Triplex with
For Sale
$384,900
5818 WOODCREST AVENUE, Philadelphia, PA 19131
Three occupied apartments feature central air, dishwashers, microwaves, and garbage disposals, with flexible month-to-month leases.
Property Size1,436 SF
Days on Market152
Property Features for 5818 WOODCREST AVENUE
General Information
Standard status
Active
Size
1,436 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR, 1 x 2BR, 1 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,086
Amenities
central air
dishwasher
microwave
garbage disposal
stainless steel appliances
Building Details
Building Size
1,436 SF
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
Tara Management Services Inc
(215) 605-1506
Listed By:
Joseph Waites · License #RS319655
(215) 605-1506
Source:
Patmckennarealtors
Added: Mar 5
Changed: Aug 4
Last Checked: Aug 4 at 3:04AM
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 Tara Management Services Inc
Investment Insights
Based on property information with market context.
Built in 1925, this triplex includes one three-bedroom apartment, one two-bedroom apartment, one one-bedroom apartment, and a garage. Each unit is equipped with central air, a dishwasher, microwave, and garbage disposal. The two- and three-bedroom apartments also have stainless steel appliances. All three apartments are currently occupied under month-to-month leases, while the garage has 7 years remaining on a 10-year lease.
The property is located on Woodcrest Avenue in Philadelphia’s Wynnefield section, near St. Joseph’s, City Avenue, the River Drives, the Schuylkill Expressway, and public transportation. The configuration provides three distinct residential units alongside dedicated garage space.
The property is located on Woodcrest Avenue in Philadelphia’s Wynnefield section, near St. Joseph’s, City Avenue, the River Drives, the Schuylkill Expressway, and public transportation. The configuration provides three distinct residential units alongside dedicated garage space.
Key Highlights
- Three‑unit configuration with 3‑bedroom, 2‑bedroom, and 1‑bedroom apartments
- Detached garage with 7 years remaining on a 10‑year lease
- All three apartments currently occupied with month‑to‑month leases
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 | $37.0k | $25.80 |
| − Vacancy | −$2.0k | −$1.42 |
| EGI | $35.0k | $24.38 |
| − OpEx | −$10.5k | −$7.31 |
| NOI | $24.5k | $17.06 |
1,436 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$350.1K
$306.3K – $408.4K
NOI $24,505 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$322.7K
$282.4K – $376.5K
NOI $22,588 @ 7.0% cap · market cap 5.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
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 - Three occupied apartments feature central air, dishwashers, microwaves, and garbage disposals, with flexible month-to-month leases.
Where is this triplex located?
The property is located at 5818 WOODCREST AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Three‑unit configuration with 3‑bedroom, 2‑bedroom, and 1‑bedroom apartments; Detached garage with 7 years remaining on a 10‑year lease; All three apartments currently occupied with month‑to‑month leases
