Corner Triplex with Turnkey
5615 Upland Way Philadelphia, PA 19131
For Sale
$379,999
Corner end-unit triplex offering three rental units, including two 2-bedroom layouts and one 1.5-bedroom unit.
Property Size1,698 SF
Price / SF$223.79
Days on Market91
Property Features for 5615 Upland Way
General Information
- Standard status
- Active
- Size
- 1,698 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Janek Hancock · License #RS330380
(215) 376-4444
Source:
Compass
Added: Apr 25
Changed: Jul 23
Last Checked: Jul 23 at 3:01AM
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
Investment Insights
Based on property information with market context.
This corner end-unit triplex features three turnkey rental units or can be configured for owner-occupancy. The property includes two spacious 2-bedroom units and one versatile 1.5-bedroom unit, and each layout has one full bathroom. Built with an emphasis on the corner position, the home benefits from extra windows for natural light and fewer shared walls for enhanced privacy.
Located in Philadelphia in MLS area 19131, the property is served by the Philadelphia City School District.
The three-unit setup provides a straightforward income configuration, with all units presented as ready to go based on the listing description.
Located in Philadelphia in MLS area 19131, the property is served by the Philadelphia City School District.
The three-unit setup provides a straightforward income configuration, with all units presented as ready to go based on the listing description.
Key Highlights
- Corner end‑unit triplex with three rental layouts: two 2‑bedroom units and one 1.5‑bedroom unit
- Each of the three units includes 1 full bathroom
- Corner end‑unit design offers extra windows for natural light and fewer shared walls for added privacy
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 | $43.8k | $25.80 |
| − Vacancy | −$2.4k | −$1.42 |
| EGI | $41.4k | $24.38 |
| − OpEx | −$12.4k | −$7.31 |
| NOI | $29.0k | $17.06 |
1,698 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$413.9K
$362.2K – $482.9K
NOI $28,976 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$381.6K
$333.9K – $445.2K
NOI $26,709 @ 7.0% cap · market cap 7.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Corner end-unit triplex offering three rental units, including two 2-bedroom layouts and one 1.5-bedroom unit.
Where is this triplex located?
The property is located at 5615 Upland Way Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,999.
What are key features of this property?
This property features: Corner end‑unit triplex with three rental layouts: two 2‑bedroom units and one 1.5‑bedroom unit; Each of the three units includes 1 full bathroom; Corner end‑unit design offers extra windows for natural light and fewer shared walls for added privacy
