Occupied Corner
For Sale
$320,000
7205 HAVERFORD AVENUE, Philadelphia, PA 19151
Three separately metered units support straightforward utility allocation.
Property Size1,828 SF
Days on Market25
Property Features for 7205 HAVERFORD AVENUE
General Information
Standard status
Active
Size
1,828 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$36,000
Taxes and HOA fees
Annual Taxes
$4,065
Amenities
huge backyard
exterior security lighting
centralized fire alarm system
Building Details
Building Size
1,828 SF
Year Built
1949
Listing Agency:
Realty Mark Associates
Listed By:
WALAA ELDIN ELABSY · License #RS370769
(215) 813-3067
Source:
Patmckennarealtors
Added: Sep 16
Changed: Oct 3
Last Checked: Oct 10 at 1:09AM
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 occupied triplex contains three independently metered residences: a rear 1-bedroom, 1-bathroom unit, plus two 2-bedroom, 1-bathroom apartments on the first and second floors. The first-floor residence has a brand-new central air system, while appliances throughout the building remain with the property. Tenants are responsible for utilities other than water, supporting a practical operating arrangement.
The building occupies a corner lot with a large backyard, timed exterior security lighting, and a centralized fire alarm system. The property is positioned near public transportation, shopping, and major roadways in West Philadelphia. Constructed in 1949, the asset includes a long-term tenant in the rear unit and a month-to-month tenancy in the second-floor unit.
The building occupies a corner lot with a large backyard, timed exterior security lighting, and a centralized fire alarm system. The property is positioned near public transportation, shopping, and major roadways in West Philadelphia. Constructed in 1949, the asset includes a long-term tenant in the rear unit and a month-to-month tenancy in the second-floor unit.
Key Highlights
- Three‑unit triplex with a 1‑bedroom and two 2‑bedroom residences
- Separate utility metering for each unit
- First‑floor apartment has a brand‑new central air system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,754
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,080
$575.1K
Cap Rate 7%
$410,771
$410.8K
Cap Rate 9%
$319,489
$319.5K
Market Conditions
NOI Build-Up for 1,828 SF
Gross rent
$55.5K $30.36/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$52.3K $28.60/SF
− OpEx
−$23.5K −$12.87/SF
NOI
$28.8K $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%
$575,080
Cap Rate 7%
$410,771
Cap Rate 9%
$319,489
Alternative Uses
Best Use
Multifamily LT 5
$445.6K
$389.9K – $519.9K
NOI $31,195 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$410.8K
$359.4K – $479.2K
NOI $28,754 @ 7.0% cap · market cap 8.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 19151, PA
30,394
Population
15,084
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
12,664
Density / Sq Mi
$58,046
Median Household Income
$42,504
Median Earnings
$1,167
Median Rent
$181,200
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered units support straightforward utility allocation.
Where is this triplex located?
The property is located at 7205 HAVERFORD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Three‑unit triplex with a 1‑bedroom and two 2‑bedroom residences; Separate utility metering for each unit; First‑floor apartment has a brand‑new central air system
