Three-Unit Building with Private
For Sale
$750,000
867 N 29th St, Philadelphia, PA 19130
Separate electric meters, multiple kitchens, and a private yard support the property’s three residential units.
Property Size2,970 SF
Price / SF$252.53
Days on Market54
Property Features for 867 N 29th St
General Information
Standard status
Active
Size
2,970 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Amenities
coin-op laundry
storage
central air
Building Details
Year Built
1920
Buildings
1
Listing Agency:
KW Empower
Listed By:
Michael R. McCann · License #AB049770L
(215) 607-6007
Source:
Upgradebymichaud
Added: Aug 30
Changed: Oct 4
Last Checked: Oct 21 at 2:31AM
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 KW Empower
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,970-square-foot triplex, built in 1920, contains two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The first-floor residence includes wood parquet flooring, a modern bathroom, high ceilings, a fireplace mantle, and direct access to a private yard. The upper apartments add spacious kitchens, carpeted bedrooms, recessed lighting, and an updated kitchen. A common unfinished basement provides storage and useful building infrastructure, including a coin-operated washer and dryer, four gas meters, four hot water tanks, separate electric meters, and a gas hot-air heating system with central air.
The property is located at 867 N 29th St in Philadelphia, near Fairmount Park, Drexel, Penn, and the Brewerytown area.
The property is located at 867 N 29th St in Philadelphia, near Fairmount Park, Drexel, Penn, and the Brewerytown area.
Key Highlights
- Three‑unit configuration with two 2‑bedroom units and one 1‑bedroom unit
- 2,970 square feet; built in 1920
- First‑floor unit includes private yard access, high ceilings, and a fireplace mantle
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,683
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,660
$1.0M
Cap Rate 7%
$724,043
$724.0K
Cap Rate 9%
$563,144
$563.1K
Market Conditions
NOI Build-Up for 2,970 SF
Gross rent
$76.6K $25.80/SF
− Vacancy
−$4.2K −$1.42/SF
EGI
$72.4K $24.38/SF
− OpEx
−$21.7K −$7.31/SF
NOI
$50.7K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,660
Cap Rate 7%
$724,043
Cap Rate 9%
$563,144
Alternative Uses
Best Use
Multifamily LT 5
$724.0K
$633.5K – $844.7K
NOI $50,683 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$667.4K
$584.0K – $778.6K
NOI $46,717 @ 7.0% cap · market cap 6.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,660
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate electric meters, multiple kitchens, and a private yard support the property’s three residential units.
Where is this triplex located?
The property is located at 867 N 29th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑unit configuration with two 2‑bedroom units and one 1‑bedroom unit; 2,970 square feet; built in 1920; First‑floor unit includes private yard access, high ceilings, and a fireplace mantle
