Three-Unit Triplex
For Sale
$650,000
Pending
4116 Powelton Avenue, Philadelphia, PA 19104
Three-story triplex with one one-bedroom and two two-bedroom updated units, sold as-is.
Property Size2,088 SF
Days on Market13
Property Features for 4116 Powelton Avenue
General Information
Standard status
Pending
Size
2,088 SF
Property subtype
Multi-Family / Fee Simple
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1915
Stories
3
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
(267) 601-3031
Listed By:
Carlton Williams · License #RS347638
(267) 601-3031
Source:
Compass
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 31 at 11:33AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This classic three-story income-producing triplex includes updated units configured as one 1 bed/1 bath and two 2 bed/1 bath units. The property is being sold as-is.
Located in popular West Powelton, the building is close to University City and major employment and everyday needs, including Drexel University, the University of Pennsylvania, Penn Presbyterian Hospital, shopping, restaurants, markets, and major highways and transportation.
The asset presents a straightforward multifamily setup for investors seeking a three-unit residential income property within the 19104 area.
Located in popular West Powelton, the building is close to University City and major employment and everyday needs, including Drexel University, the University of Pennsylvania, Penn Presbyterian Hospital, shopping, restaurants, markets, and major highways and transportation.
The asset presents a straightforward multifamily setup for investors seeking a three-unit residential income property within the 19104 area.
Key Highlights
- Three‑story income‑producing triplex (Year built: 1915) with updated rental units
- Unit mix: one 1BD/1BA and two 2BD/1BA units
- Sold as‑is
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 | $53.9k | $25.80 |
| − Vacancy | −$3.0k | −$1.42 |
| EGI | $50.9k | $24.38 |
| − OpEx | −$15.3k | −$7.31 |
| NOI | $35.6k | $17.06 |
2,088 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$509.0K
$445.4K – $593.9K
NOI $35,631 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$469.2K
$410.5K – $547.4K
NOI $32,843 @ 7.0% cap · market cap 5.05%
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
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,944
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-story triplex with one one-bedroom and two two-bedroom updated units, sold as-is.
Where is this triplex located?
The property is located at 4116 Powelton Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑story income‑producing triplex (Year built: 1915) with updated rental units; Unit mix: one 1BD/1BA and two 2BD/1BA units; Sold as‑is
