Advertise
    Location, address, ZIP or keywords
    Back to Search
    Leased Triplex in Powelton Village

    3800 SPRING GARDEN Street Philadelphia, PA 19104

    3800 SPRING GARDEN Street, Philadelphia, PA, 19104
    $545,000
    For Sale
    Claim this Listing
    $545,000

    MULTI_FAMILY - PHILADELPHIA, PA

    Property Size2,499 SF
    Lot Size0.02 Acres
    Price / SF$218.09
    AddedMar 9
    Days on Market129
    Last RefreshJul 15 at 2:06 pm

    Property Features for 3800 SPRING GARDEN Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    On Street
    Standard status
    Active
    Size
    2,499 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7298

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    3
    Building materials
    Masonry

    Listing agent Margaret McCain License #RS363819

    Listing office Coldwell Banker Residential Brokerage - Princeton 10 Nassau Street, Princeton, PA

    Listing date Mar 9, 2026

    MLS# PAPH2587784 Listing URL

    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.

    Investment Insights

    Based on property information with market context.

    This fully leased corner triplex is located in the desirable Powelton Village, adjacent to University City. The location benefits from proximity to Drexel University, University of Pennsylvania, Children's Hospital of Philadelphia (CHOP), and Penn Presbyterian Medical Center. The property generates $46,200 in annual gross rental income, with all units currently occupied under existing leases. The unit mix includes one 1-bedroom, 1-bath apartment with a private side patio, and two 2-bedroom, 1-bath apartments. All three units feature updated bathrooms. The property includes separate electric meters, shared basement laundry facilities, accessible mechanicals, and water heaters replaced in 2026. The corner positioning provides natural light. The property is a low-maintenance investment. The lot size is 0.0213 acres and the property size is 2499 square feet. Convenient access to public transportation, Center City, dining, shopping, and major hospitals enhances tenant appeal. This property is located in Philadelphia, PA 19104.

    Key Highlights

    • Fully leased triplex generating $46,200 annual gross rental income.
    • Prime corner location in highly desirable Powelton Village, adjacent to University City.
    • Strong rental demand driven by proximity to Drexel, UPenn, CHOP, and Penn Presbyterian.

    Local 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 $64.5k $25.80
    − Vacancy −$3.6k −$1.42
    EGI $60.9k $24.38
    − OpEx −$18.3k −$7.31
    NOI $42.6k $17.06
    2,499 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $609.2K
    $533.1K – $710.8K (±1% cap)
    NOI $42,645 @ 7.0% cap · market cap 7.82%
    Second Best
    Apartment 5plus
    $561.5K
    $491.4K – $655.1K (±1% cap)
    NOI $39,308 @ 7.0% cap · market cap 7.21%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Auto Parts Store Tattoo & Piercing Shop Butcher Florist Plumbing Service Pet Store Kitchen & Bath Showroom Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

    Similar For Sale Nearby

    • $1,400,000
      5,000 SF

      Freestanding Single-Story Retail Building

      Single-story building on a triangular parcel with drive-in access and frontage on two avenues.
      2040 NAPFLE AVENUE, PHILADELPHIA, PA 19152
      View Details
    • $1,200,000
      2,720 SF

      Mixed-Use Corner Property with Garage

      Mixed-use property with an improved ground-floor commercial space and an upstairs 1-bedroom bi-level residence with private outdoor space.
      626 S 7TH Street, PHILADELPHIA, PA 19147
      View Details
    • $2,990,000
      6,495 SF

      Restaurant Opportunity in Philadelphia, PA

      Restaurant with 170 parking spaces on 1.77 acres.
      80 FRANKLIN MILLS Boulevard, PHILADELPHIA, PA 19154
      View Details
    • $1,550,000
      3,285 SF

      Corner Mixed-Use Building with Bar

      Corner mixed-use building with substantial avenue frontage and a ground-floor bar plus two bi-level residential units.
      541 E GIRARD Avenue, PHILADELPHIA, PA 19125
      View Details
    • $549,944
      700 SF

      Mixed-Use Brownstone with Storefront

      Three-story live-work setup with a renovated first-floor storefront and remodeled apartment above.
      212 FAIRMOUNT Avenue, PHILADELPHIA, PA 19123
      View Details
    • $645,000
      4,278 SF

      Mixed-Use Building with Two-Level Layout

      Versatile mixed-use property with street-level presence, a 5-car parking lot, and an interior setup for offices and service space.
      5519 GERMANTOWN Avenue, PHILADELPHIA, PA 19144
      View Details
    • $2,100,000
      9,088 SF

      New-Construction 11-Unit Apartment Building

      New 2025 construction with in-unit W/D, gourmet kitchens, and a common roof deck for self-contained apartments.
      809 DIAMOND Street, PHILADELPHIA, PA 19122
      View Details
    • $610,000
      2,505 SF

      Fully Leased Triplex with In-Unit Laundry

      Three leased 2BR/1BA units with in-unit laundry and updated kitchens and baths.
      305 N 41ST Street, PHILADELPHIA, PA 19104
      View Details
    • $995,000
      4,216 SF

      2019 Four-Unit Multifamily Investment

      Four-unit, three-story property built in 2019 with one- and two-bedroom apartments, offered for sale in Philadelphia.
      2019 E SUSQUEHANNA Avenue, PHILADELPHIA, PA 19125
      View Details
    • $1,050,000
      5,124 SF

      Two-Building Multifamily Portfolio

      Two connected multifamily buildings total five residential units, with full basements and current full occupancy.
      4700-4702 CEDAR Avenue, PHILADELPHIA, PA 19143
      View Details
    • $2,750,000

      Turnkey Three-Story Building with Elevator

      Renovated three-story property with fully finished basement, elevator service, and sprinkler coverage across all levels.
      718 CHESTNUT Street, PHILADELPHIA, PA 19106
      View Details
    • $650,000
      2,694 SF

      Turnkey Triplex with Tax Abatement

      New construction triplex with three unit layouts, energy-efficient appliances, and private outdoor space for Unit 1.
      1219 W BUTLER Street, PHILADELPHIA, PA 19140
      View Details

    FAQs

    What type of property is this?
    Triplex - Fully leased triplex near University City, generating $46,200 annually.
    Where is this triplex located?
    The property is located at 3800 SPRING GARDEN Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: Fully leased triplex generating $46,200 annual gross rental income.; Prime corner location in highly desirable Powelton Village, adjacent to University City.; Strong rental demand driven by proximity to Drexel, UPenn, CHOP, and Penn Presbyterian.
    Contact an agent
    (609) 970-3075
    We can help!
    Contact an agent
    Margaret McCain
    Real Estate License ID: RS363819
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3800 SPRING GARDEN Street, PHILADELPHIA, PA 19104
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!