Updated Legal
For Sale
$515,000
468 E WALNUT LANE, Philadelphia, PA 19144
Three updated apartments with separate utilities, central air, shared outdoor space, and basement laundry.
Property Size2,640 SF
Days on Market104
Property Features for 468 E WALNUT LANE
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Triplex
Site & Location
Neighborhood
Morton
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$50,400
Taxes and HOA fees
Annual Taxes
$3,600
Amenities
shared rear deck
coin-operated laundry
storage
Building Details
Building Size
2,640 SF
Year Built
1910
Listing Agency:
Keller Williams Realty Devon-Wayne
Listed By:
Alexander Taggart Penn · License #RS352834
(610) 937-7122
Source:
Lizclarkrealestate
Added: Jul 13
Changed: Oct 21
Last Checked: Oct 23 at 2:30PM
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 Keller Williams Realty Devon-Wayne
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Investment Insights
Based on property information with market context.
This legal triplex contains three updated apartments with a practical unit mix: one first-floor one-bedroom, one-bath residence and two two-bedroom, one-bath apartments. Improvements include new countertops and recessed lighting, while central air conditioning serves each unit. Separate heating systems, A/C condensers, and individual gas and electric meters provide distinct utility service for each apartment.
Residents share a rear deck, and the basement adds coin-operated laundry facilities along with tenant storage. The property is located at 468 E Walnut Ln in Philadelphia, PA and offers a three-unit configuration suited to multifamily ownership or an owner-occupant arrangement.
Residents share a rear deck, and the basement adds coin-operated laundry facilities along with tenant storage. The property is located at 468 E Walnut Ln in Philadelphia, PA and offers a three-unit configuration suited to multifamily ownership or an owner-occupant arrangement.
Key Highlights
- Legal triplex at 468 E Walnut Ln, Philadelphia, PA
- Three‑unit layout with one 1‑bedroom and two 2‑bedroom apartments
- New countertops and recessed lighting in the updated units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,051
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,020
$901.0K
Cap Rate 7%
$643,586
$643.6K
Cap Rate 9%
$500,567
$500.6K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$68.1K $25.80/SF
− Vacancy
−$3.8K −$1.42/SF
EGI
$64.4K $24.38/SF
− OpEx
−$19.3K −$7.31/SF
NOI
$45.1K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,020
Cap Rate 7%
$643,586
Cap Rate 9%
$500,567
Alternative Uses
Best Use
Multifamily LT 5
$643.6K
$563.1K – $750.9K
NOI $45,051 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$593.2K
$519.1K – $692.1K
NOI $41,526 @ 7.0% cap · market cap 8.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
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Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three updated apartments with separate utilities, central air, shared outdoor space, and basement laundry.
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 $515,000.
What are key features of this property?
This property features: Legal triplex at 468 E Walnut Ln, Philadelphia, PA; Three‑unit layout with one 1‑bedroom and two 2‑bedroom apartments; New countertops and recessed lighting in the updated units
