Legal Triplex With Vacant
4723 Whitaker Avenue Philadelphia, PA 19120
For Sale
$335,000
Legal triplex with three units and one vacant 2-bedroom unit, each with independent utilities and entrances.
Property Size1,200 SF
Price / SF$279.17
Days on Market123
Property Features for 4723 Whitaker Avenue
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1935
Listing Agency:
Mary Ann Hammel
(609) 304-2314
Listed By:
Christopher Twardy · License #1540241
(609) 304-2314
Source:
Thetristaterealestategroup
Added: Mar 24
Changed: Jul 22
Last Checked: Jul 24 at 5:29AM
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 Mary Ann Hammel
Investment Insights
Based on property information with market context.
4723 Whitaker Avenue is a legal triplex featuring three separate residential units with independent utilities and entrances. One 2-bedroom unit is currently vacant, while the other units are occupied. Reported current rents are $1,100 for a 2-bedroom unit, $950 for a 1-bedroom unit, and $1,050–$1,100 for the occupied 2-bedroom unit (vacant unit noted as 2-bedroom). Tenants are responsible for their own utilities.
The property sits on an oversized lot with alley access and potential for off-street parking. A functional layout and natural light are noted across the units. Located in the Lawncrest/Juniata Park area of Philadelphia, the property is described as having quick access to Roosevelt Boulevard, major highways, public transit, and nearby shopping, schools, dining, and neighborhood amenities.
The property sits on an oversized lot with alley access and potential for off-street parking. A functional layout and natural light are noted across the units. Located in the Lawncrest/Juniata Park area of Philadelphia, the property is described as having quick access to Roosevelt Boulevard, major highways, public transit, and nearby shopping, schools, dining, and neighborhood amenities.
Key Highlights
- Legal triplex on 0.07 acres (estimated) with three separate units
- One vacant 2‑bedroom unit; current rents include 2BR at $1,100, 1BR at $950, and vacant 2BR at $1,050–$1,100
- All units have independent utilities and separate entrances
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 | $20.0k | $16.68 |
| − Vacancy | −$1.4k | −$1.20 |
| EGI | $18.6k | $15.48 |
| − OpEx | −$5.6k | −$4.64 |
| NOI | $13.0k | $10.83 |
1,200 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$185.7K
$162.5K – $216.7K
NOI $13,000 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$165.2K
$144.5K – $192.7K
NOI $11,563 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$286.7K
$250.8K – $334.4K
NOI $20,066 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Legal triplex with three units and one vacant 2-bedroom unit, each with independent utilities and entrances.
Where is this triplex located?
The property is located at 4723 Whitaker Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Legal triplex on 0.07 acres (estimated) with three separate units; One vacant 2‑bedroom unit; current rents include 2BR at $1,100, 1BR at $950, and vacant 2BR at $1,050–$1,100; All units have independent utilities and separate entrances
