438-1/2 LEVERINGTON Avenue, Philadelphia, PA 19128
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Jun 8, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 8 at 9:06 pm
Property Features for 438-1/2 LEVERINGTON Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Interior features
- Floor Plan - Traditional
- Standard status
- Active
- Size
- 2,746 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8510
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Sandy L Wine License #RS292615 (215) 840-5679
Listing office Springer Realty Group 760 Constitution Drive unit: 106, Exton, PA (484) 498-4000
Listing date Jun 8, 2026
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.
HighLights
- Triplex with three 1‑bedroom, 1‑bath units in masonry construction
- Central air and forced‑air heating in the units
- All utilities are separately metered; landlord pays only water
- Unit 1 is currently vacant and includes exclusive basement access plus direct access to the rear yard
- Unit 2 includes in‑unit laundry and has been updated
- Roof replacement completed in 2018; on‑street parking available
Overview
Unit 2 has been updated and includes in-unit laundry. The property has a roof replacement completed in 2018. On-street parking is available. The location is described as offering easy access to shopping, dining, public transportation, major roadways, and nearby parks.
For buyers seeking a small multifamily where day-to-day utility management is streamlined, this triplex offers three separate units with individually metered utilities. With one unit vacant and two occupied units described as updated, the property may fit an owner-occupant strategy or a landlord looking to manage a compact portfolio. The presence of in-unit laundry in Unit 2 and the basement storage and rear-yard access tied to the first-floor unit are practical features for tenant comfort and usability.
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 | $70.8k | $25.80 |
| − Vacancy | −$3.9k | −$1.42 |
| EGI | $66.9k | $24.38 |
| − OpEx | −$20.1k | −$7.31 |
| NOI | $46.9k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.2195381
- Latitude
- 40.0347089
