Turnkey Legal Triplex with
468 E WALNUT Lane Philadelphia, PA 19144
468 E WALNUT Lane, Philadelphia, PA, 19144
$525,000
For Sale
$525,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,640 SF
Lot Size0.05 Acres
Price / SF$198.86
Days on Market9
Property Features for 468 E WALNUT Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,640 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3600
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agency
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed by
Alexander Taggart Penn · License #RS352834
(610) 937-7122
Added: Jul 13 Updated: Jul 17 at 9:51AM Checked: Jul 21 at 8:06AM
MLS# PAPH2645618
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 turnkey legal triplex at 468 E Walnut Ln includes three updated residential units. The first-floor unit offers 1 bedroom and 1 bathroom. The second-floor unit has 2 bedrooms and 1 bathroom, and the third unit is also configured with 2 bedrooms and 1 bathroom. Updates noted in the offering include new countertops and recessed lighting. All three units have central air conditioning, with separate heating systems and A/C condensers, and each unit is served by individual gas and electric meters.
The property includes a shared rear deck for tenant use. A basement with coin-operated laundry and additional storage is also included, supporting day-to-day convenience for residents.
As an income-producing multifamily, this configuration provides three separate, metered units with in-unit comfort systems and shared common space, along with on-site laundry and storage in the basement.
The property includes a shared rear deck for tenant use. A basement with coin-operated laundry and additional storage is also included, supporting day-to-day convenience for residents.
As an income-producing multifamily, this configuration provides three separate, metered units with in-unit comfort systems and shared common space, along with on-site laundry and storage in the basement.
Key Highlights
- Legal triplex at 468 E Walnut Ln with $4,200/month rental income
- Three updated units: Unit 1 is 1 bed/1 bath; Units 2 and 3 are 2 bed/1 bath
- Central air in all units; separate heating systems, A/C condensers, and individual gas and electric meters
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 | $68.1k | $25.80 |
| − Vacancy | −$3.8k | −$1.42 |
| EGI | $64.4k | $24.38 |
| − OpEx | −$19.3k | −$7.31 |
| NOI | $45.1k | $17.06 |
2,640 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$643.6K
$563.1K – $750.9K
NOI $45,051 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$593.2K
$519.1K – $692.1K
NOI $41,526 @ 7.0% cap · market cap 7.91%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Legal triplex with three updated units, separate utilities, central air, basement laundry, and a shared rear deck.
Where is this triplex located?
The property is located at 468 E WALNUT Lane Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Legal triplex at 468 E Walnut Ln with $4,200/month rental income; Three updated units: Unit 1 is 1 bed/1 bath; Units 2 and 3 are 2 bed/1 bath; Central air in all units; separate heating systems, A/C condensers, and individual gas and electric meters
