Triplex with Detached Garage
For Sale
$405,000
5234 JACKSON ST, Philadelphia, PA 19124
Triplex with three separate units and detached garage rentals, built in 1939 and located near transportation and major highways.
Property Size1,841 SF
Price / SF$219.99
Days on Market94
Property Features for 5234 JACKSON ST
General Information
Standard status
Active
Size
1,841 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Kensington
Highway Access
Yes
Additional Details
Gross Income
$54,720
Building Details
Tenancy
Multi
Listing Agency:
Opus Elite Real Estate
(215) 395-6277
Listed By:
Andrea Betancourt · License #RS355286
(215) 618-6077
Source:
Graves
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 30 at 2:31PM
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 Opus Elite Real Estate
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Investment Insights
Based on property information with market context.
This triplex offers three separate living spaces designed for independent rental occupancy, with detached garage rentals that provide additional on-site income potential. The property is described as fully income-producing and is positioned for investors looking for cash-flow generating residential units alongside revenue from garage rentals. Built in 1939, the building supports a straightforward, multi-tenant layout with separate spaces for tenants.
5234 Jackson Street in Philadelphia, PA is noted as being convenient to public transportation, major highways, shopping, schools, and everyday amenities, supporting strong local accessibility for renters.
With three units plus detached garage rentals, this is a functional, income-oriented residential setup appropriate for buyers seeking a multi-tenant property with diversified rental sources within the same overall asset.
5234 Jackson Street in Philadelphia, PA is noted as being convenient to public transportation, major highways, shopping, schools, and everyday amenities, supporting strong local accessibility for renters.
With three units plus detached garage rentals, this is a functional, income-oriented residential setup appropriate for buyers seeking a multi-tenant property with diversified rental sources within the same overall asset.
Key Highlights
- Three separate residential units in a triplex layout
- Detached garage rentals add an additional rental revenue stream
- Built in 1939
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,722
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,440
$474.4K
Cap Rate 7%
$338,886
$338.9K
Cap Rate 9%
$263,578
$263.6K
Market Conditions
NOI Build-Up for 1,841 SF
Gross rent
$36.5K $19.80/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$33.9K $18.41/SF
− OpEx
−$10.2K −$5.52/SF
NOI
$23.7K $12.89/SF
Area
ZIP 19124
Vacancy
7.03%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,440
Cap Rate 7%
$338,886
Cap Rate 9%
$263,578
Alternative Uses
Best Use
Multifamily LT 5
$338.9K
$296.5K – $395.4K
NOI $23,722 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$311.8K
$272.9K – $363.8K
NOI $21,828 @ 7.0% cap · market cap 5.39%
Theoretical Best
Specialty Retail
$1.06M
$926.6K – $1.24M
NOI $74,127 @ 7.0% cap · market cap 18.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,125
Businesses Nearby
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Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three separate units and detached garage rentals, built in 1939 and located near transportation and major highways.
Where is this triplex located?
The property is located at 5234 JACKSON ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Three separate residential units in a triplex layout; Detached garage rentals add an additional rental revenue stream; Built in 1939
