Property
Beds
6
Full Baths
None
1/2 Baths
None
Year Built
1925
Sq.Footage
2,540
Well-maintained triplex investment property in West Philadelphia’s Walnut Hill neighborhood, offering immediate income along with meaningful recent improvements. The property features three two-bedroom, one-bath units located on the basement, first and second floors. Each unit has its own entrance and independent heating and cooling. Residents also enjoy a shared rear yard and common laundry area—features tenants appreciate for both convenience and the property’s sense of community. The property is fully occupied, with current monthly rents of $1,500, $1,400 and $1,100, generating $4,000 per month and $48,000 annually. It is registered for three dwelling units under Use Permit No. 485482. The owner has made substantial investments in the property, including a new sewer lateral from the city main in 2025; updated HVAC systems and water heaters; renovated kitchens and bathrooms in Units B and C; and a new 200-amp electrical service line. Additional 2026 work includes roof coating and edge cement, along with repairs to the rear siding and capping. The washer and dryer in the common laundry area were replaced in 2024. This is a strong opportunity for an investor looking for established rental income or an owner-occupant who wants to offset housing expenses with rent from the other two units. The property is being sold subject to the existing leases. Located just off the 52nd Street commercial corridor and steps from Malcolm X Park, the property offers convenient access to neighborhood shops, restaurants and services. SEPTA Routes 21, 42 and 52, along with the Market-Frankford Line at 52nd Street, provide connections through University City and Center City. The University of Pennsylvania, Drexel University, Penn Medicine and Children’s Hospital of Philadelphia are readily accessible, while nearby Spruce and Pine Street bike lanes offer an additional east-west route. The restaurants and businesses along Baltimore Avenue are also nearby.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen
-
Total Bedrooms
6
-
Bathrooms
N/A
-
Above Grade Finished Area
1740.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Hot Water
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Other
Price
-
Sales Price
$425,000
-
Tax Amount
$6,891
-
Financing Options
Conventional, Private
-
Zoning
Two Apartments Above Grade, One Apartment Below Grade
-
Sq. Footage
2,540
-
Price/SqFt
$167
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
New Construction
NO
-
Foundation Details
Brick/Mortar
-
Sewer
Public Sewer
-
Tax Lot
121
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Algernong Allen III , KW Empower
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Owner, Chief Executive Officer, Portfolio Advisor
Nick Polinchock
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