Three-Unit Residential
3514 W ALLEGHENY Avenue, Philadelphia, PA 19132
For Sale
$515,000
Multi-Family, PHILADELPHIA, PA
Property Size2,025 SF
Lot Size0.05 Acres
Price / SF$254.32
Days on Market51
Property Features for 3514 W ALLEGHENY Avenue
General Information
Property type
Property subtype
Appliances
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Cooling system
Amenities
washer/dryer hookups
backyard
Building Details
Year built
Number of units
Building materials
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Alexandra Charen · License PA RS351522
(215) 584-2672
Added: Sep 25
Changed: Oct 18
Last Checked: Nov 14 at 3:06AM
MLS# PAPH2674552
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story masonry triplex contains 2,025 square feet across three apartments: one with two bedrooms and one bathroom, plus two with one bedroom and one bathroom each. The 0.0533-acre property includes a backyard, and every apartment has washer and dryer connections. Ductless cooling is installed. Redevelopment is complete, the building has a Certificate of Occupancy and three rental licenses, and it has not been occupied since the work was finished.
The property is near Ridge Avenue, with access to Kelly Drive and I-76. Nearby destinations include Fairmount Park, Thomas Jefferson University, Main Street Manayunk, and East Falls restaurants and retailers. The stated Walk Score is 82.
The property is near Ridge Avenue, with access to Kelly Drive and I-76. Nearby destinations include Fairmount Park, Thomas Jefferson University, Main Street Manayunk, and East Falls restaurants and retailers. The stated Walk Score is 82.
Key Highlights
- Three apartments in 2,025 square feet: one 2‑bedroom/1‑bath unit and two 1‑bedroom/1‑bath units
- 0.0533‑acre parcel with a backyard
- Washer and dryer hookups in each apartment; ductless cooling
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$73,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Philadelphia, PA
Properties on Market for Triplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant delivery lets a buyer choose occupants or live in one apartment while leasing the others.
Where is this triplex located?
The property is located at 3514 W ALLEGHENY Avenue 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 in 2,025 square feet: one 2‑bedroom/1‑bath unit and two 1‑bedroom/1‑bath units; 0.0533‑acre parcel with a backyard; Washer and dryer hookups in each apartment; ductless cooling
