Well-Maintained Triplex with
438 Leverington Avenue Philadelphia, PA 19128
For Sale
$540,000
Pending
Triplex includes three 1-bedroom, 1-bath units, with one updated unit offering in-unit laundry and central air.
Property Size2,746 SF
Days on Market47
Property Features for 438 Leverington Avenue
General Information
- Standard status
- Pending
- Size
- 2,746 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing Agency:
Springer Realty Group
(215) 840-5679
Listed By:
Sandy L Wine · License #RS292615
(215) 840-5679
Source:
Compass
Added: Jun 8
Changed: Jul 23
Last Checked: Jul 24 at 12:55PM
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 Springer Realty Group
Investment Insights
Based on property information with market context.
This well-maintained triplex offers three spacious 1-bedroom, 1-bath units. Each unit includes a living area and central air conditioning. Utilities are separately metered, with the landlord responsible only for water. The first-floor unit is currently vacant, while Unit 2 has been updated and features in-unit laundry.
The property includes exclusive basement access with direct access to the rear yard for the first-floor unit. On-street parking is available. The roof was replaced in 2018.
Located at 438 Leverington Avenue in Philadelphia’s 19128 area, the home is positioned for convenient access to shopping, dining, public transportation, major roadways, and nearby parks.
The property includes exclusive basement access with direct access to the rear yard for the first-floor unit. On-street parking is available. The roof was replaced in 2018.
Located at 438 Leverington Avenue in Philadelphia’s 19128 area, the home is positioned for convenient access to shopping, dining, public transportation, major roadways, and nearby parks.
Key Highlights
- Triplex with three 1‑bedroom, 1‑bath units.
- Unit 2 is updated and includes in‑unit laundry.
- Central air provided for year‑round comfort; no pool on the property.
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 |
2,746 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$669.4K
$585.8K – $781.0K
NOI $46,860 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$617.0K
$539.9K – $719.9K
NOI $43,193 @ 7.0% cap · market cap 8.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex includes three 1-bedroom, 1-bath units, with one updated unit offering in-unit laundry and central air.
Where is this triplex located?
The property is located at 438 Leverington Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Triplex with three 1‑bedroom, 1‑bath units.; Unit 2 is updated and includes in‑unit laundry.; Central air provided for year‑round comfort; no pool on the property.
