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Renovated Triplex in Belmont

4216 Westminster Avenue Philadelphia, PA 19104

4216 Westminster Avenue, Philadelphia, PA, 19104
$349,900
For Sale
Claim this Listing
$349,900

Updated triplex with modern amenities in West Philadelphia's Belmont neighborhood.

Property Size1,584 SF
Price / SF$220.90
AddedJan 19
Days on Market178
Last RefreshJul 15 at 9:36 pm

Property Features for 4216 Westminster Avenue

General Information

Standard status
Active
Size
1,584 SF
Property subtype
Multi-Family / Fee Simple

Building Details

Year Built
1925

Listing office KW Empower

Listing date Jan 19, 2026

Source Compass

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 KW Empower


Investment Insights

Based on property information with market context.

This newly renovated triplex is located in the Belmont neighborhood of West Philadelphia. The property features three updated units. Unit 1 is a tenant-occupied studio, Unit 2 is a vacant one-bedroom unit with a private yard, and Unit 3 is a tenant-occupied two-bedroom unit. Each unit includes modern kitchens with quartz countertops, gray shaker cabinets, white subway tile backsplashes, and GE appliances. The bathrooms feature white subway tiles and gray vanities. Additional amenities include central AC, luxury vinyl plank flooring, keyless entry, and an intercom system. For security, the building has Ring cameras at the front and rear for remote viewing. A shared washer and dryer are located in the basement. The property is suitable for an owner-occupant looking to live in one unit while renting out the others. The property is close to public transportation, including the 10, 43, and 40 buses, and has easy access to major highways. It is also located minutes from the Philadelphia Zoo, The Please Touch Museum, the Art Museum, the Franklin Institute, and the Barnes Foundation. The property is near Drexel University, University of Pennsylvania, University of the Sciences, parks, and sporting events. The property size is 1584 square feet.

Key Highlights

  • Newly renovated triplex in Belmont, offering immediate rental income.
  • Three updated units featuring modern kitchens with quartz countertops and GE appliances.
  • Unit 2 is a vacant one‑bedroom with a private yard, ideal for immediate occupancy.

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 $40.9k $25.80
− Vacancy −$2.3k −$1.42
EGI $38.6k $24.38
− OpEx −$11.6k −$7.31
NOI $27.0k $17.06
1,584 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$386.2K
$337.9K – $450.5K (±1% cap)
NOI $27,031 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$355.9K
$311.5K – $415.3K (±1% cap)
NOI $24,916 @ 7.0% cap · market cap 7.12%
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

Law Firm Electrical Service HVAC Service Skin Care Clinic (Bike/Boat/Book/etc) Store Acupuncture (Bike/Boat/Book/etc) Store Dental Office (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Triplex - Updated triplex with modern amenities in West Philadelphia's Belmont neighborhood.
Where is this triplex located?
The property is located at 4216 Westminster Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Newly renovated triplex in Belmont, offering immediate rental income.; **Three updated units featuring modern kitchens with quartz countertops and GE appliances.**; **Unit 2 is a vacant one‑bedroom with a private yard, ideal for immediate occupancy.**
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