468 E Walnut Ln – Turnkey Legal Triplex | $4,200/Month Rental Income. Exceptional investment opportunity at 468 E Walnut Ln. This legal triplex is fully updated and generating $4,200 per month in rental income, making it an ideal property for both investors looking to maximize returns and owner-occupants seeking to offset their mortgage with rental income. The property features three well-maintained units: Unit 1 (First Floor): Spacious 1-bedroom, 1-bath apartment with an oversized layout. Unit 2 (Second Floor): Updated 2-bedroom, 1-bath apartment. Unit 3: Updated 2-bedroom, 1-bath apartment. Each unit has been tastefully updated with new countertops and recessed lighting, creating modern, move-in-ready living spaces. All three units are equipped with central air conditioning and have separate heating systems, A/C condensers, and individual gas and electric meters, making management efficient while keeping utility costs separated. Tenants can enjoy a shared rear deck, and the basement features coin-operated laundry along with additional storage for tenant convenience. Whether you're looking to expand your investment portfolio or live in one unit while collecting rental income from the others, this completely turnkey triplex is ready to perform from day one. Don't miss this outstanding opportunity!
For sale
$524,998
468 E Walnut Ln, Philadelphia, PA 19144
5beds
--baths
2,640sqft
Triplex
Built in 1910
-- sqft lot
$520,600 Zestimate®
$199/sqft
$-- HOA
What's special
Modern move-in-ready living spacesNew countertopsFully updatedRecessed lightingShared rear deckCentral air conditioningSeparate heating systems
- 40 days |
- 219 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Alex Penn 610-937-7122,
Keller Williams Realty Devon-Wayne 6106478300
Source: Bright MLS,MLS#: PAPH2645618
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Basement
- Area: 0
Heating
- Hot Water, Natural Gas
Cooling
- Central Air, Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,640
- Total interior livable area: 2,640 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Bi-Level
- Pool features: None
Lot
- Size: 2,354 Square Feet
- Dimensions: 20.00 x 118.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 592065500
- Zoning: RSA3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other,Traditional,Straight Thru
- Property subtype: Triplex
Materials
- Masonry
- Foundation: Other
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $199/sqft
- Tax assessed value: $257,200
- Annual tax amount: $3,600
- Date on market: 7/13/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: FHA,Cash,Conventional,VA Loan
- Inclusions: Furniture
- Exclusions: Tvs
- Ownership: Fee Simple
- Total actual rent: 50400
Estimated market value
Zestimate®
$520,600
Estimated sales range
$495,000 - $547,000
Rent Zestimate®
$1,514/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Price change | $524,9980%$199/sqft |
Source: | ||
| 8/7/2026 | Price change | $524,9990%$199/sqft |
Source: | ||
| 8/4/2026 | Price change | $525,000+0%$199/sqft |
Source: | ||
| 7/29/2026 | Price change | $524,9990%$199/sqft |
Source: | ||
| 7/27/2026 | Price change | $525,000+0%$199/sqft |
Source: | ||
| 7/21/2026 | Price change | $524,9990%$199/sqft |
Source: | ||
| 7/17/2026 | Price change | $525,000+0%$199/sqft |
Source: | ||
| 7/14/2026 | Price change | $524,9990%$199/sqft |
Source: | ||
| 7/13/2026 | Listed for sale | $525,000+23.5%$199/sqft |
Source: | ||
| 4/21/2023 | Sold | $425,000$161/sqft |
Source: | ||
| 3/31/2023 | Pending sale | $425,000$161/sqft |
Source: | ||
| 3/13/2023 | Contingent | $425,000$161/sqft |
Source: | ||
| 2/24/2023 | Listed for sale | $425,000+5566.7%$161/sqft |
Source: | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/1/2015 | Listing removed | $900 |
Source: Owner Report a problem | ||
| 8/1/2015 | Listed for rent | $900 |
Source: Owner Report a problem | ||
| 3/27/2001 | Sold | $7,500+38.9%$3/sqft |
Source: Public Record Report a problem | ||
| 12/4/2000 | Sold | $5,400-65.6%$2/sqft |
Source: Public Record Report a problem | ||
| 3/11/1999 | Sold | $15,675+157%$6/sqft |
Source: Public Record Report a problem | ||
| 3/18/1998 | Sold | $6,100$2/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,600 +28.3% | $257,200 +28.3% |
| 2024 | $2,807 | $200,500 |
| 2023 | $2,807 +23.5% | $200,500 |
| 2022 | $2,272 | -- |
| 2021 | $2,272 +155.6% | -- |
| 2018 | $889 | -- |
| 2017 | $889 -57.6% | -- |
| 2016 | $2,096 | -- |
| 2015 | $2,096 | -- |
| 2014 | $2,096 +4.5% | $149,700 +982.9% |
| 2012 | $2,006 | $13,824 |
| 2011 | -- | $13,824 |
| 2010 | -- | $13,824 |
| 2009 | -- | $13,824 |
| 2008 | -- | $13,824 |
| 2007 | -- | $13,824 |
| 2006 | -- | $13,824 |
| 2005 | -- | $13,824 |
| 2004 | -- | $13,824 +9.9% |
| 2003 | -- | $12,576 |
| 2002 | -- | $12,576 +19.1% |
| 2000 | -- | $10,560 |
| 1999 | -- | $10,560 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Germantown Morton
Nearby schools
GreatSchools rating
- 4/10Roosevelt Theodore Middle SchoolGrades: K-8Distance: 0.3 mi
- 1/10King Martin Luther High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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