New Construction Triplex with
5005 Walnut Street, Philadelphia, PA 19139
New construction triplex near University City with separate utilities.
Type:Multi-Family / Fee Simple
Property size:
3,595 SFPrice / SF:
$222/SF- Added:
- Jan 21, 2026
- Days on Market:
- 133
- Last Refresh:
- Mar 13 at 5:20 pm
Property Features for 5005 Walnut Street
General Information
- Standard status
- Active
- Size
- 3,595 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2023
Listing agent Christopher K Somers License #RS278328 (267) 987-4443
Listing office KW Empower (267) 987-4443
Listing date Jan 21, 2026
Source Compass
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
HighLights
- Fully Occupied Triplex: Immediate rental income for investors or owner‑occupant opportunity.
- Enjoy a 10‑Year Tax Abatement: Significant property tax savings.
- New Construction with High‑End Finishes: Modern units featuring quartz countertops, custom cabinets, stainless steel appliances, and in‑unit washer/dryers.
- Private Outdoor Space: Includes a private rear yard for the first‑floor unit and a private roof deck for the third‑floor unit.
- Prime Location: Close proximity to University City, hospitals, University of Pennsylvania, Market‑Frankford Line, and Center City Philadelphia.
- Condo Conversion Potential: Property can be converted into individual condo units for future sale.
Overview
This new construction multifamily home offers an investor or owner occupant opportunity. The 3,595 square foot triplex includes a roof deck and a 10-year tax abatement. Each unit has separate utilities, including water, which is sub-metered. Constructed with quartz countertops, custom solid wood cabinets, high-end stainless steel appliances, and designer fixtures, each unit also features a full-size front-end washer and dryer. The first-floor unit is a bi-level 3-bedroom, 3-bathroom apartment with a kitchen/living area, a full bathroom, and a bedroom on the main level, as well as access to a private rear yard. The lower level contains two additional bedrooms and bathrooms, one of which is ensuite, and a laundry area. The middle unit is a 2-bedroom, 1.5-bathroom apartment with a balcony off the rear bedroom. The third-floor unit is a 2-bedroom, 1.5-bathroom apartment with access to a private roof deck. The property is all-electric with no gas. Located near the University City neighborhood, it is situated close to hospitals and the University of Pennsylvania, steps from the Market-Frankford Line, and a short distance to downtown Center City Philadelphia. Parks, restaurants, and shopping are within walking distance. The property can be purchased as 3 condo units and sold off individually in the future.
Local 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 | $92.8k | $25.80 |
| − Vacancy | −$5.1k | −$1.42 |
| EGI | $87.6k | $24.38 |
| − OpEx | −$26.3k | −$7.31 |
| NOI | $61.3k | $17.06 |
3,595 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$876.4K
$766.9K – $1.02M
NOI $61,348 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$807.8K
$706.9K – $942.5K
NOI $56,548 @ 7.0% cap · market cap 7.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.22176
- Latitude
- 39.956738
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - New construction triplex near University City with separate utilities.
Where is this triplex located?
The property is located at 5005 Walnut Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Fully Occupied Triplex: Immediate rental income for investors or owner‑occupant opportunity.; Enjoy a 10‑Year Tax Abatement: Significant property tax savings.; New Construction with High‑End Finishes: Modern units featuring quartz countertops, custom cabinets, stainless steel appliances, and in‑unit washer/dryers.
