Renovated Triplex with Separate
For Sale
$279,900
4628 PENN STREET, Philadelphia, PA 19124
Three leased units include basement laundry and tenant-paid gas and electric utilities.
Property Size2,910 SF
Days on Market54
Property Features for 4628 PENN STREET
General Information
Standard status
Active
Size
2,910 SF
Property subtype
Triplex
Occupancy
100%
Net Operating Income
$21,208
Financials
Asking Price
$349,900
Cap Rate
6.1%
Gross Income
$38,700
Average Monthly Rent
$1,075
Site & Location
Neighborhood
Kensington
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,096
Amenities
coin-operated washer and dryer
Building Details
Building Size
2,910 SF
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach-Jenkintown
Listed By:
christian washington · License #rs347539
(267) 981-5392
Source:
Mainlinekw
Added: Aug 31
Changed: Oct 21
Last Checked: Oct 21 at 4:03AM
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 BHHS Fox & Roach-Jenkintown
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Investment Insights
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This renovated triplex contains two two-bedroom, one-bath units and one one-bedroom, one-bath unit. The first-floor residence includes private backyard access. All three apartments are occupied under fixed-term leases, and each unit has separate gas and electric service paid directly by the tenants. A coin-operated washer and dryer are located in the basement, adding an on-site income feature. The property was built in 1940 and is configured as a stabilized three-unit multifamily asset.
The unit mix provides two larger apartments alongside a one-bedroom layout, with existing occupancy across the building. The property generates a reported 2025 NOI of $21,208.41 and an approximately 6.1% cap rate.
The unit mix provides two larger apartments alongside a one-bedroom layout, with existing occupancy across the building. The property generates a reported 2025 NOI of $21,208.41 and an approximately 6.1% cap rate.
Key Highlights
- Fully renovated triplex with 100% occupancy
- Unit mix includes two 2‑bed/1‑bath units and one 1‑bed/1‑bath unit
- All three units are under fixed‑term leases
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,852
Businesses Nearby
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Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three leased units include basement laundry and tenant-paid gas and electric utilities.
Where is this triplex located?
The property is located at 4628 PENN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Fully renovated triplex with 100% occupancy; Unit mix includes two 2‑bed/1‑bath units and one 1‑bed/1‑bath unit; All three units are under fixed‑term leases
