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… Read More 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. Read Less
Courtesy of Algernong Allen III, KW Empower 215-627-3500
Listing Snapshot
Days Online
2
Last Updated
Property Type
Triplex
Square Ft.
2,540
Year Built
1925
MLS Number
PAPH2659694
Additional Details
Basement
Fully Finished
Building
Built in 1925, Built in 2013 (effective), Living area: 2540, 2 stories, Construction Materials: Masonry
Cooling
Central A/C
Accessibility Features
None
Exterior Features
Sidewalks, Street Lights
Floors
Wood, Tile/Brick
Foundation
Brick/Mortar
Heating
Hot Water
Income
Gross ScheduledIncome: $48,000, Apartment Rentals
Interior Features
Kitchen - Eat-In
Lot
Dimensions: 21.00 x 100.00
Owner Pays
Common Area Maintenance, Heat, Repairs, Sewer Maintenance, Snow Removal, Water, Trash Collection, Pest Control, Taxes - Real Estate
Property
Very Good, Other structures: Above Grade, Below Grade
Roof
Flat
Sewer
Public Sewer
Taxes
Annual Amount: $6,891, Lot: 121, Year: 2026, Zoning: RSA5, Zoning description: Two Apartments Above Grade, One Apartment Below Grade
Utilities
Electric Available, Cable TV, Water Source: Public, 200+ Amp Service
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