Duplex with Separate
For Sale
$415,000
3252 MILLER Street, Philadelphia, PA 19134
Multi-Family, PHILADELPHIA, PA
Property Size1,312 SF
Lot Size0.02 Acres
Price / SF$316.31
Days on Market32
Property Features for 3252 MILLER Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,312 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1933
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Amenities
central air conditioning
in-unit laundry
stainless steel appliances
Building Details
Year built
1910
Number of units
2
Building materials
Masonry, Stucco
Listing Agency:
RE/MAX One Realty · RE/MAX International
(215) 467-2892
Listed By:
William Avdula Ndreu · License #RS323422
(856) 701-3512
Added: Aug 3
Changed: Aug 19
Last Checked: Sep 3 at 11:06AM
MLS# PAPH2655690
Copyright © 2026 Bright MLS. 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.
Located at 3252 Miller Street in Philadelphia, this masonry and stucco duplex contains 1,312 square feet and was built in 1910. The first-floor residence offers two bedrooms and two bathrooms, while the second-floor residence includes two bedrooms and one bathroom. Both units are currently rented.
Each residence has its own utility meters, central air conditioning, a new kitchen with stainless steel appliances, and in-unit laundry. Additional improvements include brand-new windows, high-efficiency heating and air-conditioning systems, and LED lighting throughout. The property occupies 0.0205 acres and includes a basement.
Each residence has its own utility meters, central air conditioning, a new kitchen with stainless steel appliances, and in-unit laundry. Additional improvements include brand-new windows, high-efficiency heating and air-conditioning systems, and LED lighting throughout. The property occupies 0.0205 acres and includes a basement.
Key Highlights
- Two‑unit duplex with 1,312 square feet on 0.0205 acres
- First‑floor unit: 2 bedrooms and 2 baths
- Second‑floor unit: 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,389
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$447,780
$447.8K
Cap Rate 7%
$319,843
$319.8K
Cap Rate 9%
$248,767
$248.8K
Market Conditions
NOI Build-Up for 1,312 SF
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.
Gross rent
$33.8K $25.80/SF
− Vacancy
−$1.9K −$1.42/SF
EGI
$32.0K $24.38/SF
− OpEx
−$9.6K −$7.31/SF
NOI
$22.4K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$447,780
Cap Rate 7%
$319,843
Cap Rate 9%
$248,767
Alternative Uses
Best Use
Multifamily LT 5
$319.8K
$279.9K – $373.2K
NOI $22,389 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$294.8K
$258.0K – $344.0K
NOI $20,637 @ 7.0% cap · market cap 4.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,983
Businesses Nearby
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature new kitchens, central air conditioning, and private laundry facilities.
Where is this duplex located?
The property is located at 3252 MILLER Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,312 square feet on 0.0205 acres; First‑floor unit: 2 bedrooms and 2 baths; Second‑floor unit: 2 bedrooms and 1 bath
