Triplex Investment
For Sale
$295,000
5228 VINE STREET, Philadelphia, PA 19139
Legally approved triplex with three residential units, including in-unit washer and dryer for Unit 1 and Unit 2.
Property Size1,710 SF
Days on Market148
Property Features for 5228 VINE STREET
General Information
Standard status
Active
Size
1,710 SF
Property subtype
Triplex
Financials
Asking Price
$335,000
Gross Income
$39,000
Site & Location
Neighborhood
West Philadelphia
Taxes and HOA fees
Annual Taxes
$2,512
Amenities
In-unit washer and dryer
Shared access to rear yard
Building Details
Building Size
1,710 SF
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
Realty Mark Associates
Listed By:
Natasha Ocasio · License #RS340647
(215) 882-3144
Source:
Patmckennarealtors
Added: Jun 7
Changed: Oct 31
Last Checked: Oct 30 at 10:15PM
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 Realty Mark Associates
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Investment Insights
Based on property information with market context.
This legally zoned and approved triplex provides three residential units for an investor looking for income-producing multifamily ownership. Built in 1925, the property includes Unit 1 with 1 bedroom and 1 bathroom, a spacious bedroom, a large storage closet, and an eat-in kitchen, along with in-unit washer and dryer. Unit 1 also has shared access to the rear yard. Unit 2 offers 2 bedrooms and 1 bathroom, with in-unit washer and dryer and shared access to the rear yard.
Located at 5228 Vine Street in Philadelphia, the property is described as being in a desirable West Philadelphia area. It is positioned near public transportation and within reach of shopping, universities, parks, and major commuter routes.
Rents are currently described as below market, creating potential for increased cash flow for the next owner. The property is presented as a triplex suited for portfolio expansion or beginning a multifamily investment.
Located at 5228 Vine Street in Philadelphia, the property is described as being in a desirable West Philadelphia area. It is positioned near public transportation and within reach of shopping, universities, parks, and major commuter routes.
Rents are currently described as below market, creating potential for increased cash flow for the next owner. The property is presented as a triplex suited for portfolio expansion or beginning a multifamily investment.
Key Highlights
- Legally zoned and approved triplex with three residential units
- Unit 1: 1 bed, 1 bath, eat‑in kitchen, large storage closet, in‑unit washer and dryer
- Unit 1: shared access to rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,897
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,940
$537.9K
Cap Rate 7%
$384,243
$384.2K
Cap Rate 9%
$298,856
$298.9K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$51.9K $30.36/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$48.9K $28.60/SF
− OpEx
−$22.0K −$12.87/SF
NOI
$26.9K $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%
$537,940
Cap Rate 7%
$384,243
Cap Rate 9%
$298,856
Alternative Uses
Best Use
Multifamily LT 5
$416.9K
$364.8K – $486.4K
NOI $29,181 @ 7.0% cap · market cap 9.89%
Second Best
Apartment 5plus
$384.2K
$336.2K – $448.3K
NOI $26,897 @ 7.0% cap · market cap 9.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,185
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
Frequently Asked Questions
What type of property is this?
Triplex - Legally approved triplex with three residential units, including in-unit washer and dryer for Unit 1 and Unit 2.
Where is this triplex located?
The property is located at 5228 VINE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Legally zoned and approved triplex with three residential units; Unit 1: 1 bed, 1 bath, eat‑in kitchen, large storage closet, in‑unit washer and dryer; Unit 1: shared access to rear yard
