Renovated Triplex with Central
For Sale
$339,900
4216 WESTMINSTER Avenue, Philadelphia, PA 19104
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,584 SF
Lot Size0.05 Acres
Price / SF$214.58
Days on Market187
Property Features for 4216 WESTMINSTER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,584 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6584
Utilities
Heating system
Other (Heating)
Cooling system
Central Air
Amenities
central AC
luxury vinyl plank flooring
keyless entry
intercom system
Ring cameras
shared washer and dryer
Building Details
Year built
1925
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Elan Elkaim · License #RS316148
(215) 960-9537
Added: Jan 30
Changed: Aug 4
Last Checked: Aug 5 at 2:06AM
MLS# PAPH2570012
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 1,584-square-foot masonry triplex, built in 1925, contains three renovated residences: a tenant-occupied studio, a vacant one-bedroom unit with a private yard, and a tenant-occupied two-bedroom unit. Interiors feature modern kitchens with quartz countertops, gray shaker cabinetry, white subway tile backsplashes, and GE appliances. Additional building features include central air, luxury vinyl plank flooring, keyless entry, an intercom system, Ring cameras at the front and rear, and shared laundry in the basement.
The property is located at 4216 Westminster Avenue in Philadelphia’s Belmont neighborhood. Public transportation options include the 10, 43, and 40 buses, with access to major highways. The property is also near the Philadelphia Zoo, Please Touch Museum, the Art Museum, the Franklin Institute, the Barnes Foundation, Drexel University, the University of Pennsylvania, and the University of the Sciences.
The three-unit layout includes an opportunity for an owner-occupant to reside in one unit while renting the others.
The property is located at 4216 Westminster Avenue in Philadelphia’s Belmont neighborhood. Public transportation options include the 10, 43, and 40 buses, with access to major highways. The property is also near the Philadelphia Zoo, Please Touch Museum, the Art Museum, the Franklin Institute, the Barnes Foundation, Drexel University, the University of Pennsylvania, and the University of the Sciences.
The three-unit layout includes an opportunity for an owner-occupant to reside in one unit while renting the others.
Key Highlights
- Three‑unit layout with a studio, one‑bedroom, and two‑bedroom residence
- 1,584 square feet on a 0.0459‑acre lot
- One‑bedroom unit includes a private yard; studio and two‑bedroom units are tenant‑occupied
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
NOI $27,031 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$355.9K
$311.5K – $415.3K
NOI $24,916 @ 7.0% cap · market cap 7.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,162
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 updated units offer a studio, one-bedroom, and two-bedroom configuration, including one residence with a private yard.
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 $339,900.
What are key features of this property?
This property features: Three‑unit layout with a studio, one‑bedroom, and two‑bedroom residence; 1,584 square feet on a 0.0459‑acre lot; One‑bedroom unit includes a private yard; studio and two‑bedroom units are tenant‑occupied
