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!
Multi-familyProperty Type
1910Year Built
2,354 sq ftLot Size
$199Price/Sq.Ft.
Listed by Alex Penn• Keller Williams Realty Devon-Wayne
Incredible opportunity to own a 3 unit building in the heart of Germantown. This income generating property is perfect for an ambitious owner occupant or the savvy investor that has a keen eye for neighborhoods that are prime for development. Aside from its convenient location, 468 E Walnut Lane comprises a one bedroom unit and 2 two bedroom units ready to rent immediately to produce cash flow. The classic single large building enjoys a charming front porch with curb appeal and a rear deck. On the interior, each unit is in exceptional condition featuring hardwood floors, carpeting, southern exposure facing windows, fully-equipped kitchens and baths. The units are highly desirable and the owners had full capacity rate with AirBNB. Create income traditionally or through AirBNB, the contemporary options and the long term hold strategies are profitable. The income potential is very attractive with an immediate opportunity to increase rent roll. Germantown Philadelphia has been a best kept secret for generations but is quickly being exposed to national interest. Philadelphia’s tremendous value compared to other major cities in the Northeast corridor is apparent and the new wave of the remote workplace is steadily increasing awareness of the city’s potential. Germantown Philadelphia is the crown jewel. This is the time to invest in Germantown as evidenced in the endless construction boom underway now. This property offers easy access to the culture of Center City, Mount Airy and Chestnut Hill. Investment in this triplex will surely pay dividends for years to come.
Year
Property tax
Land + Additions
Assessment*
2026
$3,600
$51,440 + $205,760
$257,200
2025
$3,600 (+28.3%)
$51,440 + $205,760
$257,200
2024
$2,807
$40,100 + $160,400
$200,500
2023
$2,807 (+23.5%)
$40,100 + $160,400
$200,500
2022
$2,272
$24,335 + $137,965
$162,300
2021
$2,272
$24,335 + $137,965
$162,300
2020
$2,272 (+155.6%)
$24,335 + $137,965
$162,300
2019
$889 (−57.6%)
$14,287 + $49,213
$63,500
2018
$2,096
$33,682 + $116,018
$149,700
2017
$2,095 (+4.4%)
$33,682 + $116,018
$149,700
2015
$2,006
$16,009 + $133,691
$149,700
2014
$2,005 (+48.4%)
$16,009 + $133,691
$149,700
2013
$1,351 (+3.6%)
$2,902 + $10,922
$13,824
2012
$1,304 (+3.9%)
$2,902 + $10,922
$13,824
2011
$1,256 (+9.9%)
$2,902 + $10,922
$13,824
2010
$1,142
$2,902 + $10,922
$13,824
Public record
Public record
Zoning
Permits
Beds
4
Baths
—
Stories
3
Lot width
20 ft.
Lot depth
118 ft.
Lot size
2,354 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,640
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,640
Year built
1910
Style
Single Family Residential
County
Philadelphia County
APN
592065500
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 28, 2026.
RSA-3
/NIS
/EDO
Residential Single-Family Attached-3 District
The RSA, Residential Single-Family Attached districts are primarily intended to accommodate attached and semi-detached houses on individual lots, but may be applied in areas characterized by a mix of housing types, including detached houses. The districts are also intended to provide a density transition between RSD districts and RM districts. The Zoning Code includes five RSA districts that are differentiated primarily on the basis of minimum lot area requirements.
Zone overlays
Narcotics Injection Sites Overlay District
Eighth District Overlay District
Permitted uses
Include but are not limited to:
Religious facility
Garden center
Housing-Single unit
Fire house
Police station
Recreation-Other
Jan 30, 2008 • Final
Ep_electrl
Install a new electrical service with a meter socket, disconnects, and a house panel.
Electrical
Jul 25, 2007 • Final
Bp_alter
Remove and replace an existing deck with a new deck.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
7/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Philadelphia, PA • 19144
Average low and high temperatures (°F)
36
23
41
26
59
38
68
47
73
55
83
66
90
72
83
65
79
61
70
49
56
40
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
63/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
5.7 hrs
1.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 468 E Walnut Ln
$516,771
$8,228 under list price of $525K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $258K to $500K.