Fully Renovated Legal
For Sale
$350,000
5136 WALNUT Street, Philadelphia, PA 19139
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,760 SF
Lot Size0.03 Acres
Price / SF$198.86
Days on Market110
Property Features for 5136 WALNUT Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,760 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
722
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1925
Number of units
3
Building materials
Masonry
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Samantha Lee Miller · License #RS352351
(215) 692-3107
Added: Apr 15
Changed: Jul 13
Last Checked: Aug 2 at 1:06AM
MLS# PAPH2608088
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
5136 Walnut Street is a fully renovated and occupied legal triplex in West Philadelphia, offering a straightforward income setup with three separate rental units. The building contains two studio apartments and one spacious two-bedroom unit, all updated with modern finishes. The property was fully renovated in 2020, including major system improvements such as updated electrical, plumbing, HVAC, insulation, a new roof, vinyl siding, and replacement windows, supporting a low-maintenance ownership experience.
The triplex is located in a convenient, growing West Philadelphia neighborhood with access to University City and public transportation. It is also positioned near neighborhood shopping and local dining, which can be an important factor for tenant demand and rental stability in an income-focused property.
With the units already rented, the property is well suited for investors seeking immediate cash flow rather than a repositioning opportunity. It may also work for an owner-occupant who wants to live in one unit while offsetting expenses with rental income from the remaining apartments. For buyers looking for a renovated multifamily asset with multiple unit types—studios plus a larger two-bedroom—this offering provides a practical, turnkey option.
The triplex is located in a convenient, growing West Philadelphia neighborhood with access to University City and public transportation. It is also positioned near neighborhood shopping and local dining, which can be an important factor for tenant demand and rental stability in an income-focused property.
With the units already rented, the property is well suited for investors seeking immediate cash flow rather than a repositioning opportunity. It may also work for an owner-occupant who wants to live in one unit while offsetting expenses with rental income from the remaining apartments. For buyers looking for a renovated multifamily asset with multiple unit types—studios plus a larger two-bedroom—this offering provides a practical, turnkey option.
Key Highlights
- Fully renovated, occupied legal triplex with 2 studio units and 1 two‑bedroom unit
- 2020 full renovation: updated electrical, plumbing, HVAC, insulation, new roof, vinyl siding and windows
- Systems include heat pump and electric heating, with central air cooling
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 | $45.4k | $25.80 |
| − Vacancy | −$2.5k | −$1.42 |
| EGI | $42.9k | $24.38 |
| − OpEx | −$12.9k | −$7.31 |
| NOI | $30.0k | $17.06 |
1,760 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$429.1K
$375.4K – $500.6K
NOI $30,034 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$395.5K
$346.1K – $461.4K
NOI $27,684 @ 7.0% cap · market cap 7.91%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Turnkey, fully occupied triplex with two studios and a two-bedroom unit, designed for immediate income and low maintenance.
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 $350,000.
What are key features of this property?
This property features: Fully renovated, occupied legal triplex with 2 studio units and 1 two‑bedroom unit; 2020 full renovation: updated electrical, plumbing, HVAC, insulation, new roof, vinyl siding and windows; Systems include heat pump and electric heating, with central air cooling
