Updated Triplex with Separate
For Sale
$515,000
468 E WALNUT Lane, Philadelphia, PA 19144
Multi-Family, PHILADELPHIA, PA
Property Size2,640 SF
Lot Size0.05 Acres
Price / SF$195.08
Days on Market94
Property Features for 468 E WALNUT Lane
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
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
Amenities
shared rear deck
coin-operated laundry
additional storage
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
Changed: Oct 1
Last Checked: Oct 14 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 legal triplex at 468 E Walnut Lane in Philadelphia contains three apartments across 2,640 square feet. The unit mix includes a first-floor one-bedroom apartment and two two-bedroom apartments, each with one bathroom. Interior updates include new countertops and recessed lighting. Central air serves all three units, while separate heating systems, A/C condensers, and individual gas and electric meters support independent utility management.
The masonry building was constructed in 1910 and occupies a 0.054-acre lot. A shared rear deck provides outdoor space, and the basement adds coin-operated laundry facilities and tenant storage. On-street parking is available. The property is located in Philadelphia, PA 19144.
The masonry building was constructed in 1910 and occupies a 0.054-acre lot. A shared rear deck provides outdoor space, and the basement adds coin-operated laundry facilities and tenant storage. On-street parking is available. The property is located in Philadelphia, PA 19144.
Key Highlights
- Legal triplex with three apartments: one 1‑bedroom unit and two 2‑bedroom units
- 2,640 square feet on a 0.054‑acre lot
- Central air in all three units with separate heating systems and A/C condensers
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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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three apartments include central air, individual utility meters, shared outdoor space, and basement laundry and storage.
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 with three apartments: one 1‑bedroom unit and two 2‑bedroom units; 2,640 square feet on a 0.054‑acre lot; Central air in all three units with separate heating systems and A/C condensers
