Modern Triplex in West
5136 Ranstead Street, Philadelphia, PA 19139
New construction triplex in a high-growth Philadelphia corridor.
Type:Multi-Family / Fee Simple
Property size:
2,700 SFPrice / SF:
$220/SF- Added:
- Jul 18, 2025
- Days on Market:
- 319
- Last Refresh:
- Mar 13 at 2:14 pm
Property Features for 5136 Ranstead Street
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2023
Listing agent Donald Matthew Carlyon License #RS374572 (570) 578-9706
Listing office EXP Realty, LLC (570) 578-9706
Listing date Jul 18, 2025
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 EXP Realty, LLC
HighLights
- New Construction (2023) Triplex: Modern, low‑maintenance property.
- Turnkey Investment: Fully leased, generating $4,150/month.
- High‑Growth Location: Situated in West Philadelphia, near public transit, universities, and dining.
- Three Separate Units: 2,700 sq ft triplex offering multiple income streams.
- Contemporary Finishes & Abundant Natural Light: Attractive and modern living spaces.
- Brand New Systems (2023): New electrical, plumbing, and HVAC systems.
Overview
Constructed in 2023, this triplex is a brick-and-masonry building designed for investors. The property contains 2,700 square feet divided into three units. All three units are currently leased month to month for a total of $4,150 per month. Each apartment features contemporary finishes and abundant natural light. The property includes new systems for electrical, plumbing, and HVAC, all installed in 2023. Located in West Philadelphia, the property is near public transit, universities, and dining options. This multifamily asset is positioned in a high-growth corridor and is suitable for cash flow investors.
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 | $69.7k | $25.80 |
| − Vacancy | −$3.8k | −$1.42 |
| EGI | $65.8k | $24.38 |
| − OpEx | −$19.7k | −$7.31 |
| NOI | $46.1k | $17.06 |
2,700 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$658.2K
$575.9K – $767.9K
NOI $46,075 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$606.7K
$530.9K – $707.8K
NOI $42,470 @ 7.0% cap · market cap 7.14%
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
- -75.2242601
- Latitude
- 39.9587648
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - New construction triplex in a high-growth Philadelphia corridor.
Where is this triplex located?
The property is located at 5136 Ranstead Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: New Construction (2023) Triplex: Modern, low‑maintenance property.; Turnkey Investment: Fully leased, generating $4,150/month.; High‑Growth Location: Situated in West Philadelphia, near public transit, universities, and dining.
