Corner Lot Triplex with
4843 Walton Avenue Philadelphia, PA 19143
For Sale
$640,000
Well-maintained triplex on a corner lot with a front porch and side and rear yard space.
Property Size2,916 SF
Price / SF$219.48
Days on Market79
Property Features for 4843 Walton Avenue
General Information
- Standard status
- Active
- Size
- 2,916 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency:
REALTY ONE GROUP FOCUS
(267) 258-8220
Listed By:
Lisa Carpino · License #RS355638
(267) 258-8220
Source:
Compass
Added: May 7
Changed: Jul 21
Last Checked: Jul 23 at 8:19AM
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 REALTY ONE GROUP FOCUS
Investment Insights
Based on property information with market context.
This well-maintained triplex features three residential units with thoughtfully designed layouts and natural light throughout. The first-floor unit offers two bedrooms and one bath and is currently vacant. The second- and third-floor units each provide one bedroom and one bath and are tenant-occupied.
Set on a desirable corner lot, the property includes a front porch as well as side and rear yard space for outdoor use.
The building offers a practical mix of owner-occupant flexibility and ongoing rental income, with one unit currently available while two units remain occupied.
Set on a desirable corner lot, the property includes a front porch as well as side and rear yard space for outdoor use.
The building offers a practical mix of owner-occupant flexibility and ongoing rental income, with one unit currently available while two units remain occupied.
Key Highlights
- Well‑maintained triplex built in 1925 on a corner lot
- Front porch plus side and rear yard space for outdoor living
- Unit mix: first‑floor 2BD/1BA (vacant) and two upper units each with 1BD/1BA (tenant‑occupied)
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 | $48.6k | $16.68 |
| − Vacancy | −$3.5k | −$1.20 |
| EGI | $45.1k | $15.48 |
| − OpEx | −$13.5k | −$4.64 |
| NOI | $31.6k | $10.83 |
2,916 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$451.3K
$394.9K – $526.5K
NOI $31,589 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$401.4K
$351.2K – $468.3K
NOI $28,097 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$999.5K
$874.5K – $1.17M
NOI $69,962 @ 7.0% cap · market cap 10.93%
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 - Well-maintained triplex on a corner lot with a front porch and side and rear yard space.
Where is this triplex located?
The property is located at 4843 Walton Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Well‑maintained triplex built in 1925 on a corner lot; Front porch plus side and rear yard space for outdoor living; Unit mix: first‑floor 2BD/1BA (vacant) and two upper units each with 1BD/1BA (tenant‑occupied)
