5241-00 WALNUT Street, Philadelphia, PA 19139
MULTI_FAMILY - Victorian - PHILADELPHIA, PA
- Added:
- Jun 25, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 26 at 10:06 am
Property Features for 5241-00 WALNUT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Appliances
- Dryer, Oven/Range - Electric, Refrigerator, Washer
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3149
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1925
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Victorian
Listing agent Deidre M Quinn License #RS276819 (267) 225-3678
Listing office EXP Realty, LLC 630 Freedom Business Ctr Drive unit: 300, Philadelphia, PA (888) 397-7352
Listing date Jun 25, 2026
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.
HighLights
- Three‑story triplex built in 1925 with Victorian architecture and masonry construction
- Each unit is a 2 bed, 1 bath apartment with its own floor in the triplex layout
- Second‑floor unit is currently vacant, offering options for owner occupancy or leasing at market rents
- Each apartment has central heating and central air plus in‑unit washer and dryer
- Separately metered utilities: individually metered water, gas, and electric for each apartment; separate electric meter for common areas
- First‑floor unit includes a private entrance plus direct access to the rear yard and unfinished basement for extra storage/utility space
Overview
Each apartment is equipped with its own HVAC system for central heating and air conditioning, plus in-unit washer and dryer. Hot water is handled by a separate water heater for each unit, and water, gas, and electric are individually metered to each apartment. For common-area power, there is a separate electrical meter serving the property.
The property is located at 5241 Walnut Street in Philadelphia’s Spruce Hill neighborhood, positioned within the University City area. The area is described as providing access to the University of Pennsylvania and Drexel University, as well as Penn Medicine and Children’s Hospital of Philadelphia. Public transportation options cited in the remarks include SEPTA trolley routes, the Market Frankford Line, regional rail connections, and nearby 30th Street Station. This layout and utility setup are practical for tenants seeking in-unit laundry and independent climate control across a three-unit income property.
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 | $38.7k | $25.80 |
| − Vacancy | −$2.1k | −$1.42 |
| EGI | $36.6k | $24.38 |
| − OpEx | −$11.0k | −$7.31 |
| NOI | $25.6k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.22682
- Latitude
- 39.95738
