Renovated Occupied
For Sale
$325,000
5136 WALNUT STREET, Philadelphia, PA 19139
Updated residential property combines studio and two-bedroom layouts with modern finishes and upgraded building systems.
Property Size1,760 SF
Price / SF$184.66
Days on Market50
Property Features for 5136 WALNUT STREET
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Neighborhood
Walnut Hill
Public Transit
Yes
Units
Unit Mix
2 x studio, 1 x 2BR
Multifamily Units
3
Building Details
Year Built
1925
Year Renovated
2020
Buildings
1
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Samantha Lee Miller · License #RS352351
(215) 692-3107
Source:
Cummingsrealtors
Added: Sep 14
Changed: Nov 1
Last Checked: Nov 1 at 4:25AM
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 Mallin Panchelli Nadel Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This legal triplex in West Philadelphia was fully renovated in 2020 and is currently occupied. The unit mix includes two studio apartments and one two-bedroom residence, each updated with modern finishes. Major improvements included electrical, plumbing, HVAC, insulation, roofing, vinyl siding, and windows, creating a substantially refreshed residential asset. The building was originally constructed in 1925.
A 10-year property tax abatement runs through 2029. The property is situated near University City, public transportation, neighborhood shopping, and local dining. Its three-unit configuration also accommodates an owner-occupant arrangement, with rental residences supporting the household while maintaining the existing residential layout.
A 10-year property tax abatement runs through 2029. The property is situated near University City, public transportation, neighborhood shopping, and local dining. Its three-unit configuration also accommodates an owner-occupant arrangement, with rental residences supporting the household while maintaining the existing residential layout.
Key Highlights
- Legal triplex with two studios and one two‑bedroom apartment
- Fully renovated in 2020 with updated electrical, plumbing, HVAC, insulation, roof, siding, and windows
- Currently occupied and fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,684
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,680
$553.7K
Cap Rate 7%
$395,486
$395.5K
Cap Rate 9%
$307,600
$307.6K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$53.4K $30.36/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$50.3K $28.60/SF
− OpEx
−$22.7K −$12.87/SF
NOI
$27.7K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,680
Cap Rate 7%
$395,486
Cap Rate 9%
$307,600
Alternative Uses
Best Use
Multifamily LT 5
$429.1K
$375.4K – $500.6K
NOI $30,034 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$395.5K
$346.1K – $461.4K
NOI $27,684 @ 7.0% cap · market cap 8.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,343
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Updated residential property combines studio and two-bedroom layouts with modern finishes and upgraded building systems.
Where is this triplex located?
The property is located at 5136 WALNUT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Legal triplex with two studios and one two‑bedroom apartment; Fully renovated in 2020 with updated electrical, plumbing, HVAC, insulation, roof, siding, and windows; Currently occupied and fully rented
