This three-story triplex contains 2,025 square feet across three residential units: one with two bedrooms and one bathroom, and two with one bedroom and one bathroom each. Individual washer and dryer hookups serve every apartment, and the property also includes a backyard. The building has been redeveloped, has a Certificate of Occupancy, and includes three rental licenses. It is vacant and has not been occupied since redevelopment.
The property is near Ridge Avenue, with access to Kelly Drive and I-76. Main Street Manayunk, Fairmount Park, Thomas Jefferson University, and East Falls restaurants and retail are also nearby. Its Walk Score is 82.
The property is near Ridge Avenue, with access to Kelly Drive and I-76. Main Street Manayunk, Fairmount Park, Thomas Jefferson University, and East Falls restaurants and retail are also nearby. Its Walk Score is 82.
Key Highlights
- Three apartments: one 2‑bedroom/1‑bath unit and two 1‑bedroom/1‑bath units
- 2,025 SF across a three‑story building
- Individual washer/dryer hookups in all three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,556
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,120
$691.1K
Cap Rate 7%
$493,657
$493.7K
Cap Rate 9%
$383,956
$384.0K
Market Conditions
NOI Build-Up for 2,025 SF
Gross rent
$52.2K $25.80/SF
− Vacancy
−$2.9K −$1.42/SF
EGI
$49.4K $24.38/SF
− OpEx
−$14.8K −$7.31/SF
NOI
$34.6K $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%
$691,120
Cap Rate 7%
$493,657
Cap Rate 9%
$383,956
Alternative Uses
Best Use
Multifamily LT 5
$493.7K
$432.0K – $575.9K
NOI $34,556 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$455.0K
$398.2K – $530.9K
NOI $31,852 @ 7.0% cap · market cap 6.18%
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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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
Explore this area
Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-story layout combines a two-bedroom apartment with two one-bedroom units, each with washer and dryer hookups.
Where is this triplex located?
The property is located at 3514 W Allegheny Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Three apartments: one 2‑bedroom/1‑bath unit and two 1‑bedroom/1‑bath units; 2,025 SF across a three‑story building; Individual washer/dryer hookups in all three units
