4216 Westminster Avenue Philadelphia, PA 19104
Updated triplex with modern amenities in West Philadelphia's Belmont neighborhood.
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 (215) 960-9537
Listing date Jan 19, 2026
Source Compass
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Investment Insights
Based on property information with market context.
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 |