Updated 3-Unit
468 E WALNUT Lane, Philadelphia, PA 19144
For Sale
New
$515,000
Multi-Family, PHILADELPHIA, PA
Property Size2,640 SF
Lot Size0.05 Acres
Price / SF$195.08
Days on Market4
Property Features for 468 E WALNUT Lane
General Information
Property type
Property subtype
Rooms
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
shared rear deck
coin-operated laundry
additional storage
central air conditioning
Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Alexander Taggart Penn · License PA RS352834
(610) 937-7122
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 10 at 9:06PM
MLS# PAPH2688730
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 468 E Walnut Lane, this masonry triplex contains three apartments across 2,640 square feet. The unit mix consists of one first-floor one-bedroom, one-bath apartment and two additional apartments, each with two bedrooms and one bath. Reported updates include countertops and recessed lighting. Central air conditioning serves all three units, with separate heating systems and A/C condensers for each apartment; gas and electric service is individually metered.
The 0.054-acre property was built in 1910. Shared amenities include a rear deck, while the basement provides coin-operated laundry and additional tenant storage. The property is in Philadelphia, PA 19144, and parking is on street.
The 0.054-acre property was built in 1910. Shared amenities include a rear deck, while the basement provides coin-operated laundry and additional tenant storage. The property is in Philadelphia, PA 19144, and parking is on street.
Key Highlights
- Three apartments: one 1‑bedroom, 1‑bath unit and two 2‑bedroom, 1‑bath units
- 2,640‑square‑foot masonry property on a 0.054‑acre lot
- Central air conditioning in all three apartments; 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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Utilities to site
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
$224,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Philadelphia, PA
Properties on Market for Triplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Individual gas and electric meters serve each apartment, alongside separate heating systems and central air conditioning.
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: Three apartments: one 1‑bedroom, 1‑bath unit and two 2‑bedroom, 1‑bath units; 2,640‑square‑foot masonry property on a 0.054‑acre lot; Central air conditioning in all three apartments; separate heating systems and A/C condensers
