Renovated Triplex With
New
For Sale
$440,000
907 BELMONT AVENUE, Philadelphia, PA 19104
Updated three-unit property with in-unit washer and dryer and a two-bedroom/two-bedroom/one-bedroom configuration.
Property Size1,923 SF
Days on Market2
Property Features for 907 BELMONT AVENUE
General Information
Standard status
Active
Size
1,923 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,272
Amenities
washer/dryer in each unit
Building Details
Building Size
1,923 SF
Year Built
1915
Buildings
1
Listing Agency:
Keller Williams Main Line
(267) 252-1455
Listed By:
Starr Smith · License #1859517111111
(267) 252-1455
Source:
Patmckennarealtors
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 7:46AM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
Built in 1915, this renovated triplex contains three residential units: two two-bedroom apartments and one one-bedroom apartment. Each unit includes its own washer and dryer, and the property is described as ready for occupancy.
The property is located at 907 Belmont Avenue in Philadelphia, near the Philadelphia Zoo and University City. Interstate 76 provides convenient regional access, while Center City is also nearby.
The unit mix offers a combination of larger and smaller apartments within one multifamily property, with laundry equipment provided throughout the building.
The property is located at 907 Belmont Avenue in Philadelphia, near the Philadelphia Zoo and University City. Interstate 76 provides convenient regional access, while Center City is also nearby.
The unit mix offers a combination of larger and smaller apartments within one multifamily property, with laundry equipment provided throughout the building.
Key Highlights
- Three‑unit multifamily property with two 2‑bedroom units and one 1‑bedroom unit
- Renovated property built in 1915
- Washer and dryer included in each unit
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 | $49.6k | $25.80 |
| − Vacancy | −$2.7k | −$1.42 |
| EGI | $46.9k | $24.38 |
| − OpEx | −$14.1k | −$7.31 |
| NOI | $32.8k | $17.06 |
1,923 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$468.8K
$410.2K – $546.9K
NOI $32,816 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$432.1K
$378.1K – $504.1K
NOI $30,248 @ 7.0% cap · market cap 6.87%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
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 - Updated three-unit property with in-unit washer and dryer and a two-bedroom/two-bedroom/one-bedroom configuration.
Where is this triplex located?
The property is located at 907 BELMONT AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Three‑unit multifamily property with two 2‑bedroom units and one 1‑bedroom unit; Renovated property built in 1915; Washer and dryer included in each unit
