Renovated
New
For Sale
$599,900
4931 WARRINGTON AVENUE, Philadelphia, PA 19143
Three separate apartments feature central air conditioning, in-unit laundry, and individual gas and electric meters.
Property Size2,736 SF
Price / SF$219.26
Days on Market4
Property Features for 4931 WARRINGTON AVENUE
General Information
Standard status
Active
Size
2,736 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Additional Details
Gross Income
$52,800
Amenities
central air
in-unit washer/dryer
dishwasher
garbage disposal
laminate flooring
high ceilings
recessed lighting
stainless steel appliances
ceramic tiling
Building Details
Year Built
1925
Buildings
1
Stories
3
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Algernong Allen III · License #1540316
(267) 934-5551
Source:
Cummingsrealtors
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:53AM
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
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Investment Insights
Based on property information with market context.
This three-story corner triplex contains three renovated apartments, each with two bedrooms and central air conditioning. The 2,736-square-foot property was built in 1925. Apartment interiors include laminate flooring, high ceilings, recessed lighting, stainless steel kitchen appliances, dishwashers, garbage disposals, and ceramic-tile bathrooms. Each unit has its own washer and dryer, HVAC system, and electric panel. The full-length basement is unfinished, and the outdoor area has limited lawn space.
All three apartments are occupied. The building is identified in city records as a triplex, with separate gas and electric meters for the units. Nearby neighborhood destinations include Clark Park, Pentridge Station, and businesses along Baltimore Avenue. Transit options in the area include SEPTA’s Route 13 trolley, Route 52 bus, and the Media/Wawa Regional Rail Line.
All three apartments are occupied. The building is identified in city records as a triplex, with separate gas and electric meters for the units. Nearby neighborhood destinations include Clark Park, Pentridge Station, and businesses along Baltimore Avenue. Transit options in the area include SEPTA’s Route 13 trolley, Route 52 bus, and the Media/Wawa Regional Rail Line.
Key Highlights
- Three renovated two‑bedroom apartments, all occupied
- 2,736 square feet across three stories; built in 1925
- Central air conditioning, in‑unit washer and dryer, and individual HVAC in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,639
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,780
$592.8K
Cap Rate 7%
$423,414
$423.4K
Cap Rate 9%
$329,322
$329.3K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$45.6K $16.68/SF
− Vacancy
−$3.3K −$1.20/SF
EGI
$42.3K $15.48/SF
− OpEx
−$12.7K −$4.64/SF
NOI
$29.6K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,780
Cap Rate 7%
$423,414
Cap Rate 9%
$329,322
Alternative Uses
Best Use
Multifamily LT 5
$423.4K
$370.5K – $494.0K
NOI $29,639 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$376.6K
$329.5K – $439.4K
NOI $26,363 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$937.8K
$820.5K – $1.09M
NOI $65,643 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,983
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
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
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments feature central air conditioning, in-unit laundry, and individual gas and electric meters.
Where is this triplex located?
The property is located at 4931 WARRINGTON AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Three renovated two‑bedroom apartments, all occupied; 2,736 square feet across three stories; built in 1925; Central air conditioning, in‑unit washer and dryer, and individual HVAC in each apartment
