Renovated Triplex with Varied Unit
New
For Sale
$425,000
4812 PENN STREET, Philadelphia, PA 19124
Three apartments offer distinct bedroom configurations, with a finished attic room in the largest unit.
Property Size3,200 SF
Price / SF$132.81
Days on Market7
Property Features for 4812 PENN STREET
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Triplex
Site & Location
Neighborhood
Kensington
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1940
Buildings
1
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Luis Luciano · License #RS327269
(215) 987-7633
Source:
Cummingsrealtors
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 26 at 3:16PM
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 KW Empower
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.
This triplex contains three apartments: a one-bedroom, one-bathroom unit; a two-bedroom, one-bathroom unit; and a three-bedroom, one-bathroom unit. The attic has been converted to a room in the three-bedroom apartment, where ceiling height is lower. The building totals 3,200 square feet and was built in 1940.
Renovations include new plumbing, electrical systems, high-efficiency heating and air conditioning, instant hot water heaters, doors, sheetrock, kitchens, and bathrooms. The basement is described as a potential area for a fourth unit, subject to completion; consult a contractor or architect regarding the work required.
Renovations include new plumbing, electrical systems, high-efficiency heating and air conditioning, instant hot water heaters, doors, sheetrock, kitchens, and bathrooms. The basement is described as a potential area for a fourth unit, subject to completion; consult a contractor or architect regarding the work required.
Key Highlights
- Three apartments: one 1‑bedroom/1‑bathroom, one 2‑bedroom/1‑bathroom, and one 3‑bedroom/1‑bathroom
- 3,200‑square‑foot building constructed in 1940
- Updated plumbing, electrical, HVAC, instant hot water heaters, doors, kitchens, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,941
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,820
$758.8K
Cap Rate 7%
$542,014
$542.0K
Cap Rate 9%
$421,567
$421.6K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$74.5K $23.28/SF
− Vacancy
−$5.5K −$1.72/SF
EGI
$69.0K $21.56/SF
− OpEx
−$31.0K −$9.70/SF
NOI
$37.9K $11.86/SF
Area
ZIP 19124
Vacancy
7.40%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,820
Cap Rate 7%
$542,014
Cap Rate 9%
$421,567
Alternative Uses
Best Use
Multifamily LT 5
$589.1K
$515.4K – $687.2K
NOI $41,234 @ 7.0% cap · market cap 9.70%
Second Best
Apartment 5plus
$542.0K
$474.3K – $632.4K
NOI $37,941 @ 7.0% cap · market cap 8.93%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $128,847 @ 7.0% cap · market cap 30.32%
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
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer distinct bedroom configurations, with a finished attic room in the largest unit.
Where is this triplex located?
The property is located at 4812 PENN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three apartments: one 1‑bedroom/1‑bathroom, one 2‑bedroom/1‑bathroom, and one 3‑bedroom/1‑bathroom; 3,200‑square‑foot building constructed in 1940; Updated plumbing, electrical, HVAC, instant hot water heaters, doors, kitchens, and bathrooms
