Two-Story Corner Residential
For Sale
$399,000
2149 S 3RD STREET, Philadelphia, PA 19148
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,000 SF
Price / SF$199.50
Days on Market700
Property Features for 2149 S 3RD STREET
General Information
Property type
Residential Multi Family
Property subtype
Townhouse
Standard status
Active
Size
2,000 SF
Building Details
Year built
2000
Listing Agency:
BHHS Fox & Roach Center City-Society Hill · Berkshire Hathaway HomeServices
(215) 627-6005
Listed By:
Patrick Conway · License #RS217990L
(215) 266-1537
Added: Sep 6, 2024
Changed: Jul 23
Last Checked: Aug 6 at 12:06AM
MLS# PAPH2391380
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This expansive two-story corner building offers a versatile interior layout with approximately 16-by-68 dimensions and over 2,000 square feet of space. The first floor includes a sitting room that opens to a spacious workstation area, a hallway with a wall of windows, a fully equipped kitchen, a large powder room, and a private rear office. The second level features an entirely open layout surrounded by windows for natural light, along with a kitchenette, another powder room, and a generous rear office area. A finished basement adds additional flexible space with ample storage options.
The property is located in Philadelphia, Pennsylvania 19148 and is zoned RSA 5 - Residential.
With its multi-level configuration, multiple powder rooms, and dedicated office spaces on both levels, the building presents a practical option for buyers seeking a flexible residential-income style layout within the existing footprint.
The property is located in Philadelphia, Pennsylvania 19148 and is zoned RSA 5 - Residential.
With its multi-level configuration, multiple powder rooms, and dedicated office spaces on both levels, the building presents a practical option for buyers seeking a flexible residential-income style layout within the existing footprint.
Key Highlights
- Year built 2000 two‑story corner building with finished basement
- Over 2,000 sq ft total; first floor includes sitting room, workstation, and fully equipped kitchen
- Two powder rooms—one on each level
Financial Insights For Apartment 5plus
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 | $60.7k | $30.36 |
| − Vacancy | −$3.5k | −$1.76 |
| EGI | $57.2k | $28.60 |
| − OpEx | −$25.7k | −$12.87 |
| NOI | $31.5k | $15.73 |
2,000 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$449.4K
$393.2K – $524.3K
NOI $31,459 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$487.6K
$426.6K – $568.8K
NOI $34,130 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Zoned RSA 5, this two-story corner building includes open second-level layout, kitchenette, powder rooms, and a finished basement.
Where is this residential income property located?
The property is located at 2149 S 3RD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Year built 2000 two‑story corner building with finished basement; Over 2,000 sq ft total; first floor includes sitting room, workstation, and fully equipped kitchen; Two powder rooms—one on each level
