Fully Renovated Legal
5026 Master Street Philadelphia, PA 19131
For Sale
$410,000
Renovated legal triplex with a 2-bed 1-bath, a 1-bed 1-bath, and a studio apartment.
Property Size2,320 SF
Price / SF$176.72
Days on Market67
Property Features for 5026 Master Street
General Information
- Standard status
- Active
- Size
- 2,320 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency:
Honest Real Estate
(267) 340-1034
Listed By:
Scott C Kelly · License #2439442
(267) 340-1034
Source:
Compass
Added: May 19
Changed: Jul 21
Last Checked: Jul 23 at 10:32AM
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 Honest Real Estate
Investment Insights
Based on property information with market context.
This fully renovated legal triplex includes three distinct residential units: a spacious 2-bedroom, 1-bath unit, a 1-bedroom, 1-bath unit, and a studio apartment. Updates have been made to each unit, creating a low-maintenance, ready-for-occupancy setup.
The property is located at 5026 Master Street in Philadelphia, PA 19131, within the Philadelphia City School District.
With three separate units under one roof, the configuration supports multiple sources of rental income while providing flexibility for an owner-occupant scenario.
The property is located at 5026 Master Street in Philadelphia, PA 19131, within the Philadelphia City School District.
With three separate units under one roof, the configuration supports multiple sources of rental income while providing flexibility for an owner-occupant scenario.
Key Highlights
- Fully renovated legal triplex with three separate units on one property.
- Unit mix includes a 2‑bedroom, 1‑bath layout.
- Includes a 1‑bedroom, 1‑bath unit.
Financial Insights For Apartment 5plus
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 | $70.4k | $30.36 |
| − Vacancy | −$4.1k | −$1.76 |
| EGI | $66.3k | $28.60 |
| − OpEx | −$29.9k | −$12.87 |
| NOI | $36.5k | $15.73 |
2,320 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$565.6K
$494.9K – $659.9K
NOI $39,591 @ 7.0% cap · market cap 9.66%
Second Best
Apartment 5plus
$521.3K
$456.2K – $608.2K
NOI $36,492 @ 7.0% cap · market cap 8.90%
Theoretical Best
—
—
same as Best Use
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 - Renovated legal triplex with a 2-bed 1-bath, a 1-bed 1-bath, and a studio apartment.
Where is this triplex located?
The property is located at 5026 Master Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Fully renovated legal triplex with three separate units on one property.; Unit mix includes a 2‑bedroom, 1‑bath layout.; Includes a 1‑bedroom, 1‑bath unit.
