End-Row Triplex With Central
For Sale
$529,900
4019 SPRING GARDEN STREET, Philadelphia, PA 19104
Three apartments are separately metered, each with updated kitchens and bathrooms, plus hot air heat and central air.
Property Size3,100 SF
Price / SF$170.94
Days on Market15
Property Features for 4019 SPRING GARDEN STREET
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Triplex
Additional Details
Sprinkler System
Yes
Multifamily Units
3
Amenities
central air conditioning
hardwood and tile flooring
newer kitchens and bathrooms
shared laundry room
fire sprinkler system
separate metering
Building Details
Year Built
1915
Listing Agency:
New Age Realty Group Inc
(215) 387-1002
Listed By:
Christos Tzimoulis · License #RM423707
(215) 387-1002
Source:
Cummingsrealtors
Added: Jul 17
Changed: Jul 25
Last Checked: Jul 30 at 5:50AM
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 New Age Realty Group Inc
Investment Insights
Based on property information with market context.
This end-row triplex offers three separate apartments, with each floor configured as a 3-bedroom unit. The apartments include updated kitchens and bathrooms, with hardwood and tile flooring, and feature hot air heat plus central air conditioning. Access to the basement is available from the rear of the property, where the building mechanicals are located. A shared laundry room is situated on the first floor near the building entrance, and the building is equipped with a fire sprinkler system.
Units 1 and 3 are currently rented through 8/31/2027, while Unit 2 is scheduled to be vacant as of 8/1/2026. Each unit is separately metered.
The property is presented as a for-sale investment opportunity and is located near multiple universities, supporting long-term renter demand.
Units 1 and 3 are currently rented through 8/31/2027, while Unit 2 is scheduled to be vacant as of 8/1/2026. Each unit is separately metered.
The property is presented as a for-sale investment opportunity and is located near multiple universities, supporting long-term renter demand.
Key Highlights
- 1915‑built end‑of‑row triplex with three 3‑bedroom apartments
- Each unit has updated kitchens and bathrooms, with hot air heat plus central air conditioning
- Units 1 and 3 are rented through 8/31/2027; Unit 2 will be vacant as of 8/1/2026
Financial Insights For Apartment 5plus
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 | $94.1k | $30.36 |
| − Vacancy | −$5.5k | −$1.76 |
| EGI | $88.7k | $28.60 |
| − OpEx | −$39.9k | −$12.87 |
| NOI | $48.8k | $15.73 |
3,100 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$755.7K
$661.3K – $881.7K
NOI $52,901 @ 7.0% cap · market cap 9.98%
Second Best
Apartment 5plus
$696.6K
$609.5K – $812.7K
NOI $48,761 @ 7.0% cap · market cap 9.20%
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
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
4,762
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments are separately metered, each with updated kitchens and bathrooms, plus hot air heat and central air.
Where is this triplex located?
The property is located at 4019 SPRING GARDEN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 1915‑built end‑of‑row triplex with three 3‑bedroom apartments; Each unit has updated kitchens and bathrooms, with hot air heat plus central air conditioning; Units 1 and 3 are rented through 8/31/2027; Unit 2 will be vacant as of 8/1/2026
